AI Data Insight
China's May 2026 CPI MoM growth rate reported at -0.1%, turning negative from the previous 0.3% and meeting market expectations, mainly driven by abundant food supply and a post-May Day holiday travel pullback. Meanwhile, the PPI YoY growth rate surged significantly, widening the price scissors between upstream and downstream sectors. This indicates that terminal consumer demand still needs to solidify, and short-term policies may focus on smoothing the transmission mechanism.