2026年1月份CPI同比上涨 PPI同比降幅收窄 1月份，居民消费需求持续恢复，居民消费价格指数（CPI）环比上涨0.2%，同比上涨0.2%，扣除 食品和能源价格的核心CPI同比上涨0.8%。受全国统一大市场建设持续推进、部分行业需求增加及国际 大宗商品价格传导等因素影响，工业生产者出厂价格指数（PPI）环比上涨0.4%，同比下降1.4%。 一、CPI同比涨幅回落主要受春节错月影响，核心CPI保持温和上涨 CPI同比涨幅有所回落，主要有以下两方面原因：一是春节错月影响。上年1月份为春节月份，食 品和部分服务价格上涨较多，导致上年同期对比基数较高，带动本月同比涨幅回落较多。分类别看，食 品价格下降0.7%，影响CPI同比下降约0.11个百分点，而上月对CPI的影响为上拉约0.21个百分点。食品 中，鲜菜价格上涨6.9%，涨幅比上月回落11.3个百分点，对CPI同比的上拉影响比上月回落约0.27个百 分点；鲜果价格上涨3.2%，涨幅比上月回落1.2个百分点；猪肉和鸡蛋价格分别下降13.7%和10.6%。服 务价格上涨0.1%，影响CPI同比上涨约0.05个百分点，对CPI同比的上拉影响比上月减少约0.20个百分 ...

Core Viewpoint - The National Bureau of Statistics released the Consumer Price Index (CPI) and Producer Price Index (PPI) data based on the 2025 benchmark, marking the first data release after the benchmark rotation [1] Group 1: Purpose of Benchmark Rotation - Benchmark rotation is a fundamental task in compiling price indices, aligning with international practices to adapt to changes in the structure of goods and services transactions in production, circulation, and consumption [2] - The CPI reflects the price level changes of goods and services consumed by residents over a certain period, requiring timely adjustments to the "fixed basket" of goods to accurately represent market price changes [2] Group 2: Changes in CPI Survey - The CPI benchmark rotation involves revising the survey classification directory, survey points, representative specifications, classification weights, and price comparison benchmarks [3] - The current CPI survey classification directory has been adjusted based on comprehensive market research, adding new categories such as housing security equipment, elderly products, and internet medical services, while maintaining 8 major categories and 268 basic classifications [3][4] Group 3: Survey Points and Data Collection - Approximately 120,000 survey points and about 620,000 representative specifications were selected for the current benchmark, expanding the coverage compared to the previous benchmark [4] - New retail formats and data collection methods, including online transaction prices and big data applications, have been incorporated to better reflect new consumption patterns [4] Group 4: CPI Weight Calculation - CPI weights are determined based on household expenditure surveys and other macro data, ensuring they accurately reflect the consumption structure [5] - The weights for the eight major categories in the 2025 benchmark are as follows: Food, Alcohol, and Dining Out (29.5%), Clothing (5.4%), Housing (22.1%), Household Goods and Services (5.5%), Transportation and Communication (14.3%), Education, Culture, and Entertainment (11.4%), Medical Care (8.9%), and Other Goods and Services (2.9%) [6][7] Group 5: Impact of Benchmark Rotation - The benchmark rotation will influence the CPI and PPI indices due to changes in survey classifications, survey points, and weights, with an estimated average impact of approximately 0.06 and 0.08 percentage points on the monthly year-on-year indices for CPI and PPI, respectively [9]

（文章来源：国家统计局） 国家统计局城市司首席统计师董莉娟表示，CPI同比涨幅有所回落，主要有以下两方面原因：一是春节 错月影响。上年1月份为春节月份，食品和部分服务价格上涨较多，导致上年同期对比基数较高，带动 本月同比涨幅回落较多。二是国际油价变动导致能源价格降幅扩大。1月份能源价格下降5.0%，影响 CPI同比下降约0.34个百分点，对CPI同比的下拉影响比上月增加约0.06个百分点，其中汽油价格同比下 降11.4%，降幅比上月扩大3.0个百分点。居民消费需求持续恢复，核心CPI温和上涨的态势没有改变。 ...

