BEIJING: Chinese inflation accelerated to 2.4 percent year-on-year in March driven by higher food prices, official data showed Friday, though economists warned there was still a risk of deflation.
The rise in the consumer price index (CPI) was up from the 2.0 percent seen in February but well below the 3.5 percent annual target set by Beijing and adds to unease about the economy after Thursday’s disappointing trade data.
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