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Last Week’s Highlights
China’s Consumer Prices Drop to a 5-month Low
The latest consumer prices data from China released last week saw inflation easing to a five-month low in March. The declines were due to the COVID-19 outbreak which saw reduced household demand.
Data from the National Bureau of Statistics showed that headline inflation rose 4.3% on the year in March 2020. This was slower than the 5.2% increase in February.
Economists forecast that inflation would slip to 4.9% during the period ending March. Core inflation, excluding food and energy prices, grew at a rate of 1.2% in March, up from 1.0% in the previous month.
US Consumer Prices Slip Slightly in March
The monthly inflation report from the US saw consumer prices easing slightly lower in March. Data from the US Labor Department saw consumer prices falling by 0.4%. This was down from a 0.1% increase in February.
Inflation held steady for two months in January and February this year. Energy prices fell 5.8% in March, follow...
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