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China's inflation rebounds in March

Updated: 2012-04-09 14:37

(chinadaily.com.cn)

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China's consumer price index (CPI), a main gauge of inflation, expanded 3.6 percent year-on-year in March, the National Bureau of Statistics (NBS) said Monday.

The growth represents a climb from the 3.2-percent rate registered in February, the lowest pace in 20 months.

Food prices, which account for nearly one-third of the weighting in the calculation of China's CPI, increased 7.5 percent last month from one year earlier.

Surprising investors who had bet on cooling price pressures to give Beijing room to ease monetary policy.

 
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