China's consumer price index up 0.4% in March
China DailyA woman buys pineapples in a supermarket in Beijing. China's consumer price index, a main gauge of inflation, grew by 0.4 percent year-on-year last month, versus a 0.2 percent decline in February, the National Bureau of Statistics said on Friday. The CPI reading picked up as non-food prices rose amid the rally in international commodity prices and recovering service prices while the effect of last year's high comparison base abated, the NBS said. Non-food prices increased by 0.7 percent year-on-year in March, versus a 0.2 percent decline in the previous month, with industrial consumer goods growing for the first time in the past year due to rising oil prices, the bureau said. As pork prices further declined, food prices dropped by 0.7 percent year-on-year last month, compared with a 0.2 percent decline in February.