PPI and CPI for April is due 9 May 2019 at 0130GMT from China.
There is not much focus on these data, neither are too much of a concern to the market for now.
CPI % y/y
- expected 2.5% y/y, prior 2.3% - to be up on food prices
PPI % y/y
- expected 0.6%, prior 0.4%
TD have very brief comments:
- Food prices (estimated to contribute around 10% to China's CPI basket) are likely to increase further due to higher pork prices amid the worsening impact of African Swine Disease.
ASB:
- We expect China's CPI inflation to edge up to 2.4% yoy in April on faster food inflation and higher oil prices.
- PPI inflation should have risen to 0.7% yoy because of higher ferrous metal prices and a five-month high in the April Producer Price Index
