China reported July consumer price inflation at 1.4 percent from a year ago and producer price inflation at 5.5 percent from a year ago.
Analysts polled by Reuters expected consumer inflation to stay steady from June at 1.5 percent on-year while producer prices were also forecast to remain flat from the 5.5 percent on-year rise in June.
Inflation data from China is closely watched as indications of how the central bank may approach monetary policy. China’s 2017 inflation target is 3.0 percent.