In March, due to the recurrence of the epidemic in China and the rise of international crude oil and grain prices, CPI was flat month on month and expanded year-on-year.
From a year-on-year perspective, CPI rose by 1.5%, an increase of 0.6 percentage points over the previous month.
Food prices fell by 1.5% year-on-year, 2.4 percentage points lower than that of the previous month, affecting the decline of CPI by about 0.28 percentage points. In food, the price of pork decreased by 41.4%, 1.1 percentage points lower than that of the previous month; The price of fresh vegetables increased by 17.2% from a decrease of 0.1% last month.
Non food prices rose by 2.2%, an increase of 0.1 percentage points over the previous month. Among non food products, the price of industrial consumer goods rose by 3.5%, an increase of 0.4 percentage points over the previous month. Among them, the price increases of gasoline, diesel and LPG all expanded.
The core CPI excluding food and energy prices remained stable, with a year-on-year increase of 1.1% in March, the same as that in February.
