In October 2020, the Consumer Price Index (CPI) went up by 0.5% year-on-year, with an increase of 0.5% in urban and 0.4% in rural. The food prices went up by 2.2% and the non-food prices were unchanged. The prices of consumer goods rose by 0.6%, and that of services grew by 0.3%. From January to October, on average, the overall consumer prices were up by 3.0% from the same period of the previous year.

In October, national consumer prices fell by 0.3% month-on-month. Among them, the prices down by 0.3% in urban and 0.5% in rural; the prices of foodstuff decreased by 1.8% and the prices of non-foodstuff increased by 0.1%; that of consumer goods declined by 0.6% and that of services advanced by 0.1%.

(Source: China’s National Bureau of Statistics)

Fig.: Variation in Consumer Price Index in China (Oct 2019-Oct 2020)