China’s CPI March 2023

According to the latest data released by the National Bureau of Statistics, China's consumer price index (CPI), a leading indicator of inflation, rose by 0.7 per cent year-on-year in March, down from 1 per cent in February.

On a month-on-month basis, March’s CPI declined by 0.3 per cent, compared with a 0.5 per cent increase in February.

Additionally, the data showed that China's producer price index (PPI), which measures factory-gate prices, fell by 2.5 per cent year-on-year in March after a contraction of 1.4 per cent in February.