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March Asian Inflation Moderates

ASIA

Most Asian countries saw a moderation in inflation in March with China posting one of the largest. Non-Japan Asian headline moderated to 1.7% from 2.1% with core at 1.0% from 1.5% but excluding China the regional moderation was more muted and inflation more elevated at 3.6% down 0.1pp and 2.0% down 0.2pp as food and fuel prices remain problematic. While headline remains high, core is contained and unlikely to worry most central banks with the focus in the region on currency weakness.

Non-Japan Asia ex China CPI y/y%

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Most Asian countries saw a moderation in inflation in March with China posting one of the largest. Non-Japan Asian headline moderated to 1.7% from 2.1% with core at 1.0% from 1.5% but excluding China the regional moderation was more muted and inflation more elevated at 3.6% down 0.1pp and 2.0% down 0.2pp as food and fuel prices remain problematic. While headline remains high, core is contained and unlikely to worry most central banks with the focus in the region on currency weakness.

Non-Japan Asia ex China CPI y/y%

Keep reading...Show less