China's national CPI fell 0.1% MoM in May, after a 0.3% MoM rise in April, NBS urban statistics chief Dong Lijuan said. Domestic gasoline swung from +12.6% to -0.3% on international oil-price pass-through; energy CPI moved from +5.7% to -0.1%, shifting its MoM contribution from +0.39 percentage points to -0.01 percentage points. Services prices eased from +0.5% to -0.1% as post-May Day travel declined, with the services contribution to MoM CPI moving from +0.22ppt to -0.03ppt; vehicle rental and

China's national CPI fell 0.1% MoM in May, after a 0.3% MoM rise in April, NBS urban statistics chief Dong Lijuan said. Domestic gasoline swung from +12.6% to -0.3% on international oil-price pass-through; energy CPI moved from +5.7% to -0.1%, shifting its MoM contribution from +0.39 percentage points to -0.01 percentage points. Services prices eased from +0.5% to -0.1% as post-May Day travel declined, with the services contribution to MoM CPI moving from +0.22ppt to -0.03ppt; vehicle rental and airfares alone flipped from +8.6% and +29.2% to -6.8% and -6.3%, together reducing MoM CPI by ~0.04ppt. Seasonal summer clothing (+0.6%) and stronger AI-related demand boosting mobile phones (+1.6%) and tablets (+1.1%) added roughly +0.05ppt to May MoM CPI.