Core Insights - In October, there was a positive change in consumer prices, with a month-on-month increase and a year-on-year shift from decline to growth [1][3]. Group 1: Month-on-Month Changes - The Consumer Price Index (CPI) rose by 0.2% month-on-month, an increase of 0.1 percentage points from the previous month, driven by expanded holiday consumption and rising industrial goods prices [3]. - Holiday travel demand led to increased transportation and accommodation prices, with hotel prices rising by 8.6%, flight tickets by 4.5%, and tourism prices by 2.5% [3]. - Food prices increased by 0.3% month-on-month, with fresh vegetables, lamb, fresh fruits, shrimp, and beef seeing price increases between 0.5% and 4.3% [3]. - Industrial consumer goods prices rose by 0.3% month-on-month, contributing to the CPI increase [3]. Group 2: Year-on-Year Changes - The CPI increased by 0.2% year-on-year, reversing the previous month's decline of 0.3%, with core CPI (excluding food and energy) rising by 1.2%, an increase of 0.2 percentage points from the previous month [3][4]. - Service prices saw a year-on-year increase of 0.8%, with notable rises in air ticket and hotel prices, reflecting ongoing consumer upgrades and increased demand for high-quality services [4]. - Industrial consumer goods prices rose by 2% year-on-year, marking six consecutive months of growth, with household appliances and durable goods seeing price increases between 2.4% and 5% [4]. - The downward pressure from food and energy prices has lessened, with food prices down 2.9% and energy prices down 2.4% year-on-year, but the decline rates have narrowed compared to the previous month [4]. Group 3: Market Outlook - The overall market demand remains insufficient, and prices are operating at a low level despite positive changes in consumer prices [5]. - Future measures will focus on expanding domestic demand, promoting a unified national market, optimizing the competitive environment, and improving supply-demand relationships to facilitate reasonable price recovery [5].

Group 1 - In October, the Consumer Price Index (CPI) showed positive changes, with a month-on-month increase of 0.2%, an expansion of 0.1 percentage points from the previous month, driven by holiday consumption and rising industrial product prices [1] - The increase in service prices was notable, with hotel accommodation, flight tickets, and travel prices rising by 8.6%, 4.5%, and 2.5% respectively, influenced by strong demand during the holiday season [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] Group 2 - Year-on-year, the CPI rose by 0.2% in October, reversing a decline of 0.3% from the previous month, with core CPI (excluding food and energy) increasing by 1.2%, marking a continuous six-month expansion [2] - Service prices increased by 0.8% year-on-year, with significant rises in flight and hotel prices, driven by increased consumer spending on travel and cultural activities during the holidays [2] - Industrial product prices showed a steady increase, with a year-on-year rise of 2% (excluding energy), supported by effective consumption-boosting measures and improved market competition [2] Group 3 - The downward pressure from food and energy prices has lessened, with food and energy prices decreasing by 2.9% and 2.4% year-on-year respectively, but the decline has narrowed compared to the previous month [3] - The overall market demand remains insufficient, leading to a low overall price level, indicating the need for continued efforts to expand domestic demand and improve supply-demand relationships [3] - Future measures will focus on promoting reasonable price recovery through the construction of a unified national market and optimizing the competitive environment [3]

Group 1: CPI Analysis - In October, the Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, marking a shift from a decline of 0.3% in the previous month [2][3] - Service prices rose by 0.2%, driven by increased travel demand during the National Day and Mid-Autumn Festival, with hotel accommodation, flight tickets, and tourism prices rising by 8.6%, 4.5%, and 2.5% respectively [2][3] - Core CPI, excluding food and energy, rose by 1.2% year-on-year, the highest since March 2024, indicating a steady recovery in domestic consumption, particularly in service consumption [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) saw a month-on-month increase of 0.1% in October, the first rise of the year, influenced by improved supply-demand relationships in certain industries [4][5] - Year-on-year, PPI decreased by 2.1%, but the decline narrowed by 0.2 percentage points compared to the previous month, indicating a trend of price stabilization in key industries [5][6] - Prices in the coal mining and washing industry, photovoltaic equipment manufacturing, and integrated circuit manufacturing have shown upward trends, while international commodity prices have created a mixed impact on domestic prices [4][5] Group 3: Economic Outlook - Experts suggest that the improvement in price data reflects a comprehensive enhancement in the macroeconomic environment and industry sentiment, with a balanced supply-demand relationship [6][7] - The overall price level is expected to rise moderately in the next 3 to 6 months, supported by continued macroeconomic policies and a recovery in market confidence [7] - The construction of a modern industrial system and the expansion of market demand are anticipated to drive price increases in related industries, despite ongoing pressures from the real estate market on certain commodity prices [7]

