Group 1 - The core viewpoint of the articles indicates a continuous recovery in consumer demand, with the Consumer Price Index (CPI) showing a slight increase while the Producer Price Index (PPI) has also risen, reflecting various economic factors [1][4][5] Group 2 - In January, the CPI increased by 0.2% month-on-month and year-on-year, while the core CPI, excluding food and energy, rose by 0.8% year-on-year [1] - The decline in food prices, particularly a 0.7% drop, contributed to a decrease in the CPI's year-on-year growth rate, with fresh vegetable prices rising by 6.9% but showing a reduced growth rate compared to the previous month [2][3] - Energy prices fell by 5.0% in January, impacting the CPI negatively by approximately 0.34 percentage points, with gasoline prices down 11.4% year-on-year [2][3] Group 3 - The PPI increased by 0.4% month-on-month, marking the fourth consecutive month of growth, driven by the ongoing development of a unified national market and increased demand in certain sectors [4][5] - Specific industries such as cement manufacturing and lithium-ion battery production saw price increases, while the prices of photovoltaic equipment turned from a decline to an increase of 1.9% [4] - Year-on-year, the PPI decreased by 1.4%, but the decline was less severe than in the previous month, with notable increases in the prices of non-ferrous metal mining and manufacturing sectors [5]

Group 1 - In January 2026, the national industrial producer price index (PPI) decreased by 1.4% year-on-year, with the decline narrowing by 0.5 percentage points compared to the previous month; month-on-month, it increased by 0.4%, with the increase expanding by 0.2 percentage points from the previous month [1] - The industrial producer purchase price index also saw a year-on-year decrease of 1.4%, with the decline narrowing by 0.7 percentage points from the previous month; month-on-month, it increased by 0.5%, with the increase expanding by 0.1 percentage points from the previous month [1] Group 2 - In January, the prices of production materials decreased by 1.3%, contributing approximately 1.06 percentage points to the overall decline in industrial producer prices; within this category, mining industry prices fell by 8.1%, raw materials prices decreased by 2.0%, and processing industry prices dropped by 0.4% [2] - Prices of living materials decreased by 1.7%, contributing about 0.38 percentage points to the overall decline; food prices fell by 1.9%, clothing prices decreased by 0.7%, and prices of general daily goods and durable consumer goods both declined by 1.8% [2] - In terms of purchase prices, fuel and power prices decreased by 7.1%, chemical raw material prices fell by 5.8%, and construction materials and non-metallic prices dropped by 4.7%; however, prices of non-ferrous metals and wires increased by 16.1% [2] Group 3 - Month-on-month, production material prices increased by 0.5%, contributing approximately 0.37 percentage points to the overall increase in industrial producer prices; mining industry prices decreased by 1.7%, while raw materials prices rose by 0.7% and processing industry prices increased by 0.5% [2] - Living material prices saw a slight increase of 0.1%, contributing about 0.01 percentage points to the overall increase; food prices decreased by 0.1%, clothing prices fell by 0.3%, and general daily goods prices dropped by 0.1%, while durable consumer goods prices increased by 0.3% [2]

Group 1: CPI Analysis - The Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) rising by 0.8% year-on-year [1] - The year-on-year CPI growth rate declined mainly due to the high base effect from the previous year's Spring Festival, with food prices decreasing by 0.7%, impacting the CPI by approximately 0.11 percentage points [1] - Energy prices fell by 5.0% in January, contributing to a year-on-year CPI decrease of about 0.34 percentage points, with gasoline prices down 11.4% [1] Group 2: Core CPI Trends - The core CPI (excluding food and energy) rose by 0.3% month-on-month, marking the highest increase in six months [2] - Prices for air tickets and travel agency services increased by 5.7% and 2.0% respectively, while prices for household appliances and personal care products saw increases between 0.7% and 1.4% [2] - The year-on-year increase in industrial consumer goods prices (excluding energy) expanded to 2.6%, with gold jewelry prices surging by 77.4% [2] Group 3: PPI Analysis - The Producer Price Index (PPI) rose by 0.4% month-on-month, marking the fourth consecutive month of increases, with the growth rate expanding by 0.2 percentage points from the previous month [3] - The increase in PPI was driven by the ongoing construction of a unified national market, leading to price rises in sectors such as cement manufacturing and lithium-ion battery production [3] - The year-on-year PPI decline narrowed to 1.4%, with significant price increases in the non-ferrous metal mining sector (up 22.7%) and cultural and educational products manufacturing (up 21.2%) [4]

