In November 2025, the national Consumer Price Index (CPI) rose 0.7% year-on-year, rebounding from October’s 0.2%, while declining 0.1% month-on-month, continuing the recent mild downward trend. Over the past six months, CPI showed a pattern of initial decline followed by recovery, falling from 0.1% in June to -0.4% in September before rebounding to 0.2% in October and further rising to 0.7% in November—indicating a temporary uptick in inflation pressure, though overall levels remain low.
By category, non-food CPI increased 0.8% year-on-year, and service prices rose 0.7%, both maintaining steady growth and serving as primary drivers of overall inflation. Prices for clothing, medical care, and education/culture/recreation rose 1.9%, 1.6%, and 0.8%, respectively, reflecting sustained demand for essential services. Notably, core CPI (excluding food and energy) rose 1.2% year-on-year—consistently above the overall level for multiple months—and declined slightly by 0.1% month-on-month, indicating resilient underlying inflation without significant easing.
Despite stable non-food and core indicators, consumer goods prices rose only 0.6% year-on-year, while transport and communications prices fell 2.3%, reflecting ongoing pressure on discretionary spending and travel costs. Housing prices remained unchanged year-on-year, while other goods and services surged 14.2%, likely due to volatility in specific service items. Overall, current price trends reflect a "non-food-driven, core-supported" pattern. Although short-term rebounds are evident, inflation remains broadly under control, suggesting a continued prudent policy stance.
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