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Chinese consumer inflation came in a little under forecast on-year in March, while producer price
s were slightly better than expected.
The consumer price index (CPI) rose 2.3 percent on-year in March, compared to a 2.5 percent forecast by a Reuters poll and in line with February's 2.3 percent on-year reading. Consumer inflation was down 0.4 percent on-month.
"The real focus will be on food inflation," Angus Nicholson, market strategist at IG, said ahead of the data drop. Food price CPI jumped 7.6 percent in March compared to the same period a year ago.