MNI BRIEF: China CPI Positive Trend But Prices Remain Low- NBS

The 0.2% y/y rise of China's CPI in October reflected a positive trend, Fu Linghui, spokesperson and chief economist at the National Bureau of Statistics, told reporters Friday, but he cautioned that overall prices remain low and demand in the economy is still weak.

Looking ahead, authorities plan to promote a moderate price recovery through industrial capacity management, improvements to the market’s competitive environment, and a better balance of supply and demand, Fu added.

China’s consumer price index is expected to rise modestly to around 0.6% y/y in 2026, as improving pork prices support headline inflation, partly offset by a slowdown in core readings as gold-price momentum eases, local economists and analysts recently told MNI. (See MNI: China Core Inflation To Ease In 2026)