China Consumer Prices Rise on Iran War Oil Squeeze

Customers are shopping for vegetables at a supermarket in Hangzhou, Zhejiang Province, China on May 11, 2026. (Photo by LW / CFoto / CFOTO via AFP)

China’s consumer prices ticked up in April as the cost of crude oil rose globally due to the Iran war, official data showed on Monday.

Helped by the surging oil costs, factory gate prices also continued to show signs of recovery, rising for a second straight month after being stuck in negative territory since October 2022.

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by Agence France-Presse

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