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]

Core Insights - The National Bureau of Statistics reported that in October, the Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, driven by policies aimed at expanding domestic demand and the impact of the National Day and Mid-Autumn Festival holidays [1] - The core CPI, excluding food and energy prices, rose by 1.2% year-on-year, marking the sixth consecutive month of growth [1] - The Producer Price Index (PPI) shifted from flat in the previous month to a 0.1% increase month-on-month, representing the first rise of the year, while the year-on-year decline narrowed to 2.1%, a reduction of 0.2 percentage points from the previous month [1] Economic Indicators - CPI month-on-month increase: 0.2% [1] - CPI year-on-year increase: 0.2% [1] - Core CPI year-on-year increase: 1.2% [1] - PPI month-on-month increase: 0.1% [1] - PPI year-on-year decrease: 2.1% [1] - PPI decline narrowing: 0.2 percentage points [1]

国家统计局11月9日发布的数据显示，10月份，全国居民消费价格指数（CPI）同比、环比均上涨0.2%，扣除食品和能源价格的核心CPI同比上涨1.2%，涨 幅连续第6个月扩大。 10月份，全国工业生产者出厂价格指数（PPI）同比下降2.1%，降幅比上月收窄0.2个百分点，环比由上月持平转为上涨0.1%，为年内首次转正。 食品价格涨幅高于季节性。董莉娟表示，10月份，食品价格上涨0.3%，季节性水平为下降0.1个百分点。其中，节日期间消费需求增加，鲜菜、羊肉、鲜 果、虾蟹类和牛肉价格环比涨幅在0.5%至4.3%之间。工业消费品价格稳中有涨，受国际金价上涨影响，国内金饰品价格环比上涨10.2%。 从同比看，10月份，CPI同比由上月下降0.3%转为上涨0.2%。 董莉娟表示，食品和能源价格仍处低位，但降幅均有收窄。食品价格同比下降2.9%，降幅比上月收窄1.5个百分点，影响CPI同比下降约0.54个百分点。能 源价格同比下降2.4%，其中汽油价格同比下降5.5%，影响CPI同比下降约0.18个百分点。 CPI环比涨幅扩大 同比转正 国家统计局城市司首席统计师董莉娟表示，受扩内需等政策措施持续显效，叠加国庆、中秋假期 ...

Core Viewpoint - In October, the implementation of policies aimed at expanding domestic demand, combined with the National Day and Mid-Autumn Festival holidays, led to a rise in the Consumer Price Index (CPI), which increased by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) rising by 1.2%, marking the sixth consecutive month of growth [1] Group 1: CPI Trends - The CPI increased by 0.2% month-on-month, a rise of 0.1 percentage points compared to September, slightly above seasonal levels [1] - The service prices shifted from a decline of 0.3% in September to an increase of 0.2%, exceeding seasonal levels by 0.2 percentage points, contributing approximately 0.07 percentage points to the month-on-month CPI increase [1] Group 2: Holiday Impact - The overlapping of the National Day and Mid-Autumn Festival holidays resulted in strong travel demand, with hotel accommodation, flight tickets, and tourism prices rising by 8.6%, 4.5%, and 2.5% respectively, all above seasonal levels [1] - Medical service prices also saw an increase of 0.5% during this period [1] Group 3: Food and Industrial Prices - Food prices rose by 0.3%, contrasting with a seasonal expectation of a 0.1% decline, driven by increased consumption demand during the holidays [1] - Prices for fresh vegetables, lamb, fresh fruits, shrimp and crabs, and beef increased between 0.5% and 4.3% [1] - Industrial consumer goods prices remained stable with a slight increase, while energy prices decreased by 0.4%, leading to a 0.3% rise in industrial consumer goods prices excluding energy, contributing approximately 0.07 percentage points to the CPI increase [1] - Domestic gold jewelry prices surged by 10.2% due to rising international gold prices [1]

（原标题：↑0.2%！刚刚，重磅发布！） 刚刚，国家统计局公布最新数据，2025年10月份，全国居民消费价格同比上涨0.2%。2025年10月份， 全国工业生产者出厂价格同比下降2.1%，降幅比上月收窄0.2个百分点；环比由上月持平转为上涨 0.1%。 国家统计局城市司首席统计师董莉娟表示，10月份，扩内需等政策措施持续显效，叠加国庆、中秋长假 带动，居民消费价格指数（CPI）环比上涨0.2%，同比上涨0.2%，扣除食品和能源价格的核心CPI同比 上涨1.2%，涨幅连续第6个月扩大。受国内部分行业供需关系改善、国际大宗商品价格传导等因素影 响，工业生产者出厂价格指数（PPI）环比由上月持平转为上涨0.1%，为年内首次上涨；同比下降 2.1%，降幅比上月收窄0.2个百分点，连续第3个月收窄。 10月份居民消费价格同比上涨0.2% 国家统计局11月9日公布数据显示，2025年10月份，全国居民消费价格同比上涨0.2%。其中，城市上涨 0.3%，农村下降0.2%；食品价格下降2.9%，非食品价格上涨0.9%；消费品价格下降0.2%，服务价格上 涨0.8%。1--—10月平均，全国居民消费价格比上年同期下降0.1%。 ...

