AI Data Insight

China's June services CPI month-on-month (MoM) growth reported at 0.0%, slightly rebounding from the previous -0.1%, showing a trend of "turning flat from negative". Affected by the reduction in aviation fuel surcharges and the off-peak travel season, airfare and accommodation prices fell significantly. Although this offset some policy-driven price increases in medical services, the overall data still reflects that short-term domestic demand recovery momentum is mild.

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