AI Data Insight

China's latest (Q2 2026) non-food CPI year-on-year growth recorded 1.5%, a significant drop from the previous 1.9%. This wave of cooling is mainly attributed to the easing of tensions in the Middle East, which drove international oil prices down and prompted official cuts to domestic retail fuel prices. As a result, the headline CPI also fell to 1.0%, lower than the market's initial expectation of 1.1%.

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