China's CPI up 2.4 percent in March

China's consumer price index (CPI), a main gauge of inflation, increased 2.4 percent year on year in March, up from 2 percent in the previous month, official data showed on Friday.

The acceleration in inflation was mainly attributed to faster growth of food prices, which account for nearly one-third of the weighting in the calculation of China's CPI.

Food prices gained 4.1 percent and contributed to 1.35-percentage-point of March's CPI growth, according to figures from the National Bureau of Statistics (NBS).

CPI rose 2.3 percent in the first quarter from a year earlier, said the NBS.

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