A shopper walks past a Coach retail store inside a shopping mall on March 24, 2026 in Shenzhen, Guangdong province, China. Cheng Xin | Getty Images China's consumer and producer inflation jumped more than expected in April as the Middle East conflict drives commodity costs higher, offering a reflationary boost to the economy. Consumer prices ticked up 1.2% in April from a year earlier, beating economists' estimates of 0.9% growth in a Reuters poll, and accelerating from a 1% rise in March, according to data released by the National Bureau of Statistics on Monday. The producer price index jumped 2.8% from a year ago, exceeding economists' forecast of 1.6% and the 0.5% rebound in the prior month. The surge came after factory-gate prices turned positive for the first time in over three years, ending the longest deflationary streak in decades.…