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China's consumer price index (CPI), the main gauge of inflation, fell by 0.1 percent year-on-year in April, according to data released Saturday by the National Bureau of Statistics (NBS). Although the external impacts have increased, China's prices are expected to remain stable, supported by macroeconomic policies, according to experts.

On a month-on-month basis, the CPI increased by 0.1 percent in April, a 0.5 percentage point rise compared to March, according to NBS data.

Core CPI, excluding food and energy, rose 0.5 percent year-on-year in April, with the growth rate remaining stable, according to NBS data.

The core CPI growth, which more accurately reflects supply and demand dynamics, remains stable, demonstrating the inherent resilience of China's economy, Wen Bin, chief economist at China Minsheng Bank, said on Saturday in an analysis sent to the Global Times.

Looking ahead, CPI is expected to moderately rebound as macroeconomic policies strengthen domestic demand. The trade-in policy for industrial consumer goods is accelerating consumption, helping to stabilize overall prices with a slight upward trend, Wen said.

The producer price index (PPI), which reflects factory-gate prices, declined by 2.7 percent year-on-year in April, primarily due to international input costs, according to NBS data.

The US tariff policy and exchange rate fluctuations are increasing price volatility in global markets for energy, metals, raw materials, and agricultural products, which in turn affect China's domestic prices, Wang Yunjin, an analyst at Guangkai Chief Industry Research Institute, told the Global Times on Saturday.