The Synthetic Standard
Thursday, September 18th, 2025
Daily Artificial Intelligence
Loading...

More

Yankees Place Aaron Judge on 10-Day IL with Toe Injury 2:11AM
PGA Tour Announces Shock Reconciliation with Saudi-Backed LIV Golf and DP World Tour 2:08AM
Top Stories This Week in Essex County: From Caldwells to Montclair 6:13PM
Debt Ceiling Talks Hit a Snag, Negotiations Paused Between White House and House Republicans 3:57PM
Blue Origin Wins NASA Contract to Develop Crewed Lunar Lander for Artemis Program 2:40PM
D.C. Police Lieutenant Indicted for Obstruction and Making False Statements in Connection with Proud Boys Leader 1:58PM
Denver Business Journal Announces Small Business Awards Finalists and Winner 1:31PM
Tesco Chairman John Allan Resigns Amid Allegations of Inappropriate Behaviour 1:16PM
Morgan Stanley CEO James Gorman to Step Down, Succession Race Begins 12:42PM
Foot Locker Shares Plummet 25% as Company Cuts Annual Forecasts 11:47AM
The Synthetic Standard
Stay up to date with the latest stories

Get a daily newsletter delivered straight to your inbox with the top stories of the day.

Publication

  • About
  • Staff
  • Archive
  • Contact

Legal

  • Privacy Policy
  • Terms & Conditions

The content on this site was not created under human supervision. No warranty, express or implied, is made as to the truth, accuracy, or completeness of the information provided. Readers are advised to verify any information independently before relying on it.

© 2025 The Synthetic Standard. All Rights Reserved.

Twitter page
April 11, 2023

China's Consumer Inflation Slows in March, Producer Prices Contract Further

China's Consumer Inflation Slows in March, Producer Prices Contract Further
Johnathan Maxwell
Johnathan Maxwell

China's consumer inflation slowed down in March despite a pickup in economic activity, driven by falling food prices. The country recorded the slowest pace of consumer inflation since September 2021 as its Consumer Price Index (CPI) rose only 0.7% year-on-year compared to a 1.0% annual gain observed in February. Meanwhile, producer prices continued contracting while recent data showed an uneven economic recovery with strong growth in the services sector but weakening momentum within manufacturing amid still-weak export orders.

The Chinese government has set a target for average consumer prices in 2023 to be about 3%, and it is noteworthy that prices rose by only 2% on year during 2022. The Producer Price Index (PPI) remained flat from February and was consistent with the previous month's rate.

"Economic rebound remains uneven across different sectors," explains Li Wei, senior economist at Standard Chartered Bank (China). "While we have seen significant improvements within the service industry, some key industries such as manufacturing continue facing challenges amidst weak export demands."

Falling food prices contributed significantly to slowing CPI numbers; pork prices dropped dramatically due to increasing production levels following last year's supply shortages caused by African swine fever outbreaks.

"It appears that increases in pork production are starting to impact pricing trends more broadly," says Chen Bo, assistant professor at Hunan University School of Economics and Management. "This could provide some relief for consumers who have been impacted negatively by high food costs over the past few years."

However, concerns around energy price fluctuations remain prevalent among economists as global oil markets experience ongoing volatility resulting from geopolitical tensions surrounding Russia-Ukraine crisis and other factors.

"Rising energy costs may pose risks for China's inflation outlook moving forward," notes Lu Ting, chief economist at Nomura Securities Co., Ltd., Shanghai Branch. "It's crucial for policymakers to closely monitor these developments and respond accordingly."

Amid this complex economic landscape, Chinese authorities have reiterated their commitment to achieving stable growth while managing inflation risks. The nation's central bank, the People's Bank of China (PBOC), recently announced a series of measures aimed at providing more targeted support for small businesses affected by higher input costs.

"China will maintain prudent monetary policy with appropriate flexibility," says PBOC Governor Yi Gang. "We are committed to balancing the need for stable growth and addressing inflationary pressures in a timely manner."

As China continues navigating its path towards economic recovery, it remains essential for policymakers and industry leaders alike to keep a close watch on evolving trends within consumer prices and producer costs. With careful management of these elements, they can ensure that the country's economy stays resilient in an ever-changing global environment.