China's factory-gate prices rose for the first time in more than three years while consumer inflation moderated in March, amid a surge in oil prices as the Iran war upended global energy markets. The producer price index grew 0.5% from a year earlier, the first growth since September 2022, ending their longest deflationary streak in decades. For the first quarter, the PPI was down 0.6% year-on-year. Consumer prices climbed 1% in March from a year earlier, missing economists' forecast of 1.2%

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