China consumer inflation falls below 1% in March

By Agence France-Presse

Apr 12, 2023 12:20 am

BEIJING: China's consumer price inflation fell below 1 percent in March, official figures showed Tuesday, a sign of weak demand as the world's second-largest economy tries to recover from its pandemic-driven slump.

The March consumer price index the main gauge of inflation came in at 0.7 percent, down from the 1 percent seen a month earlier, according to the country's National Bureau of Statistics.

WEAK DEMAND A customer shops for vegetables at a supermarket in Hangzhou, in China’s eastern Zhejiang province, on Tuesday, April 11, 2023. It is reported China’s consumer price index for March fell below 1 percent as the country recovers from the Covid-19 pandemic. AFP PHOTO

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