China faces possible inflationary spillovers, though its massive strategic stockpiling onshore and diversified sources of energy provided some cushion.

CPI growth may ease as post-holiday demand softens, according to Caixin survey

The producer price index rose by 0.5 per cent in March, the first increase since 2022, as soaring global commodity prices affected Chinese firms.

China faces possible inflationary spillovers, though its massive strategic stockpiling onshore and diversified sources of energy provided some cushion.

Rolling coverage of the latest economic and financial news

The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.

Analysts and industry insiders say higher costs are squeezing margins, with some of China’s wary industrial heartland compelled to make day-to-day purchases.