The National Bureau of Statistics will issue CPI and PPI numbers on Tuesday. Consumer inflation is expected to drop to 1.8 percent while the producer price inflation rate is likely to ease to 2 percent.

Another batch of data will be released on Friday. The data will include numbers on industrial output and urban fixed asset investment. Economists believe urban fixed asset investment likely expanded 8.8 percent between January and July.

"We predict the CPI for July to be 1.8 percent, down from 1.9 percent in June. The downward trend of PPI will be eased in July in reflection of a recovery in corporate profits," said Wan Zhao, Sr. analyst, China Merchants Bank.

"We did not expect a significant rise in consumer prices in July," said Liu Xuezhi, Sr. analyst, Bank of Communications.

"But the torrential rain and the floods it brought had hit a large part of China and sent goods prices especially food prices into upswings. But on a larger picture, we believe CPI growth will be flat from June's 1.9 percent, or even lower."

Also on Friday, the National Bureau of Statistics will release real estate development and sales data. Retail sales numbers will also be released that day.

Globally, growth data for the euro zone, Germany and Italy will be released this week. Early indications suggest the bloc so far has largely shrugged off Britain's decision to quit the European Union.