China’s consumer inflation edged up in March as food prices rose despite signs the world’s second-largest economy is slowing.
Consumer prices rose 2.4 percent compared with a year earlier, up from February’s 2 percent rise, government data showed Friday. The increase was driven by a 4.1 percent rise in politically sensitive food costs.
Producer prices, measured as goods leave the factory, fell by 2.3 percent in a sign of weakening economic growth, the National Bureau of Statistics reported. It was their 25th straight month of decline.
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Associated Press via CHINA US Focus http://ift.tt/1qo92mF
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