Mainland inflation increases in April
China's inflation rate quickened last month, according to official data released on Saturday. The consumer price index (CPI) rose by 0.3 percent year-on-year in April, staying in positive territory for the third straight month, according to the  National Bureau of Statistics (NBS). That compared with a 0.2 percent rise forecast by Bloomberg analysts and was higher than the 0.1 percent increase in March. "In April, household consumption demand continued to rebound... and the year-on-year increase expanded," the NBS said in a statement. However, the producer price index sank by 2.5 percent year-on-year, the NBS said. (AFP)