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
- Motivations and prospects for central bank digital currency
- The Belt and Road Initiative 2019 Survey – A new driver for globalisation?
- Central bankers call for ‘practical action’ to tackle climate risks
- Fintech and the future – Improving financial literacy
- ‘They could do nothing’: insights into political interference at the Fed