China’s consumer price index climbed 0.3% year on year, more than the 0.2% rise estimated in a Reuters poll.
Asia-Pacific markets fell Monday as investors assessed China's stronger-than-expected April inflation data.The producer price index, however, fell 2.5% year on year, more than the estimated 2.3% drop.
The preliminary May reading for the University of Michigan's consumer sentiment index came in at 67.4, far below a Dow Jones estimate of 76 and marking its lowest reading in about six months.China's April inflation comes in slightly higher than expectedThis was higher than the 0.2% forecast by a Reuters poll of economists, and more than the 0.1% rise seen in March.
The analyst believes it's perfectly positioned to capture the rapid rise in new hydrogen refueling stations being built over the medium term.Its popularity shows little sign of abating, and although the stock was flat last week, it is still up by nearly 80% over the year to date. "I'm in a wait-and-see mode. Let's get a lot more data to see if this inflation is going to continue or if it's stalling," Kashkari said during a joint live interview on CNBC."We are all committed to getting inflation back" to the Fed's 2% goal.
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