China’s consumer prices continued to rise in April. According to the statistics office in Beijing on Saturday, the index was 0.3% higher than in April 2023, continuing the inflation trend in the world’s second-largest economy. Compared to the previous month, consumer prices rose by 0.1%. In February, the price index had shot up by 0.7% year-on-year due to the Spring Festival – an important holiday period for the domestic economy – but slowed down again significantly in March. From autumn last year until January, China had to contend with deflation, i.e. a fall in prices – the opposite of infla…