AI Data Insight
China's latest CPI index for Q2 2026 reported at 104.361, remaining nearly flat compared to the previous value of 104.3605, but translating to a 1.2% year-over-year increase. Although external searches indicate an officially announced MoM increase of 0.3%, this report is based on the DataTrack series, specifying that the monthly change is almost flat, yet the YoY growth rate still outperformed the market expectation range of 0.8% to 1.0%. This rebound in inflation primarily benefited from rising international crude oil prices and holiday travel demand, exhibiting a structural characteristic of "strong non-food and weak food."