India, April 10 -- China consumer prices declined for the second consecutive month in March amid trade tariffs set to increase supply and exacerbate downward pressure on prices.
Consumer prices dropped unexpectedly by 0.1 percent on a yearly basis, following the 0.7 percent fall in February, the National Bureau of Statistics reported Thursday. Prices were expected to remain flat in March.
Core inflation that excludes prices of food and energy came in at 0.5 percent. This has reversed a 0.1 percent fall in February.
Driven by ample supply, food prices fell 1.4 percent from the last year. On the other hand, non-food prices grew 0.2 percent in March. In the first quarter, consumer prices edged down 0.1 percent from the same period last year...