hello and welcome to business today, i'm steve larkham.et's start in china with an loudest data shows inflation is starting to pick up. consumer prices rose for a third mother in april which signals a and demand. while they been battling the cost—of—living crisis, they fell into deflation last year which means prices fell. beijing has announced measures to boost consumer confidence. in the us it's a very different story. the focus is the latest inflation figures out this week because of consumer prices rise too quickly the american central bank will likely push the timing of interest rates cut further down the line. on tuesday australia's government will unveil its annual budget and we expect measures to ease cost of living pressures in the country. on friday will have more data from china which could or should give us clues on whether consumers are spending with the release of monthly sales numbers. achieve market analyst gave us his analysis. market analyst gave us his analysis-— market analyst gave us his anal sis. . , . ., analysis. th