China’s factory-gate prices slip deeper into deflation, consumer inflation hit lowest since October last year

 

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China’s factory-gate prices slipped deeper into deflation in March as companies' activity continued to suffer from the impact of the coronavirus outbreak.

The country's consumer inflation eased last month and analysts say that consumer prices are expected to decline further and could also dip into deflation in the second half of this year due to falling oil prices and weak demand.

China’s Producer Prices Index (PPI), reflecting the prices that factories charge wholesalers for their products, fell 1.5 per cent in March from a year earlier, showed data released by . . .

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