Group 1: CPI Analysis - The Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) rising by 0.8% year-on-year [2][3] - The decline in food prices by 0.7% contributed to a decrease in CPI, while fresh vegetable prices rose by 6.9% [3][4] - Energy prices fell by 5.0%, impacting the CPI negatively by approximately 0.34 percentage points [3][4] Group 2: PPI Analysis - The Producer Price Index (PPI) rose by 0.4% month-on-month, marking the fourth consecutive month of increase, with the year-on-year decline narrowing to 1.4% [2][5] - The increase in PPI was driven by the ongoing construction of a unified national market, leading to price rises in sectors such as cement and lithium-ion battery manufacturing [5][6] - The prices in the non-ferrous metal mining sector increased by 22.7%, while energy-related industries continued to see price declines [7]

Group 1 - In January, the producer price index (PPI) for industrial producers showed a decline in the prices of production materials by 1.3%, contributing approximately 1.06 percentage points to the overall decrease in the PPI [2][10] - The prices in the extraction industry fell by 8.1%, while raw material prices decreased by 2.0%, and processing industry prices dropped by 0.4% [2][10] - Prices for living materials decreased by 1.7%, impacting the overall PPI by about 0.38 percentage points, with food prices down by 1.9% and clothing prices down by 0.7% [2][10] Group 2 - In terms of year-on-year changes, the PPI for industrial producers decreased by 1.4%, with production materials down by 1.3% [10] - The extraction industry saw a significant year-on-year price drop of 8.1%, while raw materials and processing industries experienced declines of 2.0% and 0.4%, respectively [10] - Living materials prices also fell by 1.7%, with food and clothing prices contributing to this decline [10] Group 3 - In January, the PPI for industrial producers increased by 0.4% month-on-month, with production materials rising by 0.5%, contributing approximately 0.37 percentage points to the overall increase [7][10] - The extraction industry prices decreased by 1.7%, while raw materials and processing industries saw increases of 0.7% and 0.5%, respectively [7][10] - Living materials prices rose slightly by 0.1%, with food prices down by 0.1% and clothing prices down by 0.3% [7][10] Group 4 - The purchasing prices for industrial producers showed a month-on-month increase of 0.5%, with notable increases in the prices of non-ferrous metals and wires by 4.5% [8][10] - Fuel and power prices decreased by 0.7%, while building materials and non-metallic prices fell by 0.6% [8][10] - Year-on-year, the purchasing prices for industrial producers decreased by 1.4%, with fuel and power prices down by 7.1% [10]

Group 1 - The Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, while the core CPI, excluding food and energy, rose by 0.8% year-on-year [1][2] - The decline in food prices, particularly fresh vegetables and pork, contributed to a decrease in the CPI's year-on-year growth rate, with fresh vegetable prices rising by 6.9% and pork prices falling by 13.7% [1][2] - Energy prices decreased by 5.0% in January, impacting the CPI negatively by approximately 0.34 percentage points, with gasoline prices down by 11.4% year-on-year [1][2] Group 2 - The Producer Price Index (PPI) rose by 0.4% month-on-month, marking the fourth consecutive month of increase, with a narrowing year-on-year decline of 1.4% [2][3] - The increase in PPI was driven by the ongoing development of a unified national market, leading to price rises in sectors such as cement manufacturing and lithium-ion battery production [2][3] - Input factors influenced the price trends in domestic non-ferrous metals and petroleum-related industries, with non-ferrous metal mining prices increasing by 22.7% year-on-year [3][4]

Group 1: CPI Analysis - In January, the Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) rising by 0.8% year-on-year [1][2] - The year-on-year CPI increase was affected by the high base from the previous year's Spring Festival, leading to a decline in food prices by 0.7%, which contributed to a decrease of approximately 0.11 percentage points in the CPI [2][3] - Energy prices fell by 5.0% in January, impacting the CPI by approximately 0.34 percentage points, with gasoline prices decreasing by 11.4% year-on-year [2][3] Group 2: Core CPI Trends - The core CPI continued to rise, with a month-on-month increase of 0.3%, marking the highest level in six months [3] - Prices for air tickets and travel agency services increased by 5.7% and 2.0% respectively, while prices for household appliances and personal care products saw increases between 0.7% and 1.4% [3] Group 3: PPI Analysis - The Producer Price Index (PPI) rose by 0.4% month-on-month, marking the fourth consecutive month of increase, with the growth rate expanding by 0.2 percentage points compared to the previous month [4] - The increase in PPI was driven by the ongoing development of a unified national market, leading to price increases in sectors such as cement manufacturing and lithium-ion battery production [4] - The year-on-year PPI decline narrowed to 1.4%, with significant price increases in the non-ferrous metal mining sector (up 22.7%) and cultural and sports goods manufacturing (up 21.2%) [5] Group 4: Sector-Specific Insights - The prices in the non-metallic mineral products sector decreased by 5.4%, while the black metal smelting and rolling industry saw a decline of 3.7% [5][6] - Energy-related industries continued to experience price declines, with oil and gas extraction prices down by 16.7% and coal mining prices down by 9.8% [6]

