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China's CPI rebounds in October

5:18pm 10 Nov, 2025 Andrea Zhu

Guangzhou (JLC), November 10, 2025--China's consumer price index (CPI), a main gauge of inflation, climbed by 0.2% year on year in October, versus a drop of 0.3% in September, according to data from the National Bureau of Statistics (NBS).

 

The rally was attributed to the country’s policies to boost domestic demand, coupled with expanded spending during the National Day and Mid-Autumn Festival holidays.

 

The core CPI, which excludes food and energy prices, rose by 1.2% from a year before, maintaining expansion for the sixth consecutive month and reaching its highest level since March 2024.

 

On a month-on-month comparison, the CPI also grew by 0.2% last month, accelerating from a rise of 0.1% in September, the NBS data indicates.

 

In the first ten months of 2025, the CPI edged down 0.1%.

 

China's producer price index (PPI), which measures factory-gate goods prices, fell by 2.1% year on year in October, narrowing from a 2.3% decrease in the prior month, the NBS data showed.

 

On a month-on-month comparison, the PPI edged up 0.1%, the first increase this year, due to improved demands in some sectors and higher global commodity costs.

 

In January-October, the PPI dropped by 2.7% from the same months last year.