Yueqing, China – October 14: A shopper chooses fruit at a supermarket in Yueqing, Zhejiang Province, China (Photo taken on October 14, 2026).
Video Visual China Group | Getty Images
China’s producer prices rose at the highest rate since June 2022, accelerating for the third consecutive month.
The PPI was 5.7% in October, compared to 5.3% expected by economists polled by Reuters. Rising prices in the mining and raw material industries were a contributing factor to the increase.
China’s consumer inflation rate slowed to 0.7% in October, the first slowdown after two consecutive months of increases.
The figure was lower than the 0.8% rise expected by economists polled by Reuters and below September’s 0.9% rise.
Core inflation, which excludes food and energy prices, was 0.8%, down from 1% a month earlier.
Dong Lijuan, chief statistician for urban areas at China’s National Bureau of Statistics, said the rise in consumer prices was still held back by gasoline prices, which remain the biggest driver of price increases, but was offset by a stronger-than-expected drop in food prices.
China’s economy has recently shown signs of expansion. Growth in the third quarter exceeded expectations, and retail sales rose significantly in September.
Mainland China’s CSI300 index rose 0.56% after the release of the statistics.
