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March producer prices in China fall 1.5%, most in 5 months

Consumer inflation rises at slowest since October as coronavirus damage lingers

A worker transports goods past a clothing wholesale market in Hangzhou, Zhejiang Province on March 1.   © Reuters

BEIJING (Reuters) -- China's factory gate deflation deepened in March, official data showed on Friday, with prices falling the most in five months, underlining broad economic damage wrought by the coroanvirus outbreak.

China's producer price index (PPI) fell 1.5% from a year earlier, according to data released by the National Bureau of Statistics. It compared with a median forecast of a 1.1% fall tipped by a Reuters poll of analysts and a 0.4% drop in February.

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