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China’s CPI rise defies expectations as higher food costs bite

China’s inflation rate rebounded more than expected in March due to higher food costs, making it trickier for the world’s second-largest economy to add growth-supportive measures.

The Consumer Price Index, the main gauge of inflation, rose 3.6 percent from a year earlier last month, the National Bureau of Statistics said on Monday.

It was up from February’s 3.2 percent and more than the previous market expectation of 3.5 percent.

(Source: Shanghai Daily)