China’s CPI inflation arrives at 0% YoY in July vs. -0.1% expected

China’s Consumer Price Index (CPI) was unchanged at an annual in July after rising 0.1% in June, the National Bureau of Statistics of China reported on Saturday. The market consensus was for -0.1% in the reported period.

Chinese CPI inflation came in at 0.4% MoM in July versus June’s 0.1% decrease.

China’s Producer Price Index (PPI) fell 3.6% YoY in July, following a 3.6% decline in May. The data came in lower than the market consensus of -3.3%.