Logo 10 Apr 2026

Iran war ends China’s deflationary spiral – but not in a good way

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The Iran war has brought China's deflationary spiral to a sudden end. Per price data released by the stats bureau (NBS) on April 10:

Producer prices (PPI) grew 0.5% y/y in March – the first year-on-year increase in over three years China's purchasing price index – which measures manufacturers' inpu...