China April CPI 1.2% YoY, PPI 2.8%

Chinese CPI rose 1.2% YoY in April, beating 0.9% forecast and up from 1% in March.
Producer Price Index surged 2.8% YoY in April, far exceeding 1.7% expectation and up from 0.5% in March.
The rise is linked to higher petrochemical and fuel costs amid Middle East conflict disrupting oil supplies.
Economists warn cost‑based inflation could pressure margins and limit further stimulus from Beijing.