国家统计局：10月份CPI同比由降转涨 PPI环比由平转涨

Consumer Price Index (CPI) Summary - In October 2025, the national consumer price index (CPI) increased by 0.2% year-on-year, with urban areas rising by 0.3% and rural areas declining by 0.2% [2][19] - Food prices decreased by 2.9%, while non-food prices increased by 0.9% [2][21] - The average CPI from January to October 2025 showed a decline of 0.1% compared to the same period last year [2][19] Price Changes in Specific Categories - The prices of food, tobacco, and alcohol decreased by 1.6% year-on-year, impacting the CPI by approximately 0.46 percentage points [4] - Key food items such as eggs and pork saw significant price drops of 11.6% and 16.0%, respectively [4][21] - Other categories like clothing and healthcare experienced price increases of 1.7% and 1.4% year-on-year [4] Month-on-Month Changes - In October, the CPI rose by 0.2% month-on-month, with urban areas increasing by 0.2% and rural areas by 0.1% [2][20] - Food prices increased by 0.3% month-on-month, while service prices also rose by 0.2% [2][20] Industrial Producer Price Index (PPI) Summary - The industrial producer price index (PPI) decreased by 2.1% year-on-year in October 2025, with the decline narrowing by 0.2 percentage points from the previous month [10][24] - Month-on-month, the PPI shifted from flat to an increase of 0.1%, marking the first rise of the year [10][22] Price Changes in Industrial Categories - The prices of production materials fell by 2.4%, contributing to a total decline in the PPI [12] - Specific sectors such as coal mining and washing saw a month-on-month price increase of 1.6% [22][23] - The prices of non-ferrous metal mining rose by 5.3% month-on-month, influenced by international price trends [23] Core CPI Insights - The core CPI, excluding food and energy, rose by 1.2% year-on-year, marking the highest increase since March 2024 [19][21] - Service prices have been gradually increasing, with a notable rise in accommodation and travel costs during the holiday season [20][21]