At 0130 GMT we get the China inflation data for March. I posted earlier:
- CPI expected 2.6%, prior 2.9% - lower food prices will likely drag the result down from February
- PPI expected 3.3%, prior 3.7% - price effects (factory output prices expected to have declined a little on the month) likely to take this lower from February
Just noting that reported in the Economic Information Daily (Chinese media, comes via Bloomberg) is a piece from a researcher at the Chinese Academy of Social Sciences
- China should closely monitor global oil prices, pork prices and home rental prices in 1st-tier cities to prevent structural inflation risks
- Also notes price rises since the February holiday (Lunar New Year) for paperboard, tires, cement, chemical fertilizer, building materials, food and beverages, and home appliances
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Perhaps we see an upside surprise in the inflation numbers today? I can't see it'll impact too much on AUD ... bigger fish being fried right now 9Syria,trade issues the most immediate that spring to mind)
