China's April inflation eases to 1.8 percent

Staff Writer
Columbus CEO

BEIJING (AP) — China's inflation eased in April, giving the government more leeway if needed to stimulate the slowing economy.

Data on Friday showed consumer prices rose 1.8 percent over a year earlier, down from March's 2.4 percent increase. The rise in politically sensitive food prices eased to 2.3 percent from the previous month's 4.1 percent.

Lower inflation gives Beijing more room for interest rate cuts or other moves to stimulate the economy after growth declined to 7.4 percent in the latest quarter.

Chinese leaders have ruled out more stimulus. But in a sign of concern over possible job losses, Beijing launched a mini-stimulus in March based on higher spending on building railways and other public works.