AI Data Insight
The newly released China Q3 2026 (as of July 1) consumer goods CPI MoM rate reported -0.6%, flat with the previous reading, remaining deeply in negative growth territory for two consecutive months. Although the recent overall CPI YoY rate turned slightly positive, the pullback in food and energy prices coupled with sluggish domestic demand indicates that terminal consumer prices still face significant downward pressure. The market is closely watching the transmission effects of fiscal stimulus in the second half of the year.