China consumer inflation stable at 2.3% in March

China's consumer inflation was steady at 2.3 percent year-on-year in March, official data showed Monday, a sign of stabilisation for the world's second-largest economy. The rise in the consumer price index (CPI) released by the National Bureau of Statistics was the same as February's 2.3 percent, and slightly below market forecasts of 2.4 percent in a survey by Bloomberg News. Moderate inflation can be a boon to consumption as it pushes buyers to act before prices go up, while falling prices enc