Inflation data from China for October 2025, Consumer Price Index (CPI) and Producer Price Index (PPI).<\/p>\n
CPI +0.2% y\/y <\/p>\n
expected 0.0%, prior -0.3%<\/p>\n
CPI +0.2% also for the m\/m<\/p>\n
PPI -2.1% y\/y (producer prices have now fallen for a 37th straight month)<\/p>\n
expected -2.2%, prior -2.3%<\/p>\n
This is slightly better than expected. The CPI is still flirting with deflation but has come in a touch stronger than expected. The PPI is still locked into deflation but there has been a small improvement. Its still going to be a long path back out of deflation for producer prices though. <\/p>\n
–<\/p>\n
Some background to this if you need it. <\/p>\n
Deflation in China has persisted since the pandemic, worsened by <\/p>\n
a property slump, weak consumer confidence, industrial overcapacity that has pushed companies into price warsand, of course, tariff headwinds this year impacting demand also<\/p>\n
Despite policy efforts to curb excess competition and stabilise prices, China\u2019s GDP deflator\u2014the broadest gauge of economy-wide prices\u2014has been negative for more than two years, the longest such run since records began in 1992.<\/p>\n
Beijing has lowered its official 2025 inflation target to around 2%, the lowest in over two decades. Inflation, however, remains near zero, reflecting deep structural imbalances. Analysts expect China remains likely to meet its 5% full-year target.<\/p>\n","protected":false},"excerpt":{"rendered":"Inflation data from China for October 2025, Consumer Price Index (CPI) and Producer Price Index (PPI). CPI +0.2%…\n","protected":false},"author":2,"featured_media":56555,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,30837,1294,56,54,55],"class_list":{"0":"post-252428","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china-inflation-cpi-ppi","10":"tag-economy","11":"tag-uk","12":"tag-united-kingdom","13":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/252428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=252428"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/252428\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/56555"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=252428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=252428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=252428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}