FX.co ★ China’s CPI Turns Positive in April, Easing Deflation Fears

China’s consumer price index (CPI) moved back into positive territory in April 2026, offering a tentative sign of easing deflationary pressure. Month-over-month, prices rose by 0.3%, a notable rebound from the 0.7% decline recorded in March 2026.

The latest data, updated on 11 May 2026, show that April’s improvement represents a clear turnaround from the previous month’s contraction, when the CPI was down 0.7% compared with February. On a month-over-month basis, the April figure indicates that consumer prices are now rising again after a period of sequential decline.

The comparison underscores a shift in short-term price dynamics: while March reflected weakening price levels, April’s 0.3% increase suggests a stabilization in consumer demand or cost conditions. Investors and policymakers will be watching upcoming releases closely to see whether this nascent upward move in prices can be sustained in the months ahead.