China August CPI 2.5% y/y (expected 2.8%)

China inflation data for August 2022.

CPI 2.5% y/y

• expected 2.8%, prior 2.4%
• for the m/m -0.1% (expected 0.2%, prior 0.5%)

PPI 2.3% y/y

• expected 3.1%, prior 4.2%
• for the m/m -1.2%

more to come

The consumer price inflation rate in China poses no hindrance to the central bank pumping in more monetary stimulus ahead. 2.5% y/y is well within target.