AI Data Insight

The latest data shows that China's services CPI in May 2026 maintained a year-on-year growth rate of 0.8%, completely flat compared to the previous reading, indicating no breakthrough in terminal consumption momentum. Although the overall CPI increased by 1.2% YoY, slightly below market expectations, the upstream PPI surged to 3.9% driven by higher energy costs. This indicates difficulties for manufacturers in passing on costs, and the market is closely watching the effects of subsequent fiscal policies to boost domestic demand.

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