Core Viewpoint - In October 2025, the national consumer price index (CPI) showed a year-on-year increase of 0.2%, with urban areas rising by 0.3% and rural areas declining by 0.2% [1]. Price Changes Year-on-Year - The prices of food, tobacco, and alcohol decreased by 1.6%, contributing to a 0.46 percentage point decline in CPI [2]. - Specific food items saw significant price drops: egg prices fell by 11.6% (impacting CPI by -0.08 percentage points), pork prices dropped by 16.0% (impacting CPI by -0.23 percentage points), and fresh vegetables decreased by 7.3% (impacting CPI by -0.18 percentage points) [2]. - Other categories showed price increases: other goods and services rose by 12.8%, clothing by 1.7%, and healthcare by 1.4% [2]. Price Changes Month-on-Month - In October, food, tobacco, and alcohol prices increased by 0.2%, contributing approximately 0.07 percentage points to CPI [5]. - Fresh vegetable prices surged by 4.3%, impacting CPI by 0.09 percentage points, while fresh fruit prices rose by 1.2% (impacting CPI by 0.03 percentage points) [5]. - Other categories experienced mixed results: other goods and services increased by 3.8%, while transportation and communication prices decreased by 0.2% [5].

Group 1: CPI Analysis - In October 2025, the Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, marking a shift from a decline to an increase [1][3] - The core CPI, excluding food and energy, rose by 1.2% year-on-year, the highest increase since March 2024, and has expanded for six consecutive months [3][6] - Service prices turned from a decline of 0.3% last month to an increase of 0.2%, driven by high travel demand during the National Day and Mid-Autumn Festival [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) saw a month-on-month increase of 0.1%, marking the first rise of the year, while the year-on-year decline narrowed to 2.1%, a reduction of 0.2 percentage points from the previous month [1][4] - Key industries such as coal mining and photovoltaic equipment manufacturing experienced price increases due to improved supply-demand relationships [4][5] - The year-on-year decline in PPI has been narrowing for three consecutive months, indicating a potential stabilization in industrial pricing [5][18] Group 3: Price Changes by Category - Food prices decreased by 2.9% year-on-year, with significant declines in pork (16.0%) and eggs (11.6%), impacting the overall CPI [3][8] - Non-food prices increased by 0.9% year-on-year, with notable increases in other categories such as medical care (1.4%) and education (0.9%) [6][12] - The average CPI for the first ten months of 2025 showed a decline of 0.1% compared to the same period last year [6][12]

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].

Core Insights - 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% [1] - Food prices decreased by 2.9% year-on-year, while non-food prices increased by 0.9% [1] - The average CPI for January to October 2025 showed a decline of 0.1% compared to the same period last year [1] Year-on-Year Price Changes - In October, the prices of food, tobacco, and alcohol decreased by 1.6%, contributing approximately 0.46 percentage points to the CPI decline [3] - Specific food items such as eggs and pork saw significant price drops of 11.6% and 16.0%, respectively, impacting the CPI by approximately 0.08 and 0.23 percentage points [3] - Other categories showed price increases, with other goods and services rising by 12.8%, and healthcare and education prices increasing by 1.4% and 0.9% respectively [3] Month-on-Month Price Changes - In October, food, tobacco, and alcohol prices increased by 0.2%, contributing about 0.07 percentage points to the CPI [7] - Fresh vegetables experienced a notable price increase of 4.3%, impacting the CPI by approximately 0.09 percentage points [7] - Other categories showed mixed results, with education and healthcare prices rising by 0.3%, while transportation and communication prices decreased by 0.2% [7]

Core Insights - The Consumer Price Index (CPI) in October 2025 showed a year-on-year increase of 0.2%, with urban prices rising by 0.3% and rural prices declining by 0.2% [1] - The core CPI, excluding food and energy, increased by 1.2%, marking the highest growth since March 2024 [3] Group 1: CPI Trends - The CPI rose by 0.2% month-on-month, which is 0.1 percentage points higher than the previous month and slightly above seasonal levels [2] - Service prices shifted from a decline of 0.3% to an increase of 0.2%, contributing approximately 0.07 percentage points to the CPI increase [2] - Food prices increased by 0.3%, contrasting with a seasonal expectation of a decline of 0.1% [2] Group 2: Food and Energy Prices - Year-on-year, food prices decreased by 2.9%, but the decline was narrower by 1.5 percentage points compared to the previous month [3] - Energy prices fell by 2.4%, with gasoline prices dropping by 5.5%, impacting the CPI by approximately 0.18 percentage points [3] - The prices of beef, lamb, and seafood saw increases ranging from 2.0% to 5.6% [3] Group 3: Service and Industrial Prices - Service prices rose by 0.8%, with significant increases in airline tickets (8.9%) and hotel accommodations (2.8%) [3] - Industrial consumer goods prices, excluding energy, increased by 2.0%, with notable rises in gold and platinum jewelry prices of 50.3% and 46.1%, respectively [3] - The impact of policies aimed at expanding domestic demand is evident, with prices for household appliances and durable goods rising between 2.4% and 5.0% [3]