Compared to December, consumer prices fell 0.3%, following a 0.2% decline the previous month. Forecasts called for a monthly drop of 0.2%. A separate gauge of factory-gate prices known as the producer price index (PPI) 7.6% in the 12 months through March, matching forecasts. Producer inflation surged 7.8% in February, the biggest expansion since the financial crisis. Producer prices have risen in each of the last seven months, overcoming more than four years of deflation.
China's CPI weakend in March
Chinese consumer prices weakened further in March, but were little changed compared to a year ago, while producer prices rose at a steady pace. Beijing’s official consumer price index (CPI) rose 0.9% from a year ago, after slowing to 0.8% in February, the National Bureau of Statistics said in a report on Wednesday. Analysts in a median estimate called for a year-over-year gain of 1.1%. Consumer inflation has weakened sharply over the past two months after recording its strongest expansion since mid-2014.
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