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China's PPI jumps to 4.1 percent in June, Mohamed A. El-Erian notes

China's PPI jumps to 4.1 percent in June, Mohamed A. El-Erian notes
China producer inflation highest since 2020

Mohamed A. El-Erian, president at Queens' College, University of Cambridge, shares three main takeaways from China's recent inflation data.

He points out that China’s annual producer price index (PPI) inflation accelerated to 4.1 percent in June, the highest level in four years and up from 3.9 percent in May. Meanwhile, annual consumer price index (CPI) inflation softened to 1.0 percent, down from 1.2 percent in the previous month, widening the gap between wholesale costs and consumer prices.

El-Erian has recently focused on key inflation benchmarks in other major economies. He noted that U.S. May PCE inflation data, closely watched by the Federal Reserve, would be released soon in a recent market note. He also discussed current trends in the U.S. economy and markets during an appearance on CNBC's Squawk on the Street.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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