China March PPI falls 1.5% y/y, biggest drop in 5 months; CPI +4.3% y/y


Reuters | Beijing | Updated: 10-04-2020 07:17 IST | Created: 10-04-2020 07:17 IST
China March PPI falls 1.5% y/y, biggest drop in 5 months; CPI +4.3% y/y
  • Country:
  • China

China's factory gate prices fell 1.5% March year-on-year, data showed on Friday, marking the sharpest decline in five months and suggesting the economy remains some way off from mounting a durable recovery from the coronavirus shock that shut down the country.

The producer price index reading, published by the National Bureau of Statistics, compared with a median forecast of a 1.1% fall tipped by a Reuters poll of analysts and a 0.4% drop in February. March's downturn was also the sharpest drop since the 1.6% decline in October 2019.

Consumer inflation rose 4.3% in March from a year earlier, the statistics bureau data also showed, compared with a 4.8% rise tipped by a Reuters poll and a 5.2% rise in February. This marked the slowest rate since a 3.8% rise in October 2019.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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