China’s CPI inflation rises to 0.5% YoY in July vs. 0.3% expected

China’s Consumer Price Index (CPI) rose 0.5% over the year in July after reporting a 0.2% increase in June. The market expected a growth of 0.3% in the reported period.

Chinese CPI inflation arrived at 0.5% MoM in July versus June’s 0.2% decline, better than the 0.3% forecast.

China’s Producer Price Index (PPI) dropped 0.8% YoY in July, at the same pace as seen in June. The data came in above the market consensus of -0.9%.