Here Comes Chinese Inflation...

Chinese consumer and producer prices for November are out at 8:30 p.m. ET.

Economists polled by Bloomberg are looking for consumer prices to rise 3.1% year-over-year. This compares with a 3.2% YoY rise the previous month.

Meanwhile, producer prices are expected to fall 1.5% YoY, compared with a 1.5% fall in October.

"CPI inflation could be quite close to 3.5% for the rest of 2013, triggering market concerns about policy tightening," wrote Bank of America's Ting Lu in December 1 note. "With weakened commodity prices and the 2.0% MoM drop in domestic fuel prices, PPI inflation could be -0.1% MoM and -1.5% YoY in November."

Here's a look at the trajectory of Chinese consumer and producer prices: