Chinese inflation data will be published over the weekend

  • CPI is trying to avoid deflation, the PPI is well and truly bogged down in it

Due at 0130 GMT on Saturday, November 9, 2024:

  • 2130 US Eastern time on Friday, November 8

China's CPI for October:

  • expected -0.1% m/m, prior 0.0%
  • expected +0.4% y/y, prior +0.4%

PPI:

  • expected -2.5% y/y, prior -2.8%
  • expected not as negative as in September due to raw material metals having risen in October, along with the global price of crude oil

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Ahead of the data we should hear something out of the National People's Congress Standing Committee sometime on Friday (the meeting concludes today). More stimulus measures are expected.

China

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