#PriceIndex

India’s producer prices surged to just over a three-and-a-half-year high in April as elevated energy prices pushed up manufacturers’ input costs.

Stocks in Asia were primed to rally Thursday after a US tech rally drove new highs on Wall Street, quelling concerns over inflation that have fueled wagers the Federal Reserve will keep rates higher for longer.

China’s factory prices grew at the fastest pace since the pandemic four years ago as the fallout from the Iran war sharply raises costs.

Global food prices rose to their highest in more than three years as the Iran war disrupted supply chains, raising the prospect of higher bills for shoppers.