[National Bureau of Statistics: CPI fell 0.1% month-on-month, mainly due to seasonal declines in service prices] Jinshi Data, December 10 – The National Bureau of Statistics interprets the CPI data for November 2025. The data shows that the CPI fell 0.1% month-on-month, mainly influenced by seasonal declines in service prices. Service prices dropped by 0.4%, contributing approximately 0.16 percentage points to the month-on-month decline in CPI. Specifically, post-holiday travel demand experienced a seasonal decline, with prices for hotel accommodations, airline tickets, travel agency fees, and vehicle rental fees decreasing by 10.4%, 10.2%, 6.2%, and 3.6%, respectively, collectively contributing approximately 0.13 percentage points to the month-on-month CPI decline. Housing rentals entered the off-season, with rental prices dropping by 0.2%. Due to fluctuations in international oil prices, domestic gasoline prices fell by 2.2%, contributing approximately 0.07 percentage points to the month-on-month CPI decline.