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🇨🇳 China's reflation looks like a supply trick, not a demand fix
The day in view

🇨🇳 China's reflation looks like a supply trick, not a demand fix

Macro Soup Newsroom Macro Soup Newsroom 4 min read

China's CPI cooled to 0.5% year-on-year in July, missing the 0.8% forecast. Producer prices fell 3.5%, a second straight monthly decline that raises doubts about whether Beijing's supply-side price push is fading.

Line chart of China CPI and PPI year-on-year percent change from 2007 to 2026.
China's July CPI cooled to 0.5% year-on-year, the softest gain since January, as lower energy prices and weak demand also pulled PPI down to a three-month low of 3.5%. Source

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