(Finance) – Chinese inflation and producer prices are still falling March 2024, with the deflationary pressures which therefore remain a major threat to the recovery of the large Asian economy.
According to the National Bureau of Statistics, theinflation recorded an increase trend by 0.1%, after +0.7% in the previous month and compared to the +0.4% expected by analysts.
Product prices food, tobacco and alcohol fell 1.4% year-on-year. Among food products, the price of eggs decreased by 8.9%, the price of fresh fruit decreased by 8.5%, the price of livestock meat decreased by 4.3% (of which the price from the pork meat decreased by 2.4%).
Compared to previous monthOn the other hand, consumer prices show a decrease of 1%, compared to -0.5% of the consensus, after the previous +1%.
They still brake producer priceswhich in March showed a year-on-year decrease of 2.8%, equal to expectations (-2.6%), compared to -2.7% in the previous month.