Industry insiders predict that the CPI will decrease year-on-year in March, and the PPI will continue to experience negative growth year-on-year
Several industry insiders have predicted the CPI and PPI data for March. The interviewees generally believe that after the Spring Festival factor fades, prices of food items such as vegetables, fish, and meat will face a seasonal decline. The year-on-year CPI in March may decrease slightly but still remain positive; due to weak bulk prices in March, the year-on-year PPI will continue to be in negative growth range. Mingming, chief economist at CITIC Securities, predicts that the year-on-year CPI for March will be 0.48%, and month-on-month it will be -0.51%. Mingming believes that overall price levels are moderate and controllable.
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