On December 16, the Beijing Municipal Bureau of Statistics released economic performance data for the first 11 months of the year. In November, the city's consumer price index (CPI) increased by 0.6% year-on-year, accelerating by 0.5 percentage points from the previous month, while declining 0.2% month-on-month.
From January to November, Beijing's CPI dropped 0.3% year-on-year, maintaining the same decline as the January-October period. Food prices fell 2.4%, while non-food prices edged up 0.1%. Consumer goods prices decreased 0.5%, while service prices remained flat. Among the eight major CPI categories, four saw price increases while four declined.
Notably, prices for other goods and services surged 12.1% year-on-year, followed by household goods and services (up 1.9%), clothing (up 0.2%), and housing (up 0.1%). In contrast, transportation and communication costs dropped 2.2%, food and tobacco/alcohol prices fell 1.5%, education/culture/entertainment declined 1.2%, and healthcare decreased 0.5%.
Meanwhile, Beijing's producer price index (PPI) for November declined 1.3% year-on-year, narrowing by 0.1 percentage points from October's drop, while falling 0.2% month-on-month. Input prices fell 1.7% year-on-year, with the decline narrowing by 0.3 percentage points from the previous month, and dipped 0.1% month-on-month.
For the January-November period, both PPI and input prices recorded a 1.7% year-on-year decrease, unchanged from the January-October figures.
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