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China consumer, wholesale inflation tops estimates in April as Iran war drives energy costs higher
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- China's consumer and producer inflation jumped more than expected in April as the Middle East conflict drives commodity costs higher.
- The producer price index jumped 2.8% from a year ago, exceeding economists' forecast of 1.6% and the 0.5% rebound in the prior month.
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China's consumer and producer inflation jumped more than expected in April as the Middle East conflict drives commodity costs higher.
Consumer prices ticked up 1.2% in April from a year earlier, beating economists' estimates of 0.9% growth in a Reuters poll, and accelerating from a 1% rise in March, according to data released by the National Bureau of Statistics on Monday.
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