AI Data Insight
The latest non-food CPI MoM growth in China for Q3 2026 narrowed to 0.2% from the previous value of 0.3%, indicating mild growth momentum. Although international oil prices and transportation costs provided short-term support, core consumer demand has not yet fully recovered. The market expects that without further policy stimulus, deflationary pressure remains a risk that needs to be guarded against in the medium to long term.