China’s April inflation data beats across board as energy costs reshape price landscape | investingLive
China’s April PPI jumped 2.8% year-on-year, a 45-month high and well above forecasts, while CPI rose 1.2%, as Iran war energy costs end a 41-month deflationary streak. Summary: China’s producer price index rose 2.8% year-on-year in April, the highest reading since July 2022 and well above Reuters poll forecasts of 1.6%, ending a 41-month consecutive…