China Inflation Rate Hits 3-Month Low

2026-11-09 01:34 By Chusnul Chotimah 1 min. read

China’s annual inflation rate eased to 0.7% in October 2026 from 0.9% in the prior month, marking the lowest level since June and falling slightly short of market expectations of 0.8%.

Non-food inflation held steady ( at 1.5%), with an acceleration in transport costs (5.3% vs 4.3% in September), reflecting the pass-through of recent fuel price hikes linked to higher global oil prices.

This was balanced by softer inflation in clothing (1.1% vs 1.2%) and healthcare (2.4% vs 2.7%).

Education costs rose a bit faster (1.5% vs 1.4%), while housing prices remained subdued (-0.3% vs -0.3%).

On the food side, prices fell for a seventh straight month (-2.9% vs -1.7%), posting their steepest fall in a year amid ample pork supplies and persistently weak consumption.

Core inflation, excluding food and energy, slowed to 0.8%, its weakest pace in nine months, from 1.0% in both August and September.

On a monthly basis, consumer prices were unchanged, matching forecasts after rising 0.2% in September.



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China Inflation Rate Hits 3-Month Low
China’s annual inflation rate eased to 0.7% in October 2026 from 0.9% in the prior month, marking the lowest level since June and falling slightly short of market expectations of 0.8%. Non-food inflation held steady ( at 1.5%), with an acceleration in transport costs (5.3% vs 4.3% in September), reflecting the pass-through of recent fuel price hikes linked to higher global oil prices. This was balanced by softer inflation in clothing (1.1% vs 1.2%) and healthcare (2.4% vs 2.7%). Education costs rose a bit faster (1.5% vs 1.4%), while housing prices remained subdued (-0.3% vs -0.3%). On the food side, prices fell for a seventh straight month (-2.9% vs -1.7%), posting their steepest fall in a year amid ample pork supplies and persistently weak consumption. Core inflation, excluding food and energy, slowed to 0.8%, its weakest pace in nine months, from 1.0% in both August and September. On a monthly basis, consumer prices were unchanged, matching forecasts after rising 0.2% in September.
2026-11-09
China Inflation Rate Slightly Below Estimates
China’s annual inflation rate edged up to 0.9% in September 2026 from 0.8% in August, slightly below market expectations of 1%. It marked the highest reading since June, with non-food inflation accelerating (1.5% vs 1.2% in August), driven by a sharper rise in transport costs (4.3% vs 2.5%) amid higher gasoline prices and stronger travel demand ahead of the Golden Week break. Upward price pressure also came from clothing (1.2% vs 1.3%), healthcare (2.7% vs 2.7%), and education (1.4% vs 1.4%). In contrast, housing costs stayed subdued (-0.3% vs -0.3%). On the food side, prices declined for the sixth straight month, pointing to the steepest pace in four months (-1.7% vs -1.4%), weighed down by a further drop in pork prices, as abundant pork supplies and weak consumption weighed on prices. Core inflation, excluding food and energy, rose 1.0% yoy, unchanged from August. On a monthly basis, consumer prices rose 0.2%, below forecasts of 0.3% and slowing from August’s six-month high of 0.4%.
2026-10-14
China Inflation Rate Accelerates as Expected
China’s annual inflation climbed to 0.8% in August 2026 from July’s six-month low of 0.5%, in line with market estimates. Non-food prices rose at a steeper rate (1.2% vs 0.9% in July), led by a sharp increase in transport costs (2.5% vs 0.4%) amid higher fuel prices and stronger travel-related demand. Upward price pressure also came from clothing (1.3% vs 1.4%), healthcare (2.7% vs 2.9%), and education (1.4% vs 1.3%). In contrast, housing costs remained subdued (-0.3% vs -0.3%). On the food side, prices declined for the fifth straight month (-1.4% vs -1.5%), weighed by a further drop in pork prices amid abundant supply and weak consumption. Core inflation, excluding food and energy, rose 1.0% yoy, up from July's six-month low of 0.9% On a monthly basis, consumer prices increased 0.4%, topping forecasts of a 0.3% gain and reversing a 0.1% drop in July. It also marked the highest monthly reading since February.
2026-09-09