March CPI shows sharp rise in vegetable prices
China’s consumer price index rose 1.5% year on year in March, up from 0.9% in February.
Pork prices were down 41.4% y/y which contributed to a drop of 0.83% to the total CPI figure.
Beef prices were flat, mutton fell 4.6%, and aquatic products rose 4.2%.
For other food items, prices all firmed. Eggs jumped 7% y/y, milk was up 0.4%, fresh fruit gained 4.3%. Fresh vegetable prices were up by 17.2%, contributing a rise of 0.37% to CPI.
Due to the decli...