AI Data Insight

In August 2026 (Q3 2026), China's non-food CPI month-on-month (MoM) growth reached 0.3%, successfully reversing the previous decline of -0.1%. This drove the overall CPI up by 0.8% year-on-year (YoY), in line with market expectations. This was mainly supported by rising international oil prices and the summer travel boom, coupled with the impact of the trade-in policy for consumer electronics. Whether inflation can gain a firm footing in the future will still depend on the actual recovery strength of domestic consumption and subsequent policy support.

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