China consumer inflation rises to 1.5% in April: govt

Consumer inflation in China rose to 1.5 percent in April, authorities said Saturday, potentially easing concerns over deflation in the world's second-largest economy but below market forecasts. The rise in the consumer price index, a main gauge of inflation, released by the National Bureau of Statistics (NBS) was the highest since December, and a slight increase on March's 1.4 percent. Moderate inflation can be a boon to consumption as it encourages consumers to buy before prices go up