AI Data Insight
China's non-food CPI year-on-year growth rate fell to 0.9% in July 2026 (index value of 100.9), significantly slowing from the previous value of 1.5%. Under the dual impact of a sharp decline in transportation costs and sluggish domestic demand, the overall CPI increased by 0.5% year-on-year, which not only missed market expectations but also hit a six-month low. The price trend in the coming months will highly depend on the implementation speed and execution of the central government's fiscal stimulus policies.