The inflation outlook in the U.S., Asia and Europe takes center stage this week, with markets being buffeted by concerns about persistent inflationary pressures.tumbled in a choppy session overnight as investors worried the U.S. Federal Reserve would delay policy easing due to inflation worries, whileshowed nearly all the FOMC's members believed upside risks to the inflation outlook had increased, adding to investors' concerns that there may be fewer rate cuts than expected this year.
On a month-on-month basis, China's CPI came in flat, compared with the 0.6% decline in the prior month. Food prices fell by 0.6% month on month as a result of conducive weather conditions, official statistics showed. The prices of fresh vegetables and fruits fell 2.4% and 1%, respectively. Prices of pork, which makes up a significant portion of the CPI basket, fell 2.1%.CNBC Pro: Beyond Tencent: Goldman refreshes its list of top Asian stocks — giving one nearly 50% upsideThe investment bank also removed several other stocks from the list and added others, including one it gives nearly 50% upside.