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China March CPI unchanged at 2.3% y-o-y, below forecasts

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China's consumer price inflation in March was flat at 2.3 per cent from a year earlier, the National Bureau of Statistics said on Monday, below market expectations.

[BEIJING] China's consumer price inflation in March was flat at 2.3 per cent from a year earlier, the National Bureau of Statistics said on Monday, below market expectations.

Analysts polled by Reuters predicted the consumer price index (CPI) would rise 2.5 per cent, compared with 2.3 per cent the prior month.

Producer prices in March fell 4.3 per cent from a year earlier, the statistics bureau said, compared with the previous month's fall of 4.9 per cent.

The market had expected producer prices to fall 4.6 per cent on an annual basis.

REUTERS

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