PPI

2 briefs

decision 2026-05-11

China's Factory Prices Just Hit a 45-Month High. The Iran War Did It, and Beijing Cannot Undo It.

China's PPI jumped 2.8% in April, ending 41 months of factory deflation. Cost-push inflation from Iranian oil disruptions is pressuring manufacturer margins in an economy where domestic demand is still weak.

conflict 2026-04-10

China's Deflation Is Over. The Replacement Is Worse.

After 41 months of falling factory prices, China's PPI turned positive in March. The cause is not demand recovery. It is a war in Iran driving up energy costs that Chinese manufacturers cannot pass on to consumers who are not buying.