AI Data Insight
The cumulative value of China's means of production price index rose to 102.6 (a YoY increase of 2.6%) in June 2026 (Q3 2026), continuing to expand from the previous value of 102.2, indicating a steady upward trend in industrial costs. Although the single-month PPI reached a multi-year high driven by commodities, the decline in international oil prices and weak domestic demand have limited cost pass-through. The intensifying divergence between upstream and downstream sectors has become a hidden concern drawing market attention.