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Macro EconomyMediumUpdated×2•Originally published 9 November 2026•Updated 9 November 2026•
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China’s October Consumer Inflation Slows to 0.7% as Producer Prices Jump

Key Facts

1China’s consumer price index rose 0.9% year over year and 0.2% month over month in September 2026.
2The official manufacturing purchasing managers’ index was 49.3 points in October 2026, below the 50 threshold.
3The new export orders index fell to 48.7 points in October, from 50.0 in September.
4Market consensus expected annual inflation of 0.8% for October, following September’s 0.9% reading.

China's consumer price index slowed to 0.7% year-over-year in October 2026. According to official data, the reading fell below the 0.9% recorded in September, while the producer price index accelerated to 5.7% during the same month.

The slowdown in consumer prices coincided with a contraction in industrial activity, as the official manufacturing PMI fell to 49.3 points in October from 50.1 in September. The Associated Press reported that the new export orders index also declined to 48.7 points, reflecting persistent pressure on domestic and foreign demand amid the ongoing property sector downturn.

The Shanghai Composite index closed at 3,452.30 on November 8, 2026, prior to the release of these figures which highlight a sharp divergence between rising production costs and slowing final consumer price growth.