China's consumer prices rose 0.2% year-on-year in October 2025, signaling a modest recovery amid ongoing deflation in industrial sectors.

China's consumer prices rose 0.2% year-on-year in October 2025, marking a rebound from a 0.3% decline in September, according to the National Bureau of Statistics. The producer price index fell 2.1% annually, the third consecutive month of a narrowing drop, with the monthly PPI rising 0.1%—its first increase of the year. Officials cited improved supply-demand dynamics, industrial restructuring, and stronger holiday spending as contributing factors. Core inflation rose 1.2%, the highest since March 2024, while factory-gate deflation persisted amid weak demand and overcapacity.