Here Comes Chinese Inflation...
REUTERS/Jason Lee
China's latest inflation figures are out at 9:30 p.m. ET.Economists polled by Bloomberg are looking for producer prices are expected to fall 1.5% year-over-year, compared with a 2% fall the previous month.
Meanwhile, consumer prices are expected to rise 2.4% YoY, compared with a 1.8% rise in April.
Chinese CPI will likely be driven by rising food, especially pork prices, Jian Chang and Serena Zhou at Barclays wrote ahead of the data release.
Here's a look at the recent drop in sow stock and the rise in prices: