China's PPI hit a near four-year high of 3.9% year-on-year in May, pushed by energy costs and AI-linked metals demand. Consumer prices came in at 1.2%, a tenth below consensus, widening the gap that People's Bank of China easing has so far failed to close.
China's May inflation data reveals consumer prices rising only 1.2% year-over-year while producer prices accelerated, pointing to persistent demand weakness that may require further policy support. Source
