Economy, Asia - Pacific
China's annual inflation below market expectation in March
Annual inflation at 0.1%, monthly reading at minus 1%
Gökhan Ergöçün |
11.04.2024 - Update : 11.04.2024
People walk in a shopping district on March 28, 2023 in Beijing, China.
ISTANBUL
Annual inflation in China fell short of market expectations last month with a reading of 0.1%, local media reported Thursday.
On a monthly basis, consumer prices fell 1% in March, state-run Xinhua News reported.
Food prices declined 2.7% in March on a yearly basis, with the price of eggs plunging 10.4%, fresh fruits 8.5%, beef 8.4%, and mutton 6%.
Non-food prices edged up 0.7% year-on-year, versus February's 1.1% increase.
The core consumer price index, which leaves out food and energy prices, rose 0.6% year-on-year in March.
China's producer price index also went down 2.8% year-on-year.
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