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China consumer inflation rises subdued 1.5% in April

People buy vegetables at a booth in a outdoor market in Beijing on April 10, 2015Consumer inflation in China rose to 1.5 percent in April, authorities said Saturday, but came in below market forecasts and analysts called for more action to avoid deflation in the world’s second-largest economy. The rise in the consumer price index (CPI), a main gauge of inflation, released by the National Bureau of Statistics (NBS) was the highest since December, and a slight increase on March’s 1.4 percent. “April CPI inflation remained subdued,” Japanese financial firm Nomura said in a research note, which added there was no inflationary pressure in the near term. Concerns about the risk of deflation in China have been on the rise especially after January’s slump in consumer inflation to 0.8 percent, the lowest since November 2009.

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