09.07.202601:30:00UTC+00China’s Consumer Prices Slip Further in June, Deepening Deflation Concerns

China’s consumer inflation weakened further in June 2026, underscoring persistent price pressures in the world’s second-largest economy. The country’s Consumer Price Index (CPI) fell 0.3% month-over-month, following a 0.1% decline in May, according to data updated on 09 July 2026.

The data show a clear deterioration in short-term price dynamics. On a month-over-month basis, the “previous” reading of -0.1% in May reflected a mild decline from April, but June’s -0.3% points to an acceleration in consumer price falls. The comparison is strictly sequential: each month’s figure measures the change relative to the immediately preceding month.

The deepening negative CPI print raises fresh questions over the strength of domestic demand and the effectiveness of policy measures aimed at stabilizing growth. Persistent month-on-month declines in consumer prices can signal rising deflationary risks, potentially complicating Beijing’s efforts to support activity and confidence in the broader economy.