China April CPI 1.2% y/y (expected 0.8%, prior 0.1%)

Inflation data from China for April 2026.

CPI 1.2% y/y

• expected 0.8%, prior 0.1%

CPI 0.3% m/m

• expected -0.1%, prior -0.7%

Core CPI 1.2% y/y

• prior 1%

PPI 2.8% y/y (45 month high)

• expected 1.5%, prior 0.5%
• PPI +1.7% m/m

I'll have more to come on this separately