Story perspectives

China's Inflation Rises to Two-Year High Amid Price Drops

12/10/2025

Summary

Story summary

In November 2024, China's consumer inflation rose to 0.7%, the highest in nearly two years, while producer prices fell 2.2%.
The National Bureau of Statistics reported a 0.1% month-on-month decline in the Consumer Price Index (CPI) due to seasonal drops in service prices.
Core inflation remained steady at 1.2% year-on-year.
Food prices drove inflation up, reversing declines, and stimulus boosted prices for home appliances and clothing while energy prices fell.

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Story summary

In November 2024, China's consumer inflation rose to 0.7%, the highest in nearly two years, while producer prices fell 2.2%.
The National Bureau of Statistics reported a 0.1% month-on-month decline in the Consumer Price Index (CPI) due to seasonal drops in service prices.
Core inflation remained steady at 1.2% year-on-year.
Food prices drove inflation up, reversing declines, and stimulus boosted prices for home appliances and clothing while energy prices fell.