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)