Global markets: China’s consumer price index up in April

By Commodity News Service Canada

WINNIPEG, May 10 – The following is a glance at the news moving markets globally.

CHINA’S CONSUMER INFLATION GAINS SLIGHTLY IN APRIL
China’s consumer price index gained 2.3 per cent from year-ago levels in April, according to reports on Tuesday.

Higher food prices, most notably pork, contributed to the gains, analysts say.

CANADIAN NON-RESIDENTIAL CONSTRUCTION STEADY IN FIRST-QUARTER
The composite price index for non-residential building construction in the first quarter was unchanged from the previous quarter. Higher material prices in the structural trades in Ontario were offset by decreases in Alberta, Statistics Canada said in a report on Tuesday.

CANADIAN APARTMENT CONSTRUCTION UP SLIGHTLY
The composite price index for apartment building construction rose 0.1 per cent in the first quarter compared with the previous quarter, Statistics Canada said in a report on Tuesday.

According to StatsCan, the increase was largely due to higher material prices reported by contractors in the structural trades.

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