May 14, 2012
(Reuters)
China's annual consumer inflation moderated in April despite strong food price rises, data showed, potentially giving Beijing more scope to loosen policy to help the economy rebound from a first-quarter slowdown in growth.
The April consumer price index (CPI) rose 3.4% year on year, down from the 3.6% pace logged in March.
April retail sales growth is expected to be unchanged from March, at 15.2%.
