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

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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