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.
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Charts of Week: Deflation Fears Cast a Dark…
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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.