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Economy

Inflation fears hit global markets: Five things to know

Tech stocks feel backlash as Chinese factory and US household prices rise

From U.S. stores to Chinese manufacturing, price rises are accelerating.

HONG KONG -- Fears are growing that a global economic revival and pandemic-induced fiscal stimulus measures will lead to surging inflation, casting a cloud over financial markets.

U.S. consumer prices in April rose at their highest level in more than a decade, according to data on Wednesday. It follows a sharper than expected jump in China's index of producer price inflation, which measures so-called "factory gate" prices.

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