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China May wholesale inflation hits near 4-year high on Iran war, AI costs; CPI misses

China's wholesale prices rose at the fastest pace in nearly four years in May, driven by surging raw material costs from the Iran war and an artificial intelligence investment boom, while consumer inflation came in below estimates. The producer price index jumped 3.9% from a year ago, the highest since July 2022, topping economists' forecast of 3.8%, and outpacing 2.8% in April, according to data released by the National Bureau of Statistics on Wednesday. Wholesale prices returned to growth...

CNBC 5h ago

Bond Traders Bet on a CPI Surge That Bolsters Case for Fed Pivot

Prospective buyers arrive during an open house in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Mortgage rates in the US jumped for the second straight week, a rise in borrowing costs that threatens to stall the spring home sales season.

Bloomberg Markets 2d ago

This Market Is Very Scared About US CPI: 3-Minutes MLIV

Anna Edwards, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Bloomberg Markets 39m ago

Exchange of letters between the Governor and the Chancellor regarding CPI Inflation - April 2026

Exchange of letters between the Governor and the Chancellor

Bank of England News 10d ago

Ahead of INDIA bloc meet, CPM asks Congress to 'clear air' on Kerala poll remarks on ‘deal’ with BJP

Ahead of the INDIA bloc meeting on Monday, CPI(M) general secretary MA Baby, in a sharply worded letter to Congress President Mallikarjun Kharge, has raised the allegations by Rahul Gandhi and other senior leaders during the Kerala polls that CPI(M) and the BJP had struck a deal and their call for ED action against then CM Pinarayi Vijayan. The Left party has asked the Congress to “clear the air regarding such disruptive moves.” According to sources, in the letter to Kharge, Baby has alleged...

Times of India 3d ago

INDIA bloc's key huddle: Full list of leaders who attended the meeting

| Party | Leaders | | Congress | Sonia Gandhi, Rahul Gandhi, Mallikarjun Kharge, KC Venugopal | | Samajwadi Party | Akhilesh Yadav | | TMC | Mamata Banerjee, Abhishek Banerjee | | RJD | Tejashwi Yadav | | National Conference | Omar Abdullah | | PDP | Mehbooba Mufti | | JMM | Sarfaraz Ahmad | | Shive Sena (UBT) | Uddhav Thackeray | | NCP SP | Supriya Sule | | CPM | John Brittas | | CPI | D Raja | | CPI ML | Dipankar Bhattacharya | | RSP | NK Premachandran | | IUML | Sadiq Thangal | | VCK |...

Times of India 1d ago

South Korea inflation hits two-year high, imminent rate hike in play

South Korea inflation hits two-year high, imminent rate hike in play SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening as early as next month. The consumer price index (CPI) rose 3.1 per cent from a year earlier, the biggest jump since March 2024, after climbing 2.6 per cent in April, according to the Ministry of...

Channel News Asia 8d ago

South Korea May inflation quickens to two-year high, exceeds forecasts

South Korea May inflation quickens to two-year high, exceeds forecasts SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening in the coming months. The consumer price index (CPI) rose 3.1 per cent from a year earlier, the biggest jump since March 2024, after rising 2.6 per cent in April, according to the Ministry of Data...

Channel News Asia 8d ago

South Korea May inflation +3.1% y/y, higher than expected

South Korea May inflation quickens to two-year high, exceeds forecasts SEOUL, June 2 : South Korea's consumer inflation quickened in May to a more than two-year high, exceeding market expectations on high oil prices triggered by the Middle East conflict, supporting the case for monetary tightening in the coming months. The consumer price index (CPI) rose 3.1 per cent from a year earlier, the biggest jump since March 2024, after rising 2.6 per cent in April, according to the Ministry of Data...

Channel News Asia 8d ago