China’s Poor CPI, Factory-Gate Deflation Disappoint Analysts

China’s Poor CPI, Factory-Gate Deflation Disappoint Analysts
People walk at a shopping mall in Beijing on Jan. 16, 2024. Pedro Pardo/AFP via Getty Images
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News Analysis

Consumer inflation in China fell more than expected in March, and producer price deflation persisted, disappointing analysts and reinforcing the fact that a protracted housing crisis continues to weigh severely on consumer and business confidence.