China Taxa De Inflação

China’s annual inflation rate picked up to 0.7% in November 2025 from 0.2% in the prior month, aligning with market consensus and marking the highest level since February 2024. Food prices rose for the first time in ten months (0.2% vs -2.9% in October), supported by rebounds in prices of fresh vegetables and fresh fruit, coupled with a less steep drop in pork. Also, non-food inflation increased further (0.8% vs 0.9%), lifted by the ongoing consumer trade-in programs. Prices continued to rise for clothing (1.9% vs 1.7%), healthcare (1.6% vs 1.4%), and education (0.8% vs 0.9%). Meantime, housing prices were flat after edging up 0.1% previously, while transport costs fell further (-2.3% vs -1.5%). Core inflation, which excludes food and energy, rose 1.2% yoy, matching October's pace and remaining at its highest level in 20 months. On a monthly basis, consumer prices fell 0.1%, after an October reading and forecasts of a 0.2% rise, marking the first drop in five months.