CHINA consumer inflation hit an 18-month low and factory-gate price declines increased in March as demand stayed persistently weak, Reuters reported.
This encouraged policymakers to take steps to support the uneven economic recovery as China's retail and producer inflation remained low. Analysts now think consumer inflation could fall short of Beijing's official estimates this year.
The consumer price index (CPI) rose 0.7 per cent year on year, the slowest pace since September 2021 and weaker than the one per cent gain in February, said the National Bureau of Statistics (NBS). The result fell short of the one per cent rise cited in a Reuters poll.
Said Guotai Junan International economist Zhou Hao: 'China's March inflation report suggests that the Chinese economy is running a disinflation process, which points to bigger room for monetary policy easing to boost demand.'
SeaNews Turkey
This encouraged policymakers to take steps to support the uneven economic recovery as China's retail and producer inflation remained low. Analysts now think consumer inflation could fall short of Beijing's official estimates this year.
The consumer price index (CPI) rose 0.7 per cent year on year, the slowest pace since September 2021 and weaker than the one per cent gain in February, said the National Bureau of Statistics (NBS). The result fell short of the one per cent rise cited in a Reuters poll.
Said Guotai Junan International economist Zhou Hao: 'China's March inflation report suggests that the Chinese economy is running a disinflation process, which points to bigger room for monetary policy easing to boost demand.'
SeaNews Turkey