Core Insights - In January 2026, the national industrial producer price index (PPI) decreased by 1.4% year-on-year, with the decline narrowing by 0.5 percentage points compared to the previous month; month-on-month, it increased by 0.4%, with the increase expanding by 0.2 percentage points from the previous month [1] Group 1: Year-on-Year Changes - In January, the producer prices for production materials fell by 1.3%, contributing approximately 1.06 percentage points to the overall decline in the industrial producer price index. The mining industry saw a price drop of 8.1%, while raw materials and processing industries experienced declines of 2.0% and 0.4%, respectively [4] - Prices for living materials decreased by 1.7%, impacting the overall industrial producer price index by about 0.38 percentage points. Food prices fell by 1.9%, clothing prices by 0.7%, and prices for general daily goods and durable consumer goods both decreased by 1.8% [4] Group 2: Month-on-Month Changes - In January, the producer prices for production materials increased by 0.5%, contributing approximately 0.37 percentage points to the overall increase in the industrial producer price index. The mining industry prices decreased by 1.7%, while raw materials and processing industries saw increases of 0.7% and 0.5%, respectively [8] - Prices for living materials rose by 0.1%, contributing about 0.01 percentage points to the overall increase. Food prices decreased by 0.1%, clothing prices by 0.3%, while prices for general daily goods decreased by 0.1%, and durable consumer goods prices increased by 0.3% [8] Group 3: Purchase Price Changes - In the industrial producer purchase price index, fuel and power prices fell by 7.1%, chemical raw materials by 5.8%, and building materials and non-metallic materials by 4.7%. Prices for black metal materials and agricultural products both decreased by 2.9%, while textile raw materials saw a decline of 2.2%. Conversely, prices for non-ferrous metal materials and wires increased by 16.1% [7]

其他七大类价格同比四涨一平两降。其中，其他用品及服务、生活用品及服务价格分别上涨13.2%和2.6%，衣着、医疗保健价格分别上涨1.9%和1.7%；教育 文化娱乐价格持平；交通通信、居住价格分别下降3.4%和0.1%。 2026年1月份，全国居民消费价格同比上涨0.2%。其中，城市上涨0.2%，农村上涨0.1%；食品价格下降0.7%，非食品价格上涨0.4%；消费品价格上涨0.3%， 服务价格上涨0.1%。 1月份，全国居民消费价格环比上涨0.2%。其中，城市上涨0.2%，农村上涨0.2%；食品价格持平，非食品价格上涨0.2%；消费品价格上涨0.2%，服务价格上 涨0.2%。 1月份，食品烟酒及在外餐饮类价格同比下降0.2%，影响CPI（居民消费价格指数）下降约0.06个百分点。食品中，蛋类价格下降9.2%，影响CPI下降约0.05 个百分点；畜肉类价格下降6.1%，影响CPI下降约0.26个百分点，其中猪肉价格下降13.7%，影响CPI下降约0.28个百分点；鲜菜价格上涨6.9%，影响CPI上涨 约0.12个百分点；鲜果价格上涨3.2%，影响CPI上涨约0.06个百分点；水产品价格上涨0.7%，影响CPI上涨 ...

2026年1月份，全国工业生产者出厂价格同比下降1.4%，降幅比上月收窄0.5个百分点；环比上涨0.4%，涨幅比上月扩大0.2个百分点。工业生产者购进 价格同比下降1.4%，降幅比上月收窄0.7个百分点；环比上涨0.5%，涨幅比上月扩大0.1个百分点。 1月份，工业生产者出厂价格中，生产资料价格下降1.3%，影响工业生产者出厂价格总水平下降约1.06个百分点。其中，采掘工业价格下降8.1%，原材 料工业价格下降2.0%，加工工业价格下降0.4%。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0.38个百分点。其中，食品价格下降 1.9%，衣着价格下降0.7%，一般日用品、耐用消费品价格均下降1.8%。 一、工业生产者价格同比变动情况 工业生产者购进价格中，燃料动力类价格下降7.1%，化工原料类价格下降5.8%，建筑材料及非金属类价格下降4.7%，黑色金属材料类、农副产品类价 格均下降2.9%，纺织原料类价格下降2.2%；有色金属材料及电线类价格上涨16.1%。 二、工业生产者价格环比变动情况 1月份，工业生产者出厂价格中，生产资料价格上涨0.5%，影响工业生产者出厂价格总水平上涨约0.37个百分 ...