China – inflation trends unchanged
Price trends in China remain range bound, with PPI falling at a 2.5%-3% YoY rate, and CPI fluctuating around 0.7%. Narrow leading indicators for inflation suggest some strengthening from here, but a real change in inflation dynamics needs a change in China's overall macro dynamics.
![China – inflation trends unchanged](/content/images/size/w2000/2024/04/China--GDP-deflator-and-monthly-prices----YoY-2.png)