In October, the CPI turned from a decline to an increase, showing signs of price stability.

In October, the national resident consumer price index turned from a decrease to an increase, rising by 0.2% year-on-year and 0.2% month-on-month. Stable prices are an important goal of monetary policy, and the central bank has repeatedly emphasized promoting a reasonable price increase as a key consideration. Industry experts have stated that there are signs of stabilization in prices recently. From international experience, the effects of monetary policy typically have a certain time lag, and China's inflation target of around 2% should be viewed reasonably from a medium to long-term perspective. Supportive monetary policy has created a suitable monetary and financial environment to promote a reasonable price increase. However, it should also be noted that while there is still some room for monetary policy, the marginal efficiency has significantly decreased.