According to the National Bureau of Statistics on July 9th, Dong Lijuan, Chief Statistician of the Urban Department of the National Bureau of Statistics, interpreted the CPI and PPI data for June 2026, stating that the year-on-year increase in CPI remained moderate and the year-on-year increase in PPI slightly expanded. In June, influenced by seasonal factors and international market price fluctuations, the Consumer Price Index (CPI) decreased by 0.3% month on month and increased by 1.0% year-on-year. The core CPI, which excludes food and energy prices, increased by 1.0% year-on-year, continuing to maintain a moderate upward trend. The demand in some domestic industries has increased, but due to factors such as the decline in international crude oil prices, the Producer Price Index (PPI) for industrial producers decreased by 0.3% month on month and increased by 4.1% year-on-year.