China – no lessening yet of PPI deflation
CPI deflation is stabilising, though because of food prices rather than domestic demand. The surprise in April was the lack of any lessening of PPI deflation, despite some improvement in leading indicators.
![China – no lessening yet of PPI deflation](/content/images/size/w2000/2024/05/China--PPI.png)
CPI deflation is stabilising, though because of food prices rather than domestic demand. The surprise in April was the lack of any lessening of PPI deflation, despite some improvement in leading indicators.