July CPI year-on-year rate is lower than expected at 2.7%, unchanged from the previous value, and the month-on-month rate is 0.2%, unchanged from the expected value and lower than the previous value. Core CPI year-on-year rate is 3.1%, higher than expected and higher than the previous value, and the core month-on-month rate is 0.3%, unchanged from the expected value and higher than the previous value. The four indicators generally offset each other, showing a relatively mild result, and after the market's concerns were eased, it rebounded directly in response.