AI Data Insight
The latest data shows that China's CPI index climbed to 104.3605 in the early second quarter of 2026, rising from the previous value of 104.2648, which translates to a year-on-year growth rate of approximately 1.2%, beating market expectations of 0.9%. This inflation rebound primarily benefited from surging global energy prices and the recovery of domestic travel demand, successfully offsetting the decline in food prices such as pork. As the deflationary haze gradually fades, the market expects the medium- to short-term inflation center to stabilize, though attention must be paid to the risk of profit squeeze on downstream manufacturing caused by imported inflation.