China Inflation Rises as Lockdowns, Ukraine War Drive Up Prices

Inflation in China picked up in March as soaring global commodity prices and lockdowns in major cities drove up prices for consumers and businesses. The overall inflationary picture in China remains far more benign than in the U.S. and other major economies, though, giving the government and central bank ample room to support the slowing economy with stimulus. The inflation data highlight how China’s stringent pandemic control measures are increasingly affecting consumer prices