-
China inflation: consumer prices eased in March, producer prices remained in deflation
China’s consumer inflation eased last month, data released on Tuesday showed, while producer prices remained in deflation. The consumer price index (CPI) rose by 0.7 per cent in March from a year earlier, down from 1 per cent growth in February, according to the National Bureau of Statistics. This was below expectations, with CPI having been expected to rise by 1 per cent last month, according to Chinese financial data provider Wind. After China’s CPI grew by 2 per cent overall last year, Beijing set a target of around 3 per cent growth for 2023. chart Meanwhile, the producer price index (PPI), which reflects ... (full story)
-
China’s Consumer Inflation Slows, Producer Prices Fall Further Bloomberg News, Bloomberg News
China’s consumer inflation slowed in March despite a pickup in economic activity, while producer prices contracted further. The consumer price index rose 0.7% last month from a year earlier, the National Bureau of Statistics said Tuesday, down from 1% in February and missing economists’ expectations for it to stay flat in a Bloomberg poll. Producer prices dropped 2.5% in March, following a 1.4% decline in the previous month and in line with economists’ expectations. The figures suggest domestic demand has been weak even though the economy is recovering post-Covid. More supportive policies may be needed for the ... (full story)