China’s consumer price index (CPI) was unchanged on a month-over-month basis in October 2026, marking a slowdown from the 0.2% increase recorded in September 2026. The latest data, updated on 9 November 2026, show that price momentum has stalled, highlighting ongoing softness in underlying inflation.
On a month-over-month basis, the October reading of 0.0% compares with September’s 0.2% gain, when prices had still been edging higher versus the previous month. The shift to flat prices suggests that demand-side pressures remain muted, and that any inflationary impulse seen earlier in the autumn has faded.
The October CPI result will likely reinforce attention on China’s efforts to stabilize domestic demand and support price growth. With inflation stuck at zero on a monthly basis, policymakers and markets alike will be watching upcoming data closely for signs of either a renewed pickup in prices or a slide back toward deflationary territory.
