China: Inflation stabilizes in March
April 11, 2016
In March, consumer prices were down 0.4% over the previous month, which contrasted the 1.6% increase tallied in February. The reading, which marked a 12-month low, mainly reflected much lower prices for food, tobacco and liquor, transportation and communication, as well as for education, culture and recreation.
Inflation stabilized at February’s 2.3% in March, which undershot the 2.4% that market analysts had expected. The trend continued to point upward in March, with annual average inflation inching up from last month’s 1.6% to 1.7%.
Meanwhile, the producer price index fell 4.3% in March over the same month last year, which represented a 15-month high. The print was above both February’s 4.9% decline and the 4.6% drop that market analysts had anticipated. The annual average variation of the producer price index stabilized at February’s minus 5.3% in March.