China producer inflation hits 45 month peak as energy shock lifts costs for manufacturers

Energy driven price jumps ripple into consumer costs

China’s April producer inflation climbed 2.8% year-on-year, its highest in 45 months, as energy and commodity prices surged, lifting costs in metals and oil-linked sectors. Consumer inflation also rose to 1.2%, with higher gasoline prices and gold jewelry adding pressure at the shop floor and household level, complicating an already weak domestic demand outlook.