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.“
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