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China CPI Exceeds Forecasts as Covid Lockdowns Roil Supplies


China’s factory and consumer prices rose faster than expected in April as Covid lockdowns battered supply chains and pushed people to stockpile food. The producer price index rose 8% from a year earlier compared to 8.3% in March, official data showed Wednesday, above the median estimate of a 7.8% increase in a Bloomberg survey of economists. Consumer-price growth accelerated to 2.1% from 1.5% in the previous month, faster than a projected 1.8% gain.

Bloomberg - May 11, 2022

View the full story here: https://www.bloomberg.com/news/articles/2022-05-11/china-factory-inflation-exceeds-forecasts-consumer-prices-climb