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China’s consumer price index (CPI), a main gauge of inflation, rose 2.3 p
ear-on-year in March, the National Bureau of Statistics (NBS) said Thursday. The increase was up from 1.5 percent in February.
Food prices climbed 4.1 percent year-on-year in M
arch, up from 0.7 perc ent in February, yet on a month-on-month basis food prices went down 0.9 percent, the NBS said.
Due to low vegetable yields in spring and cold rainy weather, prices of fresh vegetab
les posted a fast growth of 16.2 perce nt year-on year in March, contributing 0.42 percentage points to the year-on-year CPI growth.
The growth of the pork price rebounded after declining for 25 consecutive months
, rising 5.1 percent year-on-year in March. On a month-on-month basis, the pork price moderately went up 1.2 percent on average nati
onwide as outbreaks of African swine fever were gradually contained, according to the NBS.