China’s consumer price index (CPI), a main gauge of inflation, rose 0.7 percent year on year in March, the National Bureau of Statistics (NBS) said Tuesday.
The figure was lowered than the 1-percent increase in February. On a monthly basis, the consumer prices edged down 0.3 percent, narrowing 0.2 percentage points from the month-on-month decline in the previous month, stated the NBS.
Dong Lijuan, a statistician with the NBS, attributed the mild inflation largely to the ample supply in the consumer market as the social production and living order continued to recover in March.— Xinhua
