China CPI inflation likely to rebound in May - Nomura

Analysts at Nomura offer their insights on the Chinese inflation data for the month of May due to be reported this Saturday at 0130 GMT.
Key Quotes:
CPI: expected 1.8%, prior 1.8%.
PPI: expected 3.9%, prior 3.4%.
“CPI inflation is likely to rebound as high-frequency data suggest some pick-up in food price inflation.
We expect a continued rise in PPI inflation, partly due to a low base last year and in line with the improvement of price-related subindices in the official manufacturing PMI.“
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















