cover of episode UBS On-Air: Paul Donovan Daily Audio 'Inflation without excess profits'

UBS On-Air: Paul Donovan Daily Audio 'Inflation without excess profits'

2023/4/11
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

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Shownotes Transcript

China’s March inflation data slowed further. Consumer price inflation was lower, and producer price deflation is coming in ever more negative. As China’s inflation data is a parochial affair, this has no read-through to inflation elsewhere in the world. It seems that, unlike some developed economies, China is not experiencing profit-led inflation and unusual margin expansion.