How worried should investors be about China inflation?
Chinese inflation is back in focus for investors as factory gate prices surge on the back of the nation’s rapid recovery from the coronavirus pandemic.
April’s consumer price index, out on Tuesday, is expected to show a rise of 1 per cent year on year, according to economists surveyed by Bloomberg. Meanwhile, producer price data out the same day are forecast to climb 6.5 per cent over the same period — their fastest pace of growth since 2017.
Producer prices, which measure factory gate rates, have been pushed higher in part because of the increasing cost of oil and an array of other commodities. In January, producer prices rose for the first time since the start of the coronavirus crisis, and in March they leapt 4.4 per cent.
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