Asia week ahead: China and India release highly anticipated inflation data
The highlights of the week will be inflation reports from China and India as global markets assess fallout from the Middle East. China will also release key trade data
Asia Research highlights of the week
Japan’s real wages rose in March, boosting odds of a June hike
South Korea’s steps to limit inflation increases paying off — so far
First-quarter GDP miss in the Philippines signals weaker 2026 outlook
Sharp CPI overshoot raises risk of more aggressive rate moves in the Philippines
Reserve Bank of Australia delivers decisive hike, signals balanced path ahead
India: Modest rise in inflation expected
India’s inflation is expected to accelerate, but the increase should be modest. Retail gasoline prices are still capped, and core inflation remains contained. Instead, the main driver will be the second‑round effects of higher oil prices on food inflation.
China: Growth in trade expected, while inflation to remain modest
China’s trade data is scheduled for release on Saturday. We expect export growth of around 6.5% and imports to increase by 20.4%, resulting in a trade surplus of $71.6bn. We expect a slight boost in year-on-year trade with the US. Last April marked the escalation of the Liberation Day tariffs and the US-China trade war. Markets will watch whether the data better reflects the impact of higher energy prices. On Monday, China releases its inflation data. We expect the CPI to stay unchanged at 1.0% YoY and PPI to accelerate further to 1.9% YoY.
Key events in Asia next week
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
Download
Download article