Overview
- Official data show the consumer price index rose 0.2% year on year in October, ending a three‑month stretch of non‑positive readings.
- Service prices climbed 0.8% as hotel and airfare costs increased, with travel-related prices up 2.1% compared with 0.9% in September.
- Core CPI, which excludes food and energy, increased 1.2%, indicating modest underlying price gains.
- Food prices fell 2.9% from a year earlier, including a 16.0% drop in pork, a key driver of household grocery costs.
- Producer prices declined 2.1% year on year, marking the 37th straight monthly fall, while vehicle prices dropped 1.9% amid intense price competition.