China’s consumer price inflation increased 2.4-percent in March year on year, while factory prices continue to deflate, indicating weak demand and a cooling economy.
March's 2.4-percent CPI reading was more than the 2 percent increase in February but just below the median forecast. Fresh food prices led the gains, though analysts say food inflation is showing signs of moderating. For the first quarter of 2014, the consumer price index climbed 2.3 percent annually, below this year’s government target of about 3.5 percent.
Meanwhile, the producer prices index was down in annual terms for the 25th straight month, dropping 2.3 percent. That dip was slightly more than expected. But, one research note says, the prices of goods in China will remain stable this year.
Source: CCTV
March's 2.4-percent CPI reading was more than the 2 percent increase in February but just below the median forecast. Fresh food prices led the gains, though analysts say food inflation is showing signs of moderating. For the first quarter of 2014, the consumer price index climbed 2.3 percent annually, below this year’s government target of about 3.5 percent.
Meanwhile, the producer prices index was down in annual terms for the 25th straight month, dropping 2.3 percent. That dip was slightly more than expected. But, one research note says, the prices of goods in China will remain stable this year.
Source: CCTV
