Inflation 'mild', seen as easing in Q3

China's consumer price index, a main gauge of inflation, rose 2.7 percent year-on-year in June, the National Bureau of Statistics said Wednesday.

The CPI reading, in line with market expectations, was unchanged from the figure in May. On a monthly basis, it edged down 0.1 percent last month.

Analysts said inflation may stabilize and ease in the third quarter and will not have a major bearing on the country's monetary policy.