China Consumer Inflation Pick Up Continues in March on Food Prices
- Food prices increase 7.6% on surging vegetables and pork
- PPI prices post first month-on-month increase since 2013
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China’s consumer prices remained buoyant last month on surging food prices and factory-gate deflation moderated.
The consumer-price index was at 2.3 percent in March from a year earlier, matching February’s level, as food prices jumped 7.6 percent. Producer price declines narrowed to 4.3 percent from a drop of 4.9 percent in February, and posted the first month-on-month increase since 2013. Shares of steelmakers gained.