{"id":273253,"date":"2025-11-09T13:04:10","date_gmt":"2025-11-09T13:04:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/273253\/"},"modified":"2025-11-09T13:04:10","modified_gmt":"2025-11-09T13:04:10","slug":"chinas-consumer-prices-return-to-growth-as-deflationary-pressures-persist","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/273253\/","title":{"rendered":"China\u2019s consumer prices return to growth as deflationary pressures persist"},"content":{"rendered":"

China\u2019s consumer prices<\/a> returned to growth in October \u2013 though the near-zero figure still pointed to persistent deflationary pressures amid weak domestic demand and trade uncertainties \u2013 while factory-gate prices continued to fall.<\/p>\n

The national consumer price index (CPI), a key gauge of inflation, rose 0.2 per cent year on year last month, according to data released by the National Bureau of Statistics on Sunday.<\/p>\n

The reading beat market expectations after a poll by financial provider Wind forecast a 0.04 per cent drop. In September, the CPI was down 0.3 per cent year on year.<\/p>\n

\u201cPolicies that aim at boosting domestic consumption showed an effect in October, in addition to the long holidays<\/a> of National Day and Mid-Autumn Festival that helped drive demand,\u201d said Dong Lijuan, a senior statistician at the bureau.<\/p>\n

Premier Li Qiang has called for more efforts to unleash potential consumption by removing restrictions on spending and accelerating the development of new growth drivers such as service industries and new forms of consumption at a meeting of the State Council, China\u2019s cabinet, in August.<\/p>\n

The world\u2019s second-largest economy is striving to meet its annual growth targets despite facing growing headwinds<\/a> in the second half of the year.<\/p>\n

\u201cCPI inflation rose in October. It is a surprise to the market,\u201d said Zhang Zhiwei, chief economist at Pinpoint Asset Management in Hong Kong, noting that \u201cit is too early to conclude the deflation is over\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s consumer prices returned to growth in October \u2013 though the near-zero figure still pointed to persistent deflationary…\n","protected":false},"author":2,"featured_media":273254,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,3686,99,512,30018,21450,51582,55773,28706,164,152662,41728,5465,55169,53886,49203,8261,4688,45558,156326,158735,10649,1055,3601],"class_list":["post-273253","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-beijing","tag-business","tag-china","tag-consumer-price-index","tag-cpi","tag-deflation","tag-deflationary-pressures","tag-domestic-demand","tag-economy","tag-factory-gate-prices","tag-food-prices","tag-inflation","tag-national-bureau-of-statistics","tag-ppi","tag-producer-price-index","tag-rare-earths","tag-tariffs","tag-trade-agreements","tag-trade-restrictions","tag-trade-uncertainties","tag-trade-war","tag-united-states","tag-washington"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/273253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=273253"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/273253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/273254"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=273253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=273253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=273253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}