China producer prices jump 5.7 percent as consumer inflation eases

China's consumer prices rose 0.7 percent in October from a year earlier and were flat on the month, while factory gate prices rose 5.7 percent on the year, led by coal, oil and gas extraction and fuel processing.

Why it matters: The split between hot upstream prices and soft consumer prices shows the energy and mining shock reaching Chinese factories without passing through to households, which squeezes industrial margins while leaving consumer inflation too low to constrain policy.

Data as of National Bureau of Statistics of China releases for October 2026, published November 9, 2026, in Chinese, and read in full in this run (the consumer price release via the estate browser route after the direct fetch failed); every figure is the Bureau's own, and the September comparisons are from the October release's own chart. Developing item.

China’s consumer price index rose 0.7 percent in October from a year earlier, down from 0.9 percent in September, and was flat on the month, the National Bureau of Statistics reported on Monday. Food prices fell 2.9 percent on the year, with fresh vegetables down 16.9 percent and pork down 8.6 percent, while prices excluding food and energy rose 0.8 percent and transport and communication prices rose 5.5 percent, including a 20.2 percent rise in vehicle fuel.

Factory gate prices moved the other way. The producer price index rose 5.7 percent from a year earlier and 0.7 percent on the month, with producer goods up 7.4 percent on the year as coal mining prices rose 36.6 percent, oil and gas extraction 35.0 percent and fuel processing 29.9 percent, while factory gate prices for consumer goods fell 0.1 percent. Across the first ten months of the year, consumer prices rose 0.9 percent on average and producer prices 2.7 percent.

China producer prices jump 5.7 percent as consumer inflation eases

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