China’s consumer inflation was more muted than expected in April and producer prices fell for the 37th consecutive month, adding to concerns about growing deflationary pressures which are likely to trigger further policy easing. A seasonal jump in food prices aside, some economists said the figures pointed to moderate price pressures and lacklustre domestic demand in the world’s second-biggest economy. “Consumer prices remained sluggish in April and the risk of deflation still lingers,” analysts at Haitong Securities said in a note.