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Inflation rate expected to edge up in March

Consumer price index (CPI), a main gauge of inflation in China, is expected to see a marked increase in March, according to a research report. The CPI is likely to rise by 2 percent to 2.4 percent year-on-year in March, the Bank of Communications financial research center said in the report. That would be an acceleration from the 1.5-percent growth recorded in February. The report attributed the expected higher inflation to increased prices of pork, a staple meat in the country, and oil.