China CPI Rises 0.2% in October as Producer Prices Keep Falling

Overview

• The consumer price index increased 0.2% year over year in October, the first rise since June, according to the National Bureau of Statistics.
• Producer prices fell 2.1% from a year earlier, extending a long contraction but improving from a 2.3% drop in September.
• The release on November 9 underscores only a tentative inflation pickup after months of declines and stagnation.
• Reporting links subdued consumption to a prolonged property-sector crisis and elevated youth unemployment since the pandemic.
• The coverage notes earlier trade tensions with the United States weighed on conditions, with some easing reported after an October meeting between Presidents Xi Jinping and Donald Trump in South Korea.