AI Data Insight

According to the latest data, China's services CPI MoM growth for 2026-05-01 (Q2 2026) slipped to -0.1%, interrupting the previous observation's upward trend of 0.5%. This decline was mainly driven by the seasonal cooling of tourism and transportation demand following the "May Day" long holiday. Although services prices saw a slight pullback, the overall CPI still showed a mild recovery driven by broader energy and raw material costs. Going forward, close attention must be paid to the cost pass-through pressure brought by the surging PPI.

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