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China May wholesale inflation hits near 4-year high on Iran war, AI costs; consumer inflation misses
China’s wholesale prices rose at the fastest pace in nearly four years in May, driven by surging raw material costs from the Iran war and an artificial intelligence investment boom, while consumer inflation came in below estimates. The producer price index jumped 3.9% from a year ago, the highest since July 2022, topping economists’ forecast of 3.8%, and outpacing 2.8% in April, according to data released by the National Bureau of Statistics on Wednesday. Wholesale prices returned to growth in March as the input cost surge stemming from the Middle East conflict lifted the economy out of its longest deflationary ... (full story)
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From think.ing.com|8 hr agoChina's CPI inflation remained unchanged at 1.2% year-on-year in May, marginally softer than our forecast and market expectations for a slight uptick to 1.3%. Inflation has been ...
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- From brecorder.com|5 hr ago|11 comments
Iran’s Revolutionary Guards said they had carried out attacks against a U.S. base in Jordan and 21 other targets in the Gulf on Wednesday in retaliation for American strikes ...
From apnews.com|5 hr ago|3 commentsConsumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat that rising ...
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- Jun 9, 11:51pm | 7 hr ago Posted byFundamental Analysis2,146
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