China’s consumer inflation was 2.3% in March amid surging food prices, the highest level in five months, the National Bureau of Statistics said on Thursday.
Producer inflation also edged up to 0.4%, bucking the declining trend since late 2017. The producer price index (PPI) in March was driven largely by rapid rises in oil and gas prices, official data showed.
The step-up of China’s key inflation figures came after months of monetary easing. There may be room for the central bank to continue