In October, the year-on-year Consumer Price Index turned positive, with prices in industries advocating against overwork actively improving.

The inflation data released by the National Bureau of Statistics on November 9th for October sent a positive signal. With the continued effectiveness of policies such as expanding domestic demand, combined with the boost from the National Day and Mid-Autumn Festival holidays, the consumer price index rose by 0.2% month-on-month and 0.2% year-on-year. The core CPI, which excludes food and energy prices, rose by 1.2% year-on-year, expanding for the 6th consecutive month. Pang Ming, a senior researcher at the National Finance and Development Laboratory, told reporters that the price data for October reflects a steady increase in China's economic vitality and the continuous release of domestic demand potential. The improvement in price data indicators is comprehensive, stable, and better than seasonal levels, reflecting further smooth circulation of the economy and improvement in growth quality. The effects of policies such as expanding domestic demand to boost consumption and enhancing supply in response to consumption trends are significant. Overall, there is improvement in the macroeconomic situation, social expectations, and industry supply-demand relationships.