（文章来源：国家统计局） 国家统计局发布数据显示，8月份，一线城市新建商品住宅销售价格同比下降0.9%，降幅比上月收窄0.2 个百分点。其中，上海上涨5.9%，北京、广州和深圳分别下降3.5%、4.3%和1.7%。二、三线城市新建 商品住宅销售价格同比分别下降2.4%和3.7%，降幅分别收窄0.4个和0.5个百分点。8月份，一线城市二 手住宅销售价格同比下降3.5%，降幅比上月扩大0.1个百分点。其中，北京、上海、广州和深圳分别下 降3.1%、2.6%、6.2%和1.9%。二、三线城市二手住宅销售价格同比分别下降5.2%和6.0%，降幅均收窄 0.4个百分点。 ...

表 1：2025 年 8 月70个大中城市新建商品住宅销售价格指数 | 城市 | 环比 | | | | --- | --- | --- | --- | | 同比 | 1-8月平均 | | | | 城市 | 环比 | | | | 同比 | 1-8月平均 | | | | 上月=100 | 上年同月=100 | | | | 上年同期=100 | 上月=100 | | | | 上年同月=100 | 上年同期=100 | | | | 北京 | 99.6 | | | | 96.5 | 95.3 | | | | 唐山 | 99.4 | | | | 93.8 | 92.9 | | | | 天津 | 99.5 | | | | 98.2 | 97.9 | | | | 秦 | 皇 | 岛 | 99.6 | | 94.7 | 93.6 | | | | 石 | 家 | 庄 | 99.5 | | 96.7 | 96.5 | | | | 包头 | 99.1 | | | | 94.2 | 93.8 | | | | 太原 | 99.7 | | | | 101.0 | 101.1 | | | | 丹东 | 99.6 | | | | 95.7 | ...

Core Viewpoint - The monitoring of market prices for 50 important production materials across nine categories shows a mixed trend, with 8 products experiencing price increases, while 40 products saw price declines, and 2 remained stable in early September 2025 compared to late August 2025 [2]. Group 1: Price Changes in Major Categories - In the black metal category, prices for rebar, wire rod, and ordinary plates decreased by 1.3%, 1.6%, and 0.7% respectively, with rebar priced at 3175.0 yuan per ton [4]. - In the non-ferrous metal category, electrolytic copper increased by 1.0% to 80030.0 yuan per ton, while aluminum ingots decreased by 0.3% to 20686.3 yuan per ton [4]. - Chemical products showed varied results, with caustic soda increasing by 1.5% to 909.7 yuan per ton, while pure benzene and styrene saw declines of 2.5% and 3.1% respectively [4]. Group 2: Energy and Coal Prices - In the petroleum and natural gas sector, liquefied petroleum gas (LPG) increased by 1.6% to 4503.7 yuan per ton, while gasoline prices decreased by 0.6% for 95 and 0.7% for 92 grades [4]. - Coal prices also experienced declines, with ordinary mixed coal dropping by 5.5% to 526.6 yuan per ton, and Shanxi premium mixed coal decreasing by 2.0% to 687.5 yuan per ton [4]. Group 3: Agricultural Products and Inputs - In agricultural products, the price of yellow corn decreased by 0.1% to 2299.7 yuan per ton, while cotton prices fell by 0.2% to 14720.2 yuan per ton [5]. - Fertilizer prices showed a decline, with urea dropping by 1.3% to 1736.4 yuan per ton, while pesticide prices increased by 0.7% to 27275.0 yuan per ton [5]. Group 4: Monitoring Methodology - The monitoring of market prices includes data from over 2000 wholesalers, agents, and distributors across more than 300 trading markets in 31 provinces [8]. - The price monitoring methods involve on-site price collection, telephone inquiries, and electronic communications [9].

