Upbeat China CPI calling for PBOC rate hike?

Bloomberg providing further insights on the Chinese inflation data, after the NBS reported China CPI figures for Nov at 2.3% y/y versus 2.2% expected.

Key Points:

Prices boosted by rallying commodities and stronger demand would ripple through supply chain across Asia

Uncertainties remain

Meanwhile, Raymond Yeung, chief greater China economist at Australia & New Zealand Banking Group Ltd. in Hong Kong, noted "China has entered a new inflationary cycle. The next move of the PBOC should be an interest rate hike, not a cut."