China's PPI rose 2.8% year-on-year in April, ending 41 months of factory-gate deflation and withdrawing a key global disinflation subsidy. Headline CPI came in at 1.2% against a 0.9% forecast; the PBOC held Loan Prime Rates for a 12th consecutive meeting.
Global commodity prices signal China’s PPI inflation accelerating toward 6%, a reversal after four years of deflation. Source
