March data for China’s price rises were released this morning and came in below February’s and below forecasts. Producer prices rose in the year to end-March at 3.1 per cent from 3.7 per cent the previous one, a 17-month low. Consumer prices dropped by 1.1 per cent during the month of March taking the annualised rate down to 2.1 per cent from 2.9 per cent in February. Core consumer prices, which strip out volatile items like fresh food and energy, rose by 2 per cent Y/Y versus 2.5 per cent in February.
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