BEIJING, March 9 (Reuters) - China's consumer inflation accelerated to the highest in more than three years due to the effects of the Lunar New Year holiday, while producer deflation persisted as weak demand remained a drag on an economy facing stiff external challenges.

China's consumer inflation recorded the biggest jump in more than three years, as an extended holiday bolstered spending.

India’s Wholesale Price Index rose to 2.13% in February 2026, the highest in 11 months. Inflation increased from 1.81% in January and 0.96% in December, marking the third straight monthly rise. Manufactured products inflation climbed to 2.

Top economist David Rosenberg thinks the hit to demand from high oil prices will outweigh any inflationary shock over the long run.

We expect further push from the belated pass-through of the 1Q2026 [first quarter 2026] utility tariff hike while the Middle East war pushes Brent crude oil above US$83.0 per barrel, higher than the US$ 74.

The China 'deflation doom loop' story certainly looks like it's aged poorly, as inflation continues to trend higher.

That marks a slight downgrade from the "around 5%" target set in the past three years.

Associate Professor of Finance, Andrews University, USA, Prof Williams Peprah has cautioned that Ghana could face deflation if the government continues its aggressive approach to reducing inflation.