In China the rate of inflation in March rose to 2.4%

In China the rate of inflation in March rose to 2.4%

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In China, inflation accelerated in March to 2.4% in annual terms, versus a 2% increase in February , confirms the data published on Friday , April 11 , the State Statistical Office of the country.

Economists polled by Bloomberg, on average forecast inflation at 2.4%.

Food rose 4.1% potrebtseny excluding food rose 1.5 %.

According to the aims of the Government of China , inflation in 2014 should not exceed the level of 3.5%.

Because of this , Chinese authorities can implement a program to stimulate the economy without regard to the acceleration of growth in consumer prices , analysts said.

By the end of last year, inflation stood at 2.6%. Producer prices in China fell in March by 2.3 % in terms of annual growth , the rate of decline in February amounted to 2% and exceeded the forecasts of experts .

Drop in producer prices in China, there is already the 25th month in a row – the longest period during the last 15 years.

In China, the volume of both exports and imports declined in March , while the Prime Minister Li Keqiang said that the government will take more policy measures to support growth while avoiding larger incentives.

According to traders , the People’s Bank of China intends to inject 55 billion yuan ($ 8.9 billion ) through its regular open market operations , after 62 billion yuan introduced last week.

This is the first time since , as the Central Bank of China has poured liquidity in the last week in January , when the regulator has issued 75 billion yuan of commercial lenders .

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