China’s consumer inflation likely accelerated in November as bad weather pushed up vegetable prices, reports Caixin, while factory-gate deflation is expected to remain broadly unchanged from October.
A Caixin survey of 13 domestic and international institutions shows economists generally expect November’s consumer price index (CPI) inflation to rise, with an average forecast of 0.7% year-on-year.
Zhang Yu, chief macro analyst at Huachuang Securities, told Caixin she expects CPI growth to accelerate to around 0.7%, driven mainly by food. Since late October 2025, low temperatures, increased autumn rain and freezing and flood damage in some regions have tightened vegetable supply, she said, while noting the impact is unlikely to last.