Dong Lijuan, chief statistician of the City Department of the National Bureau of Statistics, interpreted the CPI and PPI data for October 2026. On a year-on-year basis, the national PPI rose 5.7%, an increase of 0.7 percentage points over the previous month. By major industries, among the industries where prices have risen, the coal mining and washing industry rose 36.6%, the oil and gas extraction industry, petroleum coal and other fuel processing industry, chemical raw materials and chemical products manufacturing industry rose 35.0%, 29.9% and 16.4% respectively, the gas production and supply industry rose 7.9%, computer communications and other electronic equipment manufacturing industries rose 5.9%, an average increase over the previous month; the non-ferrous metal mining and processing industry rose 16.3% and 18.6% respectively, both down from the previous month; electrical machinery and equipment manufacturing The industry rose 6.2%, the same increase as last month. Together, the nine industries mentioned above affected the PPI increase by about 6.14 percent year on year, and the upward impact increased 0.64 percent over the previous month. The five industries most affected by the price drop were alcohol, beverage and refined tea manufacturing, pharmaceutical manufacturing, non-metallic mineral products, automobile manufacturing, and electricity and heat production and supply. The decline was between 1.6% and 5.2%, which was narrower than the previous month. In total, the impact of the drop in PPI was about 0.60 percentage points year-on-year, and the impact of the drop down was 0.06 percentage points lower than the previous month.

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