China’s March inflation eases to 2.1%
BEIJING—China’s inflation declined in March, easing pressure on consumers but fueling questions about the strength of its recovery.
Government data Tuesday showed consumer prices rose 2.1 percent, down from the previous month’s 3.2 percent and well below the official target for the year. Wholesale prices declined by 1.9 percent compared with last year.
The decline in inflation suggests consumer demand is still lackluster despite a rebound in economic growth in the final quarter of last year.
China’s recovery has been underpinned by government spending and bank lending, while consumer spending is growing more slowly than authorities want.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94