May’s unexpected 3.9% spike in producer prices isn't a sign of broad macroeconomic overheating. Instead, a brutal supply clearing and the global artificial intelligence boom are quietly reshaping the cost of tomorrow

PPI rises 3.9% as industrial prices accelerate on equipment upgrades and AI demand, while CPI growth stays flat amid subdued domestic demand

China's consumer price index (CPI), a main gauge of inflation, rose 1.2 percent year-on-year in May, official data showed Wednesday. The core CPI, which excludes food and energy…