China’s consumer and producer inflation increased in March, according to figures released by the National Bureau of Statistics on Monday.
The consumer price index (CPI) rose 1.5% in March, from the same month of last year. The market expectation for CPI was an increase of 1.2% year-on-year.
The producer price index (PPI) jumped 8.3% in March, compared to the same month of the previous year. The market estimate for PPI was a gain of 7.9% annually.
Gains in CPI and PPI come at a time when China is dealing with the worst wave of COVID-19 since the beginning of the coronavirus pandemic.
China on Sunday reported over 1,300 confirmed coronavirus infections and more than 25,000 asymptomatic cases, according to the National Health Commission (NHC).
The financial hub Shanghai, which remains under a strict lockdown, accounted for 23,937 of the 25,111 asymptomatic cases reported across China over the past 24 hours, according to the daily NHC update.
Source: Anadolu Agency