Xinhua
10 Apr 2026, 14:46 GMT+10
BEIJING, April 10 (Xinhua) -- China's consumer prices recorded a mild increase in March, while factory gate prices returned to growth for the first time in more than three years, driven by imported inflationary pressures, official data showed on Friday.
The consumer price index (CPI), a main gauge of inflation, rose 1 percent year on year last month, according to the National Bureau of Statistics (NBS).
On a month-on-month basis, CPI fell 0.7 percent in March, which NBS statistician Dong Lijuan attributed to seasonal moderation following the Spring Festival holiday.
The core CPI, which excludes food and energy prices, increased 1.1 percent year on year.
A breakdown of the data showed that industrial goods prices climbed 2.2 percent year on year, contributing 0.67 percentage points to the CPI increase. This was underpinned by a 65.8-percent surge in gold jewelry prices, while gasoline prices returned to growth with a 3.8-percent gain.
Service sectors saw moderated price growth. Travel agency services, hotel accommodation, air tickets, and vehicle rentals saw increases ease to 0.9 to 3.3 percent year on year, while pet services, vehicle repairs and maintenance, domestic services, and dining out rose by 1.2 to 1.6 percent year on year.
Regarding the monthly decline, food prices played a major role, sliding 2.7 percent from February and dragging the CPI down by 0.48 percentage points. Fresh vegetables and fruit prices dropped 10.1 percent and 3.3 percent, respectively, due to increased supply from warmer weather and a post-holiday dip in demand.
Service prices declined 1.1 percent month on month, reversing a 1.1-percent rise registered in February, knocking 0.51 percentage points off the monthly CPI reading.
China has set a CPI growth target of around 2 percent for 2026, according to this year's government work report.
Friday's data also showed that the producer price index (PPI), which measures costs for goods at the factory gate, returned to year-on-year growth in March, ending a 41-month streak of decline, according to the NBS.
The PPI rose 0.5 percent year on year in March, reversing a 0.9-percent drop in February.
The turnaround was mainly due to imported inflationary pressures and improved supply-demand dynamics in some domestic industries, Dong added.
Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationMILAN/ROME: A new model of senior living is quietly reshaping how Italy cares for its aging population, as longer lifespans and changing...
After years of military occupation, the Christ the King Cathedral in Loikaw, Myanmar, has been returned to the faithful and priests,...
TOKYO, Japan: The collapse of aging cherry blossom trees in Tokyo has raised safety concerns during Japan's peak hanami season, even...
BEIJING, April 10 (Xinhua) -- China's consumer prices recorded a mild increase in March, while factory gate prices returned to growth...
New Delhi [India], April 10 (ANI): Purchases of term insurance by Non-Resident Indians (NRIs) from India have doubled over the past...
Balochistan [Pakistan] April 10 (ANI): A new series of alleged enforced disappearances in Balochistan and Karachi has intensified concerns...
LOS ANGELES, California: Jasveen Sangha, better known as the woman who sold actor Matthew Perry the ketamine that killed him in 2023,...
WASHINGTON, D.C.: Former Attorney General Pam Bondi will not appear for a scheduled deposition next week before a House committee investigating...
DUBAI, U.A.E.: The ceasefire in the war in Iran staggered on April 9 under the weight of Israel's bombardment of Beirut, Tehran's continued...
ATHENS, Greece: Greece will introduce a nationwide ban on social media use for children under 15 from 2027, as the government moves...
JERUSALEM, Israel: Prime Minister Benjamin Netanyahu said Wednesday that Israel backed the U.S. ceasefire with Iran, but tnsisted it...
BRUSSELS, Belgium: Human traffickers have begun using Belgium's shoreline to transport migrants to Britain since France tightened controls...
