China consumer, wholesale inflation tops estimates in April as Iran war drives energy costs higher

Government

China's consumer and producer inflation jumped more than expected in April as the Middle East conflict drives commodity costs higher, offering a reflationary boost to the economy. Consumer prices ticked up 1.2% in April from a year earlier, beating economists' estimates of 0.9% growth in a Reuters poll, and accelerating from a 1% rise in March, according to data released by the National Bureau of Statistics on Monday. The producer price index jumped 2.8% from a year ago, exceeding economists'

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