China's CPI/PPI results - UOB

China’s consumer price inflation rose less than expected in March, flattening out after a four-month strengthening trend.

Key Quotes:

"...but wholesale prices remained stubbornly in deflation."

"CPI in March rose 2.3%y/y, below consensus forecast of 2.5% but equal to February’s increase of 2.3%, as food prices jumped 7.6%."

"Producer prices fell 4.3%y/y in March, extending their decline to a full four years, but at a slower rate than forecasts of a 4.6% decline and the 4.9% drop in Feb, as prices remain weighed down by weak commodity prices and overcapacity in key industrial sectors."