Chinese inflation accelerates

AAP, with a staff reporter

China's inflation has accelerated to 2.4 per cent in April from 2.1 per cent in March, official data shows, with authorities blaming increased vegetable prices.

The consumer price index – a main gauge of inflation – increased by 0.2 per cent month-on-month in April, reversing a decrease of 0.9 per cent in March, the National Bureau of Statistics said in a statement.

Bloomberg had forecast the index to lift to 2.3 per cent.

Authorities said higher vegetable prices were responsible for the rise.

"The rather large increase in vegetable prices was the main driver of the rise in CPI," Yu Qiumei, a senior analyst at the NBS, said, adding that unusually cold temperatures and low rainfall across the country were to blame.

In the first four months of the year, CPI increased by 2.4 per cent year-on-year, the NBS said, unchanged from the reading for the first quarter.

China has set its inflation target for this year at 3.5 per cent, higher than the actual inflation rate for 2012, which stood at 2.6 per cent.