Jinshi Data, Nov. 9 — Dong Lijuan, Chief Statistician of the Urban Department of the National Bureau of Statistics, explains the CPI and PPI data for October 2026. Month on month, the national PPI rose 0.7%, with the increase narrowing by 0.5 percentage points from the previous month. The main features of this month's month-on-month PPI movements were as follows: Import-related and seasonal factors pushed up prices in major energy-related industries. Rising international energy prices drove domestic prices in the oil and natural gas extraction industry and the coal mining and washing industry up 6.0% and 2.7%, respectively. Pass-through from upstream basic energy prices, together with the release of demand for thermal coal and natural gas during the key preparation period for peak winter demand, among other factors, pushed prices in downstream refined petroleum product manufacturing, organic chemical raw material manufacturing, coal processing, and gas production and supply up 6.8%, 6.8%, 3.2%, and 1.5%, respectively. These six industries together contributed about 0.61 percentage points to the month-on-month PPI increase, accounting for more than 80% of the total increase. Orderly capacity management and the rapid development of artificial intelligence drove up prices in some raw material and equipment manufacturing industries. Capacity adjustments in some industries proceeded in an orderly manner, improving supply-demand conditions. Prices in the non-metallic mineral products industry rose 0.8%, while prices in the automobile manufacturing industry stabilized after falling for three consecutive months. The continued application of artificial intelligence in industrial transformation boosted demand and prices in related industries: prices in both the electrical machinery and equipment manufacturing industry and the computer, communications and other electronic equipment manufacturing industry rose 0.1%. $SPCXB #币安恢复HYPE与APT提现