China ends over three years of factory deflation after oil shock
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China has ended over three years of factory deflation after a surge in oil prices, with producer prices rising 0.5% in March from a year earlier. The country's consumer inflation cooled to 1% in March, down from 1.3% in February, while energy costs increased due to the Iran conflict.
China's factory deflation has ended after over three years. Producer prices rose 0.5% in March from a year earlier. This increase is attributed to a surge in energy costs due to the Iran conflict. Consumer inflation cooled to 1% in March, down from 1.3% in February. The National Bureau of Statistics released this data on April 10, 2026. This development is welcome news for Beijing policymakers.
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