Mumbai, April 10 -- China's factory-gate prices rose for the first time in more than three years while consumer inflation moderated in March, amid a surge in oil prices as the Iran war upended global energy markets.
The producer price index grew 0.5% from a year earlier, the first growth since September 2022, ending the longest deflationary streak in decades. For the first quarter, the PPI fell 0.6% year on year.
Consumer prices climbed 1% in March from a year earlier, slowing from a 1.3% rise in February, according to data released by the National Bureau of Statistics on Friday.
Core CPI, which excludes volatile items like food and energy, grew 1.1% in March from a year earlier.
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