China’s CPI up 2.3%, PPI gain 0.4% in March, broadly within expectations
March's consumer prices and producer prices did not surprise as the African swine fever drove the prices of pork higher while the rebounding factory prices reflected green shoots of an economy on a recovery.
Consumer prices and producer prices in China were broadly in line with expectations for March, bearing no surprises as the African swine fever drove the prices of pork higher while the rebounding factory prices reflected green shoots of an economy on a recovery.
The Consumer Price Index (CPI) for March was up 2.3% from a year ago, higher than the 1.5% gain in the previous month, China’s National Bureau of Statistics said on Thursday. Analysts had expected a 2.3% gain for March.
Prices of industrial products for the domestic market firmed up slightly from the previous month, with the Producer Price Index up 0.4% in March on a year-on-year basis, in line with market expectations. In February, producer prices were at a positive 0.1%.
Experts had predicted for a bigger jump in CPI from February to March due to higher food prices for food items such as pork and higher oil prices.
Meanwhile, producer prices were expected to increase due to higher commodity prices.
China’s consumer inflation target for this year is at around 3.0%, in the same pace of increase as the previous year.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only