Group 1: Core CPI Analysis - The core Consumer Price Index (CPI) increased by 0.9% year-on-year, marking the fourth consecutive month of growth [3] - The decline in overall CPI is attributed to a high comparison base from the previous year and lower seasonal food price increases, with food prices down 4.3% year-on-year [2][3] - Non-food prices rose by 0.5%, contributing approximately 0.43 percentage points to the CPI year-on-year increase [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) saw a year-on-year decline of 2.9%, but the rate of decline narrowed by 0.7 percentage points compared to the previous month, the first narrowing since March [5] - The PPI's month-on-month change shifted from a 0.2% decline to flat, influenced by improved supply-demand relationships in certain sectors [4][5] - Prices in coal processing, black metal smelting, and other industries showed reduced year-on-year declines, contributing to the overall narrowing of the PPI decline [5][6]

其他七大类价格同比六涨一降。其中，其他用品及服务、衣着、生活用品及服务价格分别上涨8.6%、 1.8%和1.8%，教育文化娱乐、医疗保健、居住价格分别上涨1.0%、0.9%和0.1%;交通通信价格下降 2.4%。 二、各类商品及服务价格环比变动情况 8月份，食品烟酒类价格环比上涨0.3%，影响CPI上涨约0.09个百分点。食品中，鲜菜价格上涨8.5%，影 响CPI上涨约0.16个百分点;蛋类价格上涨1.5%，影响CPI上涨约0.01个百分点;鲜果价格下降2.8%，影响 CPI下降约0.06个百分点;水产品价格下降0.9%，影响CPI下降约0.02个百分点;猪肉价格下降0.5%，影响 CPI下降约0.01个百分点。 其他七大类价格环比一涨两平四降。其中，医疗保健价格上涨0.3%;居住、其他用品及服务价格均持平; 交通通信价格下降0.3%，衣着、生活用品及服务、教育文化娱乐价格均下降0.1%。 2025年8月份，全国居民消费价格同比下降0.4%。其中，城市下降0.3%，农村下降0.6%;食品价格下 降4.3%，非食品价格上涨0.5%;消费品价格下降1.0%，服务价格上涨0.6%。1—8月平均，全国居民消费 价格比 ...

Group 1: Consumer Price Index (CPI) Analysis - The overall consumer market remained stable in August, with the CPI unchanged month-on-month and down 0.4% year-on-year, while the core CPI, excluding food and energy, rose by 0.9%, marking the fourth consecutive month of increase [1][3] - The year-on-year decline in CPI was primarily due to a high comparison base from the previous year and lower-than-seasonal food price increases, with food prices down 4.3% year-on-year, a decline that expanded by 2.7 percentage points compared to the previous month [2][3] - Non-food prices increased by 0.5%, contributing approximately 0.43 percentage points to the year-on-year CPI increase, with service prices also showing a gradual increase [3] Group 2: Producer Price Index (PPI) Analysis - The PPI month-on-month ended an eight-month downward trend, stabilizing after a 0.2% decline last month, with a year-on-year decrease of 2.9%, a reduction in the decline by 0.7 percentage points compared to the previous month [4][5] - Improvements in supply-demand relationships positively impacted prices in certain energy and raw material sectors, with coal processing prices rising by 9.7% month-on-month [4] - The decline in PPI was mitigated by proactive macroeconomic policies and improved market competition, leading to reduced year-on-year price declines in several industries, including coal processing and black metal smelting [5]

Core Insights - In August 2025, the Producer Price Index (PPI) for industrial producers decreased by 2.9% year-on-year, with the decline narrowing by 0.7 percentage points compared to the previous month, and month-on-month it stabilized from a decrease of 0.2% to flat [1][3][18] - The average PPI from January to August 2025 showed a decline of 2.9% compared to the same period last year [1][3] Year-on-Year Changes - In August, the prices of production materials fell by 3.2%, contributing approximately 2.40 percentage points to the overall PPI decline. The mining industry saw a significant price drop of 11.5%, while raw materials and processing industries experienced declines of 4.1% and 2.2%, respectively [6][11] - Consumer goods prices decreased by 1.7%, impacting the overall PPI by about 0.45 percentage points. Notably, food prices fell by 1.7%, while durable goods prices dropped by 3.7% [6][11] Month-on-Month Changes - In August, the prices of production materials increased by 0.1%, contributing approximately 0.08 percentage points to the overall PPI increase. The mining industry prices rose by 1.3%, while raw materials increased by 0.2% [10][11] - Conversely, consumer goods prices decreased by 0.1%, with food prices rising slightly by 0.1% and durable goods prices declining by 0.3% [10][11] Specific Price Movements - In the industrial producer purchase prices, fuel and power prices fell by 9.7%, while chemical raw materials decreased by 6.2%. Conversely, prices for non-ferrous metals and wires increased by 4.7% [9][11] - The coal mining and washing industry saw a price increase of 2.8%, while black metal smelting and rolling industries experienced a rise of 1.9% [16][18] Economic Context - The narrowing of the PPI decline is attributed to improved supply-demand relationships in certain sectors, as well as the implementation of more proactive macroeconomic policies [18] - The ongoing optimization of market competition and the orderly management of key industry capacities have contributed to the reduction in the year-on-year price decline in several sectors [18]

