China CPI Jumps as Middle East Crisis Pushes Energy Costs Higher

AI Briefing

• – China's consumer inflation accelerated to 1.2% in April, exceeding analyst estimates, as the Middle East crisis drove a surge in energy prices.
• – The CPI, which excludes food and energy prices, also accelerated to 1.2% in April from a year earlier.
• – The acceleration in inflation tops the 1% annual inflation in March.