↑0.2%！刚刚，重磅发布！

Core Insights - In October 2025, the Consumer Price Index (CPI) increased by 0.2% year-on-year, while the Producer Price Index (PPI) decreased by 2.1%, with the decline narrowing by 0.2 percentage points compared to the previous month [1][9][17]. CPI Analysis - The CPI rose 0.2% month-on-month, with urban areas increasing by 0.3% and rural areas decreasing by 0.2%. Food prices fell by 2.9%, while non-food prices rose by 0.9% [3][19]. - The core CPI, excluding food and energy, increased by 1.2% year-on-year, marking the sixth consecutive month of growth [2][17]. - Key contributors to the CPI changes included a 11.6% drop in egg prices and a 16.0% decrease in pork prices, which significantly impacted the overall CPI [5][19]. PPI Analysis - The PPI saw a month-on-month increase of 0.1%, marking the first rise of the year, while the year-on-year decline of 2.1% continued to narrow [9][20]. - The decrease in PPI was influenced by a 2.4% drop in production material prices, with mining and raw material industries experiencing significant declines [13][21]. - Notably, the prices in the coal mining and washing industry increased by 1.6%, and the prices for photovoltaic equipment manufacturing rose by 0.6%, indicating some recovery in specific sectors [20][21]. Price Changes in Goods and Services - In October, food and beverage prices decreased by 1.6% year-on-year, contributing to a 0.46 percentage point drop in CPI [5]. - The prices of other goods showed mixed results, with categories like other goods and services, and clothing prices rising by 12.8% and 1.7% respectively [5][7]. - Month-on-month, food prices increased by 0.2%, driven by a 4.3% rise in fresh vegetable prices [7][18]. Summary of Economic Policies - The ongoing expansion of domestic demand policies has positively impacted consumer prices, particularly during the National Day and Mid-Autumn Festival holidays [2][17]. - The improvement in supply-demand relationships in certain industries and the transmission of international commodity prices have also played a role in stabilizing producer prices [2][20].