China's CPI Falls 0.7% MoM in March, PPI Sees Largest Increase in 48 Months

Published: Apr 12, 2026 22:28

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After the Chinese New Year holiday ended, consumer demand saw a seasonal pullback in March. Against this backdrop, China's Consumer Price Index (CPI) fell 0.7% MoM but still rose 1% YoY, with core CPI up 1.1% YoY. Meanwhile, the Producer Price Index (PPI) rose 1% MoM, maintaining an upward trend for six consecutive months and hitting the largest increase in 48 months; PPI was up 0.5% YoY, marking the first increase after 41 consecutive months of decline.

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