Group 1: CPI Analysis - In October, the Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, indicating a recovery in consumer demand, particularly in the service sector [2][3][4] - The core CPI, excluding food and energy, rose by 1.2% year-on-year, marking the highest increase since March 2024 and reflecting a steady recovery in domestic consumption [3][4] - The increase in service prices, which rose by 0.8%, was driven by higher travel-related costs during the National Day and Mid-Autumn Festival, with hotel accommodation, flight tickets, and tourism prices rising significantly [3][4] Group 2: PPI Analysis - The Producer Price Index (PPI) saw a month-on-month increase of 0.1% in October, marking the first rise of the year, driven by improved supply-demand relationships in certain industries [5][6] - Year-on-year, the PPI decreased by 2.1%, but the decline was less severe than in previous months, indicating a narrowing trend in price drops across key sectors [7] - Specific industries such as coal mining, photovoltaic equipment manufacturing, and lithium-ion battery production experienced price increases, while oil and gas extraction faced price declines due to international oil price fluctuations [6][7] Group 3: Economic Outlook - Experts suggest that the improvement in price data reflects a comprehensive recovery in the economy, supported by macroeconomic policies and a balanced supply-demand relationship [8] - The overall price level is expected to rise moderately in the coming months, with CPI anticipated to recover gradually, characterized by strong food prices and weak energy prices [8] - The construction of a modern industrial system and the expansion of market demand are expected to drive price increases in related industries, although the real estate market's adjustment may continue to suppress prices in certain sectors [8]

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]

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]

Core Insights - In September, Liaoning Province's Consumer Price Index (CPI) decreased by 0.8% year-on-year, which is 0.5 percentage points lower than the national average. Month-on-month, it fell by 0.1%, also lower than the national average by 0.2 percentage points [1] Year-on-Year Analysis - Among eight categories of goods and services, the price changes showed a trend of "four increases, three decreases, and one stable." Notably, prices for other goods and services rose by 10.0%, while food, tobacco, and alcohol prices decreased by 3.4% [1] - Specific categories that saw price increases include: - Other goods and services: +10.0% - Daily necessities and services: +2.0% - Clothing: +1.1% - Education, culture, and entertainment: +0.6% - Categories with price decreases include: - Medical care: -0.3% - Transportation and communication: -2.8% - Food, tobacco, and alcohol: -3.4% - Housing: stable [1] Month-on-Month Analysis - The month-on-month price changes among the eight categories showed a trend of "four increases, two decreases, and two stable." Food prices increased by 0.2%, contributing approximately 0.03 percentage points to the overall price level [2] - Key contributors to food price increases include: - Fresh vegetables: +3.7% due to supply constraints from weather conditions - Fresh fruits: +1.7% driven by increased demand before holidays - Eggs: +3.6% influenced by seasonal storage and school procurement [2] - Non-food prices decreased by 0.2%, impacting the overall price level by approximately 0.15 percentage points. Significant decreases were noted in: - Airfare: -17.0% due to the end of peak travel and school seasons - Gasoline: -1.6% and diesel: -1.9% due to changes in international oil prices [3]

