0902 GMT - China's producer price index is likely to rise further in 2026, according to UOB's Ho Woei Chen in a research note. China's CPI and PPI rose more than expected in April, the economist says. The price trajectory suggests full-year PPI will likely exceed UOB's forecast, as higher energy prices and raw material costs sustain in the following months, she says. In particular, oil prices are expected to remain elevated until the disruption in the physical market subsides, which could take months, she adds. UOB raises its forecast for China's 2026 PPI to 2.8% from 1.2%. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

May 11, 2026 05:02 ET (09:02 GMT)

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