China’s Inflation Holds Steady as Food Prices Cool in November

China’s consumer prices edged up 0.2% year-on-year in November, with warmer weather and improved supply chains cooling food costs . The National Bureau of Statistics (NBS) noted a slight dip from October’s 0.3% rise, as fresh produce, pork, and seafood prices softened.

NBS statistician Dong Lijuan highlighted that unseasonably mild November temperatures boosted agricultural output and logistics efficiency, easing pressure on food inflation. Meanwhile, non-food prices dipped as chilly weather slowed tourism and travel demand .

Wen Bin, economist at China Minsheng Bank, explained: ‘The dual effect of weather patterns created a balancing act – lower food prices offsetting slower service-sector activity.’ The producer price index (PPI) decline also narrowed, signaling tentative stabilization in factory-gate costs .

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China's Nov. CPI up, PPI decline narrows in November

cgtn.com