Core Insights - In November 2025, the national consumer price index (CPI) increased by 0.7% year-on-year, with urban areas rising by 0.7% and rural areas by 0.4% [1] - The average CPI from January to November remained unchanged compared to the same period last year [1] - Month-on-month, the CPI decreased by 0.1% in November, with urban areas also declining by 0.1% while rural areas remained stable [1] Price Changes Year-on-Year - In November, the prices of food, tobacco, and alcohol increased by 0.3%, contributing approximately 0.09 percentage points to the CPI [2] - Fresh vegetable prices surged by 14.5%, impacting the CPI by about 0.31 percentage points, while pork prices fell by 15.0%, reducing the CPI by approximately 0.21 percentage points [2] - Other categories showed mixed results, with significant increases in other goods and services (14.2%), clothing (1.9%), and healthcare (1.6%), while transportation and communication prices decreased by 2.3% [2] Price Changes Month-on-Month - In November, food, tobacco, and alcohol prices rose by 0.3%, contributing around 0.07 percentage points to the CPI [3] - Fresh vegetable prices increased by 7.2%, adding approximately 0.17 percentage points to the CPI, while pork prices decreased by 2.2%, impacting the CPI negatively by about 0.03 percentage points [3] - Other categories experienced a mix of increases and decreases, with other goods and services (1.2%) and clothing (0.7%) rising, while transportation and education prices fell by 0.9% and 0.8%, respectively [3]

Group 1 - The core viewpoint of the article indicates that China's Consumer Price Index (CPI) for September decreased by 0.3% year-on-year, which was below the expected decline of 0.2% and an improvement from the previous value of -0.4% [1] - The month-on-month CPI for September showed a slight increase of 0.1%, which was lower than the expected 0.2% and compared to a previous value of 0% [1] - For the first nine months of the year, the CPI has decreased by 0.1% year-on-year [1] Group 2 - In September, the prices of food, tobacco, and alcohol increased by 0.5% month-on-month, contributing approximately 0.13 percentage points to the CPI increase [3] - Among the other seven major categories, four experienced price increases, one remained stable, and two saw declines [3] - Specifically, prices for other goods and services, and clothing rose by 1.3% and 0.7% respectively, while prices for living goods and services, and healthcare increased by 0.3% and 0.2% respectively; housing prices remained stable, while transportation and communication, and education and cultural entertainment prices fell by 0.9% and 0.4% respectively [3] Group 3 - Year-on-year, the prices of food, tobacco, and alcohol decreased by 2.6%, which negatively impacted the CPI by approximately 0.74 percentage points [5] - Among the other seven major categories, six saw price increases while one experienced a decline [5] - Notably, prices for other goods and services, living goods and services, and clothing rose by 9.9%, 2.2%, and 1.7% respectively, while healthcare, education and cultural entertainment, and housing prices increased by 1.1%, 0.8%, and 0.1% respectively; transportation and communication prices fell by 2.0% [5]

Group 1 - In September, the prices of food, tobacco, and alcohol decreased by 2.6% year-on-year, contributing to a CPI decline of approximately 0.74 percentage points [2] - Among food items, fresh vegetable prices fell by 13.7%, impacting CPI by about 0.35 percentage points; egg prices decreased by 11.9%, affecting CPI by approximately 0.08 percentage points; and meat prices dropped by 8.4%, contributing to a CPI decline of around 0.27 percentage points, with pork prices specifically down by 17.0%, impacting CPI by about 0.26 percentage points [2] - Fresh fruit prices decreased by 4.2%, affecting CPI by approximately 0.09 percentage points, while grain prices fell by 0.7%, contributing to a CPI decline of about 0.01 percentage points; seafood prices increased by 0.9%, impacting CPI by approximately 0.02 percentage points [2] Group 2 - In September, food, tobacco, and alcohol prices increased by 0.5% month-on-month, contributing to a CPI rise of about 0.13 percentage points [2] - Within food items, fresh vegetable prices rose by 6.1%, impacting CPI by approximately 0.13 percentage points; egg prices increased by 2.7%, affecting CPI by about 0.02 percentage points; and fresh fruit prices went up by 1.7%, contributing to a CPI increase of around 0.03 percentage points [2] - Seafood prices decreased by 1.8%, impacting CPI by approximately 0.04 percentage points, while pork prices fell by 0.7%, contributing to a CPI decline of about 0.01 percentage points [2]