China reported a clearer inflation rebound in November after the consumer price index rose 0.7 percent year-on-year. The inflation rebound reflected stronger food prices and steadier household demand across several major consumption categories.
Officials said food prices shifted upward after earlier declines reduced the comparison base for November. They noted that fresh produce, meat, and staple goods recorded broader gains across many regions. Analysts said these movements reinforced the inflation rebound and aligned with improving retail conditions.
Core inflation increased 1.2 percent year-on-year and extended its run above one percent. Economists viewed the reading as evidence of firmer discretionary spending supported by targeted stimulus measures. They explained that households showed greater confidence as labor-market conditions improved during the autumn period.
The CPI slipped 0.1 percent month-on-month because seasonal factors pulled down several service categories. Analysts said these declines appear regularly during late-year travel slowdowns and usually reverse early in the following year. They added that overall consumer sentiment remained stable across most provinces.
Economists based in Beijing said the government’s recent consumption programs strengthened activity in key retail sectors. They emphasized that household demand responded steadily to tax incentives, promotional campaigns, and credit support measures. They also argued that November’s data countered claims of persistent deflation pressures in China.
Producer prices fell 2.2 percent year-on-year because last year’s comparison base remained unusually high. Manufacturers, however, reported improved conditions as factory-gate prices increased 0.1 percent month-on-month. Analysts noted that the industrial sector showed better cost stability following earlier raw-material fluctuations.
Experts expect moderate inflation through early next year as domestic demand continues to recover. They believe that food prices, industrial stability, and policy guidance will shape near-term economic conditions. They also anticipate that consumer confidence will strengthen if employment indicators continue improving.
