Greater China Banks Daily "China’s April inflation beat estimates on ene..."

Research evidence excerpt

Greater China Banks Daily "China’s April inflation beat estimates on ene..."

Global Research

12 May 2026ab

Greater China Banks Daily Equities

ChinaChina’s April inflation beat estimates on energy

price shock; Jan-Apr nationwide foreclosure Banks

listings up 0.8%YoY, transactions up 8.5% YoY MayAnalystYan

may.yan@ubs.com

+852-2971 7157

China’s April inflation beat estimates on energy price shock Alex Ye

Analyst

Reuters, May 11: China's producer prices rose at their fastest pace in more than three S1460522090005

years in April, while consumer inflation also accelerated as global energy costs remained alex.ye@ubs.com

elevated. The consumer price index (CPI) climbed 1.2% YoY in April (compared to +1% +86 755 2215 8858

YoY in March), primarily driven by fluctuations in gasoline and gold jewelry prices,

Frank Zheng, CFA

according to data from the NBS. Reuters' economist survey had predicted a 0.9% Analyst

increase. Core CPI, which excludes the impact of volatile food and fuel prices, expanded S1460524050001

by 1.2% YoY (vs +1.1% YoY in March). On a monthly basis, CPI edged up 0.3%, frank.zheng@ubs.com

surpassing expectations of a 0.1% decline and contrasting with the 0.7% drop recorded +86-21-3866 8873

in March. The producer price index (PPI) increased 2.8% YoY, the highest since Jul 2022, Catherine Yang, CFA

beating a 1.6% rise forecast in a Reuters poll and accelerating sharply from 0.5% in Analyst

March. On a MoM basis, PPI rose 1.7% in April after climbing 1% in March. The NBS S1460526010003

attributed higher factory-gate inflation to rising prices in sectors such as non-ferrous catherine-za.yang@ubs.com

metals, oil and gas and tech equipment. +86-755-2215 8860

Helen Li, CFA

Jan-Apr nationwide foreclosure listings up 0.8%YoY, transactions up 8.5% YoY Analyst