AI Data Insight
China's Q3 (July 2026) contribution of food, tobacco, and alcohol to MoM CPI growth rebounded from the previous value of -0.08 percentage points to 0.07 percentage points, halting the downward trend. Mainly affected by the regulation of live pig production capacity and extreme weather pushing up transportation costs, the single-month increase in pork prices drove the recovery of food inflation, but overall weak domestic demand remains the biggest hidden worry for future price recovery.