China inflation data for April is due on Wednesday May 11 at 0130 GMT.
Higher oil prices are likely to pull headline inflation up toward 2% y/y (1.5% prior) but with little effect on core inflation that has just been decelerating to a touch over 1% y/y (chart 12). Either way, China’s inflation rate would remain well below the 3% goal.
snapshot from the ForexLive economic data calendar, access
times in the left-most column are GMT.
numbers in the right-most column are the ‘prior' (previous month)
number in the column next to that, where is a number, is the
consensus median expected.
There is plenty of space for further PBOC monetary policy easing given the low reported CPI numbers.