China consumer prices drop 0.1% in March signaling rising deflationary pressures

From cnbc.com

Consumer prices in China slid 0.1% year on year in March, remaining in deflationary territory after having contracted 0.7% in February. Economists polled by Reuters had expected a flat reading compared to the same period last year. Producer prices saw a larger-than-expected decline, falling 2.5% year on year in March. This is the largest contraction since November 2024, and also marked the 29th straight month that producer prices have been in deflationary territory. The Reuters poll had expected a 2.3% contraction. The data comes as U.S. President Donald Trump ratcheted up tariffs on Chinese imports to 125% ... (full story)