China April CPI 3.3% y/y (expected 3.7%) & PPI -3.1% y/y (expected -2.5%)

China inflation figures for April

China CPI 3.7% y/y

• vs. expected 3.7% y/y, prior 4.3%
• -0.9% m/m

PPI -3.1% y/y

• vs. expected -2.5% y/y, prior -1.5%
• -1.3% m/m

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Background:

• Heads up for China inflation data due today, CPI and PPI for April