Consumer inflation in China remained low last month, The Wall Street Journal reported Friday.
The consumer price index gained 1.4 percent year over year in March, matching its rise in February, data from the National Bureau of Statistics released Friday showed.
Food price inflation eased slightly after the Lunar New Year holidays. Food prices rose 2.3 percent year over year in March after increasing 2.4 percent in February.
Producer prices, however, remained firmly in deflation territory, where they have languished for more than three years.
“There is room for more easing measures — both fiscal and monetary policy — as inflation and economic growth are weak,” the newspaper quoted Shen Jianguang, an economist at Mizuho Securities Asia Ltd., as saying.
“Inflation pressure on food and nonfood prices is very weak.”
– Contact us at [email protected]