China’s inflation 3.0% in April, down from March

BEIJING, May 14, 2007 (AFP) – China’s consumer price inflation eased in April, rising 3.0 percent from a year earlier, the National Bureau of Statistics said Monday.

The index, a key indicator of consumer inflation in the world’s fourth-largest econnomy, was down from a year-on-year rise of 3.3 percent in March.

Compared with March, consumer prices fell 0.1 percent in April, the NBS said in a statement.

In the first four months of the year, consumer inflation was up 2.8 percent from the same period in 2006, according to the bureau.

The government is targeting an inflation rate within 3.0 percent this year in the fast growing economy.

Consumer inflation is one of the key measures that the central bank monitors when deciding what monetary measures to adopt.

The rural inflation rate was 3.4 percent in April, with the urban rate 2.9 percent. .