0828 GMT - Persistently higher oil prices are likely lift China's consumer inflation, UOB's Ho Woei Chen says in a research note. The economist says the consumer-price impact from Middle East supply disruption was still contained in March, but sees upward pressure building in the coming weeks, depending on the Strait of Hormuz's oil-flow normalization. UOB raises its 2026 headline CPI forecasts for China to 1.3% from 0.9% and PPI forecast to 1.2% from 0.2%. This marks a turnaround after three years of deflation, the economist says. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
April 10, 2026 04:28 ET (08:28 GMT)
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