China’s CPI inflation softens to 0.1% YoY in March vs. 0.4% expected

China’s Consumer Price Index (CPI) rose 0.1% YoY in March after reporting a 0.7% growth in February. The market forecast was for a 0.4% increase.

Chinese CPI inflation came in at -1.0% over the month in March versus February’s 1.0% rise, much worse than the 0.5% decline expected.

China’s Producer Price Index (PPI) fell 2.8% YoY in March, compared with a 2.7% drop seen previously. The data matched expectations for a 2.8% decrease in the reported period.