11月中国物价数据快报

Inflation Data - China's CPI in November increased by 0.2% year-on-year, lower than the expected 0.5% and previous 0.3%[2] - Month-on-month, CPI decreased by 0.6%, a decline of 0.3 percentage points compared to the previous month[2] - Core CPI rose by 0.3% year-on-year, an increase of 0.1 percentage points from the previous month[2] Food and Non-Food Prices - Food prices increased by 1.0% year-on-year, a decrease of 1.9 percentage points from the previous month[2] - Non-food prices remained flat after a 0.3% decline in the previous month[2] - The year-on-year change in food prices was significantly impacted by seasonal factors and stable supply of fresh produce[2] Producer Price Index (PPI) - November PPI decreased by 2.5% year-on-year, better than the expected decline of 2.7% and previous decline of 2.9%[2] - The year-on-year change in PPI was influenced by a -0.3 percentage point tail effect and a new impact of -2.2 percentage points[2] - Prices of production materials fell by 2.9%, while living materials decreased by 1.4%[2] Market Outlook - Overall inflation continues to weaken, but core CPI shows improvement, indicating marginal recovery in domestic demand due to policy support[2] - Future fiscal measures are expected to effectively boost domestic demand, although transmission to consumer prices may require patience[2]