China’s CPI inflation edges higher to 0.6% YoY in August vs. 0.7% expected

China’s Consumer Price Index (CPI) rose at an annual pace of 0.6% in August after reporting a 0.5% growth in July. The market consensus was for a 0.7% increase in the reported period.

Chinese CPI inflation came in at 0.4% MoM in August versus July’s 0.5% acceleration, worse than the 0.5% estimate.