China's producer prices jump while consumer prices fall

Data: Investing.com; Chart: Axios VisualsPrices for Chinese consumers in January declined by 0.3% from last year, while prices for producers, or businesses, rose by 0.3%, data showed. Why it matters: Rising prices for producers in China, the world's No. 1 trading nation, are often the result of increasing commodity costs and typically mean prices will rise for the rest of the world.A decline in prices for consumers suggests the country's economic rebound from the coronavirus pandemic isn't materializing as strongly as hoped.Details: PPI rose to its highest level since May 2019, while CPI fell to its lowest since November (however, November was the lowest reading since 2009).In short: China's recovery has been uneven with its industrial and manufacturing sector outpacing consumer spending.What they're saying: "PPI inflation continues the upward trend, suggesting that the manufacturing sector still outperforms," Hao Zhou, senior emerging markets economist at Commerzbank, told Bloomberg. Consumer inflation momentum hasn’t been as strong as expected, and "this split between consumption and manufacturing is likely to persist in the foreseeable future."

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