On Wednesday (November 9), China will release its Consumer Price Index (CPI) and Producer Price Index (PPI) for October.
"Consumer price inflation in China is picking up again, mostly because of a food price spike," Moody's Analytics economists said in a note on Friday. "That said, non-food inflation also shows signs of upward pressure, as the disinflation from energy fades and as the housing market heats up," the economists added, forecasting CPI would rise by 2.1 percent, in line with the consensus estimates.
Most economists also expect inflationary pressures to show in producer prices.
"The strengthening in the PPI is likely to have been driven by rising commodity prices, which will have a further positive impact on industrial profits," economists at ANZ Research said in a Friday note.
The overall steel price index rose 23.6 percent on-year in September, and in the same month coal prices also recorded their first positive on-year growth in three years, the ANZ economists said. ANZ Research expected PPI to rise 0.8 percent, below market consensus of a 1 percent increase.
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