China’s consumer price index (CPI) rose 0.9% in the first nine months of 2026 compared with the same period last year. The producer price index (PPI) increased by 2.3%, the National Bureau of Statistics of China reported.
CPI growth was 0.1 percentage point lower than in the first half of the year. In September, consumer prices were up 0.9% year on year. Food prices fell 0.9% over the nine-month period, while energy prices rose 3.4%.
Among food products, pork prices declined 12.9%. Egg prices rose 6.9%, while beef and mutton prices each increased 6.1%. Fresh vegetables, aquatic products and fruit rose by 1.4%, 1.2% and 0.7%, respectively.
Core CPI, which excludes food and energy, increased by 1.1%. Service prices rose 0.8%. Gold jewellery prices were up 44.5%, and data storage devices rose 40.4%.
PPI fell in January and February before turning upward in March. In September, it was 5% higher than a year earlier. Over January–September, prices in oil and gas extraction rose 9.9%, while coal mining and washing prices increased 10.6%.
Among industrial products, prices in non-ferrous metal smelting and processing rose 21.6%, electrical machinery and equipment increased 4.1%, and computers, communications and other electronic equipment rose 2.2%. Prices in consumer-goods manufacturing were broadly stable, down 0.3% year on year.
