UBS On-Air: Paul Donovan Daily Audio 'Missing demand'

China's inflation data reveals a concerning trend: rising prices aren't indicating stronger consumer demand. Excluding food, inflation rates suggest a lack of broader economic activity. Supply constraints on essential items like vegetables and pork are driving food inflation, potentially harming consumer spending. The discussion also explores the implications for government support and touches on European inflation and unemployment trends, painting a complex picture of the global economic landscape.