China recorded inflation at 2.3% in March

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Consumer prices in China rose in March compared to the same month of 2018 by 2.3%. As shown by data from the National Bureau of Statistics, inflation accelerated compared with its February value of 1.5%. The largest price increase was recorded among food products, which grew in price by 4.1%. The rise in prices for non-food items was at the level of 1.8%, including the price of clothes, which rose by 2%, household goods - by 1.2%. Official data also showed a rise in producer prices last month by 0.4%, while a month earlier the figure rose by only 0.1%. Pressure on producer prices in March had an increase in the cost of oil. Data on consumer prices and producer prices coincided with market estimates.

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