In November 2025, inflation trends among major economies—China, the U.S., and the EU—showed pronounced divergence. China’s Consumer Price Index (CPI) rose 0.7% year-on-year, down slightly by 0.1% month-on-month but marking two consecutive months of recovery, indicating a mild rebound in domestic inflation pressure. Core CPI rose 1.2% year-on-year, reflecting underlying resilience in non-food and non-energy sectors. In contrast, U.S. CPI remained stable at 2.7% year-on-year, unchanged from the previous month but still persistently above the Federal Reserve’s 2% target for multiple months, signaling an incomplete disinflation process. The EU’s inflation rate stood at 2.4%, declining 0.2% month-on-month, continuing its gradual downward trend. Recent developments reveal weakening synchronicity across the three regions. China’s inflation has steadily rebounded since its August low, returning to positive growth in November, driven by a recovery in service consumption and base effects. Meanwhile, U.S. and EU inflation exhibit stickiness—U.S. inflation briefly peaked at 3.0% in September before easing slightly, remaining elevated overall. In the EU, despite broad disinflation, food prices rose 3.0% and services increased 3.8% year-on-year, with core inflation (excluding energy) reaching 2.7%, highlighting persistent structural pressures. Notably, energy prices rose only 0.3% year-on-year, indicating that current inflationary pressures are increasingly rooted in non-energy components. Overall, China’s inflation remains low but showing modest recovery, while the U.S. and EU face ongoing structural inflationary pressures, particularly from elevated food and service costs. This divergence is likely to lead to differentiated policy paths: China may maintain accommodative policies to boost domestic demand, whereas the Fed and ECB may continue cautious tightening. Key data points include China’s CPI at +0.7% (core +1.2%), the U.S. at 2.7%, and the EU at 2.4% (core 2.7%). The differing inflation trajectories will have significant implications for global monetary coordination and trade dynamics.