Beijing CPI Turns Positive in April, Rising 0.4% Month-over-Month as Oil Prices Rise

According to Jin10 Data, Beijing's consumer price index (CPI) rose 0.4% month-over-month in April 2026, reversing a 1.1% decline in March, with year-over-year gains expanding to 0.6%. Non-food prices climbed 0.9%, becoming the primary driver of inflation. Gasoline prices surged 12.7% due to international crude oil volatility, contributing approximately 0.23 percentage points to CPI growth. Food prices fell 3.0%, with pork and aquatic products declining 5.5% and 2.2% respectively due to ample supply.
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