中国10月CPI同比上涨0.3%（预计上涨0.4%，此前上涨0.4%），通货紧缩前景依然存在。2024年10月CPI同比上涨0.3%，低于9月的0.4%，也低于经济学家0.4%的预期中值：表明消费者需求持续疲软，通货紧缩担忧依然存在。2023年底，中国面临了四个月的通货紧缩。

China October CPI +0.3% y/y (expected +0.4%, prior +0.4%), deflation prospect lingers.October 2024 CPI rose 0.3% year-on-year, down from 0.4% in September, and below economists' median expectations of 0.4%: Shows continued weak consumer demand and keeps deflation concerns active. China faced deflation for four months at the end of 2023.

2024年10月，中国食品价格同比上涨2.9%，较上月3.3%的20个月来最大涨幅有所放缓，同时标志着连续第三个月上涨。

Food prices in China increased by 2.9% year-on-year in October 2024, slowing from the steepest rise in 20 months of 3.3% in the previous month while marking the third consecutive month of gains.

2024年10月，中国生产者价格指数同比下降2.9%，此前一个月下降2.8%，市场预测下降2.5%。这标志着连续第25个月生产者通货紧缩，也是自2023年11月以来最严重的收缩，原因是尽管北京方面继续努力扭转这一趋势，但国内需求持续不稳定。

China's producer prices dropped by 2.9% year-on-year in October 2024, after a 2.8% decline in the previous month and market forecasts of a 2.5% fall. This marked the 25th consecutive month of producer deflation and the steepest contraction since November 2023, due to persistently shaky domestic demand despite Beijing continued its efforts to reverse the trend.

2024年10月，中国的年通货膨胀率为0.3%，而市场估计和9月份的数字为0.4%。这标志着消费者通胀连续第九个月出现，但这是自6月以来的最低水平，突显出尽管北京在9月底采取了刺激措施来支持经济放缓，但通货紧缩风险仍在上升。非食品价格继续下跌（9月份为-0.3%对-0.2%），主要原因是运输成本（-4.8%对-4.1%）和住房成本（-0.1%对-0.1%）进一步下降。相反，医疗保健（1.1%对1.2%）和教育（0.8%对0.6%）的价格上涨。在食品方面，价格在9月份经历了20个月来的最大涨幅（2.9%对3.3%）后有所放缓。核心消费者价格（不包括食品和能源）同比上涨0.2%，9月份为2021年2月以来最低涨幅0.1%。CPI在9月份持平后，每月下跌0.3%，超过了0.1%的普遍跌幅。

China’s annual inflation rate stood at 0.3% in October 2024, compared with market estimates and September’s figure of 0.4%. This marked the ninth straight month of consumer inflation, but it was the lowest reading since June, underscoring rising deflation risks despite Beijing’s stimulus measures in late September to support the slowing economy. Non-food prices continued to decline (-0.3% vs -0.2% in September), largely driven by further drops in the cost of transport (-4.8% vs -4.1%) and housing (-0.1% vs -0.1%). Conversely, prices increased for healthcare (1.1% vs. 1.2%) and education (0.8% vs 0.6%). On the food side, prices moderated after experiencing their sharpest rise in 20 months in September (2.9% vs 3.3%). Core consumer prices, excluding food and energy, rose 0.2% yoy after the smallest increase since February 2021 of 0.1% in September. Monthly, the CPI fell by 0.3%, exceeding the consensus of a 0.1% decline, following a flat reading in September.