Overview
- Consumer prices rose 0.2% year on year in October, topping forecasts for no change after a 0.3% drop in September.
- Core inflation reached 1.2% year on year, a 20‑month high that points to slightly firmer underlying price pressures.
- Producer prices fell 2.1% from a year earlier, easing from September’s 2.3% decline and marking a 37th straight month in negative territory.
- NBS statistician Dong Lijuan said capacity management in key industries helped narrow producer price declines.
- Policy rates have been kept steady for five months as the economy remains on track for about 5% growth this year, though momentum has cooled.