China's CPI stays mostly flat in March
China's inflation remained generally stable in March despite sporadic domestic resurgences of COVID-19 and bulk commodity price hikes in the international market, official data showed on Monday.
China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year on year in March, the National Bureau of Statistics (NBS) said Monday. The figure was higher than the 0.9-percent year-on-year growth recorded in February.
A breakdown of the data showed that food prices saw contraction narrow to 1.5 percent year on year, dragging the CPI down by 0.28 percentage points.
Specifically, the price of pork, a staple meat in China, slumped 41.4 percent year on year, compared with a 42.5-percent decrease a month ago.
However, the price of fresh vegetables, which skidded 0.1 percent in February, saw a 17.2-percent increase last month.
Non-food prices rose 2.2 percent from a year earlier, contributing about 1.77 percentage points to the CPI growth.
The core CPI, which excludes food and energy prices, gained 1.1 percent year on year, flat with a month ago.