$CNIRYY - China CPI (March/2026)

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CNIRYY
March/2026
source: National Bureau of Statistics of China
снимок

- China’s annual inflation eased to 1.0% in March 2026 from February’s over three-year high of 1.3%, falling short of market expectations of 1.2%.
Food prices rose at a much softer pace (0.3% vs 1.7% in February), amid a sharp slowdown in fresh vegetables and fruit, alongside a steeper fall in pork prices.

Meanwhile, non-food inflation was little changed (1.2% vs 1.3%), with prices continuing to rise for clothing (1.6% vs 1.9%), healthcare (1.9% vs 1.9%), and education (1.1% vs 2.0%). Transport costs rebounded (0.9% vs -0.7%), while a decline in housing costs persisted (-0.2% vs -0.2%).

Core inflation, excluding food and energy, rose 1.1% yoy, after a 1.8% gain in February, which had pointed to the strongest gain since March 2019.
China recently imposed controls on domestic fuel prices to cushion households and businesses against higher oil costs.

Monthly, the CPI fell 0.7%, after a 1.0% gain in February, marking the first drop since November and undershooting forecasts of a 0.2% drop.

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