China Consumer and Producer Inflation Pace Quickens in March

Inflation in China came in higher than expected levels for both the consumer and producer in March. CPI 0.4% y/y (vs. expected 0.3%) & PPI 4.4% y/y ( vs. expected 3.6%) the quickest pace of increase since 2018. 

Chinese Vegetables

China Inflation March 2021

Consumer price index

  • CPI 0.4% y/y, vs expected 0.3% y/y, prior – 0.2% for the m/m at -0.5%
  • This was the highest reading since October 2020.
  • On a monthly basis, consumer prices fell by 0.5 percent in March, reversing from a 0.6 percent rise in February.
China Inflation Rate

Producer Prices Index

  • PPI 4.4% y/y, expected 3.6% y/y, prior 1.7% +1.8% m/m
  • Quickest pace of increase since 2018
China Producer Prices Change

From The Traders Community News Desk