China March CPI 2.3% y/y (expected 2.3%) and PPI 0.4% y/y (expected 0.4%)

Inflation data from China for Match 2019

March CPI 2.3% y/y … a reading inline with the consensus median estimate

• expected 2.3% y/y, previous was 1.5%
• food CPI +4.1% y/y, no-food +1.8% y/y
• At 2.3% is the quickest pace since October of 2018

March PPI 0.4% y/y … also inline

• expected 0.4% y/y, previous 0.1%

--

Background here (like, why has CPI jumped so much tfor the month …):

• Data from China due Thursday - preview of March CPI and PPI