China's June CPI rose just 1.0% year-on-year, missing forecasts, while producer prices jumped to 4.1%, the fastest pace since July 2022. An oil-driven cost shock is squeezing factory margins and boxing in the PBOC's easing path.
China's producer prices accelerated to a near four-year high of 4.1 percent in June as consumer inflation eased to 1.0 percent year on year. Source
