国家统计局：10月份居民消费价格出现积极变化

Core Insights - In October, there was a positive change in consumer prices, with a month-on-month increase and a shift from a year-on-year decline to an increase [1][2] Monthly Changes - The Consumer Price Index (CPI) rose by 0.2% month-on-month in October, an increase of 0.1 percentage points from the previous month [1] - The rise in CPI was driven by increased consumption during the National Day and Mid-Autumn Festival holidays, as well as rising prices of industrial consumer goods [1] - Service prices increased by 0.2% month-on-month, contributing 0.07 percentage points to the CPI increase, with hotel accommodation, flight tickets, and travel prices rising by 8.6%, 4.5%, and 2.5% respectively [1] - Food prices also saw a month-on-month increase of 0.3%, with fresh vegetables, lamb, fresh fruits, shrimp and crab, and beef prices rising between 0.5% and 4.3% [1] - Industrial consumer goods prices, excluding energy, rose by 0.3% month-on-month, contributing another 0.07 percentage points to the CPI increase [1] Yearly Changes - Year-on-year, the CPI increased by 0.2% in October, reversing from a decline of 0.3% in the previous month [2] - The core CPI, excluding food and energy, rose by 1.2% year-on-year, with an increase of 0.2 percentage points from the previous month, marking six consecutive months of growth [2] - The improvement in year-on-year CPI was attributed to better domestic supply and demand dynamics, with service prices and industrial consumer goods prices rebounding [2] - Service prices increased by 0.8% year-on-year, with notable increases in flight and hotel prices [2] - Industrial consumer goods prices, excluding energy, rose by 2% year-on-year, continuing a six-month upward trend [2] - Food and energy prices had a reduced downward impact, with food prices down 2.9% and energy prices down 2.4% year-on-year, but the decline was less severe than in the previous month [2] Overall Assessment - Overall, the measures taken to promote a reasonable recovery in prices have led to positive changes in consumer prices in October, although market demand remains insufficient, and prices are still operating at a low level [3] - Future efforts should focus on expanding domestic demand, advancing the construction of a unified national market, optimizing the market competition environment, and improving supply-demand relationships to promote reasonable price recovery [3]