AI Data Insight
The latest Q2 2026 China food contribution to month-over-month CPI growth dropped to -0.2752 percentage points, turning negative from the previous value of 0.0516. Although the overall CPI beat expectations driven by non-food items, pork and fresh vegetable prices softened due to abundant seasonal supply. In the short term, food inflation expectations remain low, while in the medium term, attention should be paid to the effectiveness of hog capacity reduction and extreme weather risks.