A heads up for the Chinese inflation data today, due at 0130GMT
It’s the September readings for both CPI and PPI
– CPI, expected is +1.8% and prior was 2.0%
– PPI, expected is -5.9% and prior was -5.9% also
While inflation is a key concern of the PBOC, and all central banks, at its current rate in China its viewed as not being an issue. Food prices (pork and fresh foods) have been moving higher, with other items on balance heading sideways.