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China March CPI unchanged at 2.3 percent year-over-year, below forecasts

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Reuters BEIJING

BEIJING (Reuters) - China's consumer price inflation in March was flat at 2.3 percent from a year earlier, the National Bureau of Statistics said on Monday, below market expectations.

Analysts polled by Reuters predicted the consumer price index (CPI) would rise 2.5 percent, compared with 2.3 percent the prior month.

Producer prices in March fell 4.3 percent from a year earlier, the statistics bureau said, compared with the previous month's fall of 4.9 percent.

The market had expected producer prices to fall 4.6 percent on an annual basis.

(Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong)

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First Published: Apr 11 2016 | 8:09 AM IST

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