Chinese consumer inflation was slightly lower than forecast on-year in April while producer prices in the same month posted smaller-than-expected declines, data showed Tuesday.
The consumer price index (CPI) rose 2.3 percent on-year in April, compared with a 2.4 percent forecast by a Reuters poll and in line with March's 2.3 percent on-year reading, Reuters data showed.
Consumer inflation was 0.2 percent lower on-month.
Food prices were the largest contributors to consumer inflation, rising 7.4 percent in April compared to the same period a year ago.
Pork price inflation continued to accelerate to 33.5 percent on-year from 28.4 percent on-year in March, but this was more than offset by a slower increase in vegetable prices, noted Capital Economics' China economist Julian Evans-Pritchard in a note.