China consumer, wholesale inflation tops estimates in April as Iran war drives energy costs higher

A shopper walks past a Coach retail store inside a shopping mall on March 24, 2026 in Shenzhen, Guangdong province, China. Cheng Xin | Getty Images China's consumer and producer inflation jumped more than expected in April as the Middle East conflict drives commodity costs higher. Consumer prices ticked up 1.2% in April from a year earlier, beating economists' estimates of 0.9% growth in a Reuters poll, and accelerating from a 1% rise in March, according to data released by the National Bureau …