China’s consumer price index grew in March by 0.1 per cent, year on year, while factory-gate prices fell for 18th straight month, data released on Thursday showed.
China’s consumer price index (CPI) turned positive for the first time since September, while the producer price index (PPI) fell for the 17th month in a row.
As China prepares for its annual legislative sessions, the methods used last year to prop up economic growth appear less reliable than before, prompting calls for a large-scale re-evaluation of policies and prospects.
According to official data published by the National Bureau of Statistics, China s consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.