China July CPI MoM -0.1% vs. expected +0.2%; June -0.3%.

National Bureau of Statistics urban division chief statistician Dong Lijuan said China’s CPI rose 0.5% YoY in July, a 0.5ppt slowdown from June. The moderation was mainly driven by weaker gasoline inflation: gasoline prices rose 1.0% YoY, with the rate down 16.0ppt month-on-month, cutting CPI’s upward pull by about 0.45ppt and bringing energy price growth to 0.6%. Excluding energy, industrial consumer goods rose 1.5% YoY, down 0.2ppt and contributing roughly 0.37ppt to CPI. Gold jewelry prices increased 24.6%; personal-care goods +1.7%; household appliances +0.2%; these decelerations together added about 0.13ppt. Computers, tablets and mobile phones rose 17.4%, 17.2% and 8.5% YoY, respectively.

日本央行七月會議意見摘要：一名成員表示，根據經濟、價格和金融狀況，日本央行加息的步伐可能會比市場預期更快。