China’s July CPI slips 0.1% month-on-month, missing forecasts and signalling softer inflation

by VT Markets
/
Aug 9, 2026

China’s consumer price index fell 0.1% month on month in July, undershooting the 0.2% market expectation. The reading points to a softer-than-anticipated monthly inflation profile at the start of the second half.

July CPI in Negative Territory

The data leave July’s CPI (MoM) in negative territory, contrasting with forecasts that had pencilled in a modest rise.

Market Implications

Markets will parse the release for implications for near-term price dynamics and the broader demand backdrop.

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