Core Insights - In August, the Consumer Price Index (CPI) in Liaoning Province decreased by 0.9% year-on-year, which is 0.5 percentage points lower than the national average [1] - Month-on-month, the CPI remained stable, aligning with the national average, ranking 16th in the country [1] Price Changes Overview - Year-on-year price changes for eight categories of goods and services showed a trend of "four increases, three decreases, and one stable" [1] - The categories with price increases included: - Other goods and services: up 9.1% - Daily necessities and services: up 1.7% - Clothing: up 1.4% - Education, culture, and entertainment: up 0.5% - Categories with price decreases included: - Medical care: down 0.3% - Transportation and communication: down 2.7% - Food, tobacco, and alcohol: down 3.6% - Housing prices remained stable [1] Month-on-Month Price Changes - Month-on-month price changes for the eight categories showed a trend of "two increases, three decreases, and three stable" [2] - Food prices remained stable month-on-month, but specific items experienced notable changes: - Fresh vegetables increased by 7.1% due to supply constraints, impacting the overall price level by approximately 0.12 percentage points - Fresh fruits decreased by 3.5%, affecting the overall price level by about 0.10 percentage points - Shrimp and crab prices decreased by 5.5% due to increased supply from the southern region, impacting the overall price level by approximately 0.04 percentage points - Non-food prices remained stable, contributing to a slight increase in the overall price level by about 0.01 percentage points [2]

Core Insights - In August, Nanjing's consumer price index (CPI) decreased by 0.7% year-on-year, with food prices dropping by 5.1% and non-food prices increasing by 0.3% [1][2] - The core CPI, excluding food and energy, rose by 0.6% year-on-year, marking an increase of 0.4 percentage points from the previous month [2] - Month-on-month, the CPI increased by 0.3%, driven by a 1.7% rise in food prices [3] Year-on-Year Price Changes - Eight categories of prices showed a mixed trend with five categories increasing and three decreasing [2] - Categories that saw price increases include clothing (1.7%), household goods and services (2.6%), education and culture (0.8%), healthcare (2.0%), and other goods and services (10.0%) [2] - Categories with price declines include food and tobacco (3.0%), housing (0.6%), and transportation and communication (3.1%) [2] Month-on-Month Price Changes - Month-on-month, five categories increased while three decreased [3] - Notable increases were seen in food and tobacco (1.2%), healthcare (1.7%), and education and culture (0.4%) [3] - Decreases were observed in clothing (0.8%), housing (0.3%), and household goods and services (0.5%) [3] Food Price Dynamics - Food prices year-on-year decreased by 5.1%, significantly impacting the overall price level by approximately 0.91 percentage points [2] - Specific food items such as fresh vegetables, pork, and shrimp saw declines of 17.4%, 15.7%, and 5.9% respectively, while freshwater fish prices increased by 7.0% [2] - Month-on-month, food prices rose by 1.7%, contributing about 0.28 percentage points to the overall price level [3] Non-Food Price Trends - Non-food prices shifted from a 0.1% decline to a 0.3% increase year-on-year, contributing approximately 0.24 percentage points to the overall price level [2] - Industrial consumer goods prices increased by 0.6%, while service prices remained stable [2] - Month-on-month, industrial consumer goods prices decreased by 0.3%, with notable declines in gasoline and diesel prices [3]

Core Insights - In July, Guangzhou's Consumer Price Index (CPI) increased by 0.5% month-on-month and remained flat year-on-year, while the average CPI from January to July decreased by 0.2% compared to the same period last year [1] Price Movements - Food prices decreased by 0.8% month-on-month, while non-food prices increased by 0.8% [1] - The prices of education, culture, and entertainment rose by 3.0%, driven by increased travel demand during the summer season, with travel agency fees up by 15.0% and other travel prices up by 12.5% [1] - Transportation and communication prices rose by 2.0%, with air ticket prices increasing by 30.6% due to high demand and fuel surcharges [1] - The prices of food, tobacco, and alcohol decreased by 0.6%, with fresh fruit prices down by 3.5% and shrimp and crab prices down by 3.8% [1] Other Price Categories - Prices for daily necessities and services increased by 1.3%, while other goods and services rose by 1.1% [2] - Housing prices increased slightly by 0.1%, and medical care prices also rose by 0.1%, while clothing prices decreased by 0.6% [2]