AI Data Insight
China's Q4 2025 PPI for consumer goods dropped to 98.5 (down 1.5% YoY), a further widening of the decline compared to the previous reading of 98.9 in Q4 2024, indicating that the downstream retail consumer market remains trapped in deflation. Although upstream means of production benefited from rebounding raw material prices, prices for durable goods and food remained sluggish, highlighting the dual challenges of squeezed profits and insufficient domestic demand faced by enterprises.