Chinese inflation data will be the focal point of this Monday's economic agenda in Asia. Analysts are closely watching the year-on-year Consumer Price Index (CPI) for August, which is expected to show an increase from July's figures. If the consensus median of 0.7% is met, this would mark the fastest rate of increase since February, indicating progress for the Chinese economy.

This anticipated rise in inflation comes as a significant update, especially after ex-PBOC Governor Yi Gang highlighted the critical need to address deflationary pressures in China during his remarks on Friday. The upcoming data will provide valuable insights into the current economic climate and the effectiveness of ongoing measures to stabilize prices.