As the US and Europe fight to stabilize inflation, fears of deflation now loom over China. China's March CPI rose by 0.7% YoY, marking its slowest pace since September 2020. Meanwhile, PPI fell by -2.5% YoY, continuing the downward momentum from February's -1.4% YoY.
Charts of Week: Deflation Fears Cast a Dark…
As the US and Europe fight to stabilize inflation, fears of deflation now loom over China. China's March CPI rose by 0.7% YoY, marking its slowest pace since September 2020. Meanwhile, PPI fell by -2.5% YoY, continuing the downward momentum from February's -1.4% YoY.