In September 2025, the national Consumer Price Index (CPI) declined by 0.3% year-on-year, rebounding from August’s -0.4%, and rose 0.1% month-on-month, continuing recent low-volatility trends. Over the past six months, CPI year-on-year changes showed an initial decline followed by stabilization. While CPI briefly turned positive at 0.1% in June, it subsequently fell again. The narrowing decline in September indicates a marginal easing of deflationary pressure, though overall inflation remains negative. Breakdowns show non-food prices rose 0.7% year-on-year, and service prices increased 0.6%, reflecting resilient core inflation. Consumer goods prices fell 0.8% year-on-year, primarily dragged down by transport and communications, which dropped 2.0%. Notably, core CPI—excluding food and energy—rose 1.0% year-on-year with no change month-on-month, indicating sustained demand for goods and services, and underscoring an inflation structure dominated by non-food components. Specific categories saw moderate price increases: clothing (1.7%), medical care (1.1%), and education, culture, and entertainment (0.8%). Other goods and services surged 9.9% year-on-year, signaling structural pricing pressures in certain subcategories. Although food price data is currently unavailable, stable non-food and service indicators suggest current price trends are driven more by structural factors than broad-based deflation, allowing for targeted policy responses. Overall, while CPI remained low in September, signs of stabilization suggest a gradual improvement in inflation dynamics ahead.