AI Data Insight
China's newly released May 2026 (Q2 2026) consumer goods PPI YoY growth rate was -0.9%, falling further from -0.8% in the previous month, indicating unresolved deflationary pressure in terminal consumption. Although external searches show that the overall PPI surged to 3.9% due to soaring raw material prices, downstream enterprises face sluggish domestic demand and overcapacity, making it difficult to pass on costs. Moving forward, close attention must be paid to the squeeze effect of rising upstream costs on downstream manufacturers' profits.