工业生产者购进价格中，建筑材料及非金属类价格下降1.4%，化工原料类和农副产品类价格均下降0.4%； 燃料动力类价格上涨0.7%，黑色金属材料类价格上涨0.6%，有色金属材料及电线类、纺织原料类价格均上 涨0.1%。 工业生产者购进价格中，燃料动力类价格下降9.7%，化工原料类价格下降6.2%，黑色金属材料类和农副产 品类价格均下降5.6%，建筑材料及非金属类价格下降4.7%，纺织原料类价格下降2.0%；有色金属材料及电 线类价格上涨4.7%。 国家统计局消息，2025年8月份，全国工业生产者出厂价格同比下降2.9%，降幅比上月收窄0.7个百分点， 环比由下降0.2%转为持平。工业生产者购进价格同比下降4.0%，环比持平。1—8月平均，工业生产者出厂 价格比上年同期下降2.9%，工业生产者购进价格下降3.3%。 一、工业生产者价格同比变动情况 8月份，工业生产者出厂价格中，生产资料价格下降3.2%，影响工业生产者出厂价格总水平下降约2.40个百 分点。其中，采掘工业价格下降11.5%，原材料工业价格下降4.1%，加工工业价格下降2.2%。生活资料价 格下降1.7%，影响工业生产者出厂价格总水平下降约0.45个 ...

PPI环比结束连续8个月下行态势，由上月下降0.2%转为持平。本月PPI环比变动的主要特点：一是供需 关系改善影响部分能源和原材料行业价格环比由降转涨。煤炭加工价格由上月下降4.7%转为上涨 9.7%，煤炭开采和洗选业价格由下降1.5%转为上涨2.8%，黑色金属冶炼和压延加工业价格由下降0.3% 转为上涨1.9%，玻璃制造价格由下降1.5%转为上涨0.1%，电力热力生产和供应业价格由下降0.9%转为 上涨0.1%。二是输入性因素影响国内石油和部分有色金属行业价格环比回落。国际有色金属价格高位 震荡，国内有色金属冶炼和压延加工业价格上涨0.2%，涨幅比上月回落0.6个百分点，其中金冶炼、铝 冶炼价格均上涨0.2%，铜冶炼价格下降1.1%。国际油价下行带动国内石油开采、精炼石油产品制造价 格分别下降1.4%和0.6%。 PPI同比下降2.9%，降幅比上月收窄0.7个百分点，为今年3月份以来首次收窄。除受上年同期对比基数 走低影响外，我国加紧实施更加积极有为的宏观政策，一些行业价格呈现积极变化。一是国内市场竞争 秩序持续优化带动相关行业价格同比降幅收窄。全国统一大市场建设纵深推进，企业无序竞争得到治 理、重点行业产 ...

2025年8月份，全国居民消费价格同比下降0.4%。其中，城市下降0.3%，农村下降0.6%；食品价格下降4.3%，非食品价格上涨0.5%；消费品价格下降1.0%， 服务价格上涨0.6%。1—8月平均，全国居民消费价格比上年同期下降0.1%。 8月份，全国居民消费价格环比持平。其中，城市持平，农村上涨0.1%；食品价格上涨0.5%，非食品价格下降0.1%；消费品价格上涨0.1%，服务价格持平。 其他七大类价格环比一涨两平四降。其中，医疗保健价格上涨0.3%；居住、其他用品及服务价格均持平；交通通信价格下降0.3%，衣着、生活用品及服 务、教育文化娱乐价格均下降0.1%。 一、各类商品及服务价格同比变动情况 8月份，食品烟酒类价格同比下降2.5%，影响CPI（居民消费价格指数）下降约0.72个百分点。食品中，鲜菜价格下降15.2%，影响CPI下降约0.37个百分点； 蛋类价格下降12.4%，影响CPI下降约0.08个百分点；畜肉类价格下降8.0%，影响CPI下降约0.25个百分点，其中猪肉价格下降16.1%，影响CPI下降约0.24个 百分点；鲜果价格下降3.7%，影响CPI下降约0.08个百分点；粮食价格下降 ...