China’s Inflation Stays Below Target as Producer Prices Drop
This article is for subscribers only.
Consumer inflation in China remained below the government’s target in March while factory-gate deflation deepened, giving Premier Li Keqiang more scope to roll out measures to support growth.
The consumer price index rose 2.4 percent from a year earlier, the National Bureau of Statistics said today in Beijing, matching the median estimate of economists in a Bloomberg News survey. The producer price index fell 2.3 percent, after a 2 percent drop in February, extending the decline to 25 months.