AI Data Insight
According to the latest data, the contribution of food to China's month-over-month CPI growth in May 2026 (Q2 2026) was -0.2752 percentage points. Although this slightly narrowed from the previous -0.2924 percentage points, it continues to drag down overall prices. Constrained by an abundant pork supply and a large influx of seasonal vegetables into the market, food inflation momentum is significantly limited. Moving forward, the market will continue to monitor the implementation and effectiveness of official policies expanding domestic demand to gauge the strength of the consumption recovery.