China inflation data for August: CPI comes in at 2.3% y/y (vs. expected 2.1%)

CPI 2.3% y/y and higher than the consensus estimate

• expected 2.1%, prior 2.1%

PPI 4.1% y/y also higher

• expected 4.0%, prior 4.6%

CPI at its highest since February of this year.

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for background on this:

• Quick preview of the Chinese inflation data due Monday
• Ahead of China inflation data due Monday - CPI likely still subdued