After months of subdued price changes, consumer prices on the Chinese mainland gained momentum in October as the consumer price index (CPI) rose 0.2% year-on-year, marking a return to growth. On a monthly basis, CPI climbed 0.2%, signaling renewed upward pressure.
The core CPI, which excludes volatile food and energy costs, increased by 1.2% year-on-year in October, marking its sixth consecutive month of accelerating growth. NBS statistician Dong Lijuan attributed this uptick to policies aimed at expanding domestic demand and the seasonal boost from the National Day and Mid-Autumn Festival holiday period.
Meanwhile, the producer price index (PPI), a key gauge of factory-gate inflation, fell 2.1% year-on-year, narrowing from September's 2.3% decline. On a month-on-month basis, industrial PPI edged up 0.1%, the first increase of 2025, as some domestic industries saw improved supply and demand dynamics and felt the effects of international commodity prices.
These figures offer fresh data points for monitoring price trends on the Chinese mainland, balancing consumer inflation pressures with factory-gate costs.
Reference(s):
cgtn.com
