CPI Still in Deflation, PPI Decelerates

The CPI spent its second consecutive month in deflation. As was the case last year, if you strip out the Spring Festival price bump, consumer prices are in deflation.
More important for the global economy is the PPI. Chinese producer price inflation is set to end next month if the current trend holds. Price data from the first 10 days of the month shows the trend holding.

NBS: 2017年3月份居民消费价格同比上涨0.9%
NBS: 2017年3月份工业生产者出厂价格同比上涨7.6%

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