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%。 一、各类商品及服务价格同比变动情况 1月份居民消费价格分 (%) 3.0 2.5 2.0 1.5 0.9 1.0 0.5 0.0 0.0 0.0 -0.2 -0.5 衣着 居住 食品烟酒及 年提出 在外餐饮 及服务 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上涨约0 ...

（文章来源：国家统计局） 国家统计局2月11日发布了以2025年为基期的全国居民消费价格指数（CPI）和工业生产者出厂价格指 数（PPI）数据，这是本次基期轮换后的首次数据发布。对此，国家统计局城市司负责人表示，基期轮 换后，调查分类目录、调查网点和代表规格品、权数等变动均会对价格指数产生一定影响，但这些因素 的影响方向和幅度各不相同，综合起来才是对总指数的影响。经测算，本次基期轮换对CPI和PPI各月同 比指数的影响平均约为0.06和0.08个百分点，总体较小。 ...

（文章来源：国家统计局） CPI权数是指按对比期价格购买"固定篮子"中各类商品或服务的支出占购买整个篮子所需支出的比重。 权数来源以住户收支与生活状况调查中居民消费支出资料为主，部分小类和基本分类通过权数专项调查 细化补充，并结合其他宏观数据、行业统计资料加以完善，确保权数客观真实反映居民消费结构。具体 来看，食品烟酒及在外餐饮、衣着、居住、生活用品及服务、交通通信、教育文化娱乐、医疗保健、其 他用品及服务八个大类的2025年基期权数分别为29.5%、5.4%、22.1%、5.5%、14.3%、11.4%、8.9%和 2.9%。 ...

Group 1 - The National Bureau of Statistics released the first data on the Consumer Price Index (CPI) and Producer Price Index (PPI) based on the 2025 benchmark, marking the first data release after the benchmark rotation [1] - The benchmark rotation involves adjustments to the survey classification directory, survey points (enterprises), representative specifications, classification weights, and price comparison benchmarks [1] Group 2 - The CPI benchmark rotation includes revisions to the survey classification directory, which now reflects new consumer trends by adding categories such as housing security equipment, elderly products, dishwashers, automotive electricity, photography services, internet medical services, and medical beauty services [2] - The category "Food, Tobacco, and Alcohol" has been renamed to "Food, Tobacco, Alcohol, and Dining Out," and "Tourism" has been renamed to "Travel Agency and Other Tourism Services" to better reflect changes in consumer spending [2] - A new travel service price index has been introduced, covering categories like airplane tickets, train tickets, accommodation, vehicle rentals, and travel agency services [2] Group 3 - Approximately 120,000 survey points and about 620,000 representative specifications were selected for the CPI survey, expanding the coverage compared to the previous benchmark [3] - New retail formats such as membership-based supermarkets and instant retail platforms have been included as survey points, along with representative specifications like smart drones [3] - The data collection methods for CPI have been optimized, with increased use of big data applications such as online transaction prices, enterprise electronic data, and administrative records [3] Group 4 - The CPI weight calculation follows principles of objectivity, authenticity, and scientific unity, using internationally comparable methods [3] - After the weight calculation, the new benchmark specifications' prices will be used to recalculate the index for 2025, serving as the new comparison benchmark [3]

2月11日，国家统计局发布了以2025年为基期的全国居民消费价格指数（CPI）和工业生产者出厂价格 指数（PPI）数据，这是本次基期轮换后的首次数据发布。为什么要开展价格指数基期轮换？对此，国 家统计局城市司负责人接受采访时表示，基期轮换是价格指数编制的重要基础性工作，也是国际惯例和 通行做法，旨在适应生产、流通、消费领域商品和服务交易结构的新变化。基期是指价格指数对比基准 时期，这一时期的指数为100。按照统计制度安排，目前我国CPI和PPI每五年进行一次基期轮换，2026 年开始编制和发布以2025年为基期的价格指数。下面以CPI基期轮换为例详细说明。 （文章来源：国家统计局） CPI是综合反映一定时期内居民消费的商品和服务价格水平变动情况的相对数。由于居民消费的类别和 品种成千上万，为观察其总体价格变动情况，通常选取一定时期内居民经常消费、对居民生活影响较 大、有代表性的一组商品和服务作为"固定篮子"，用它们的价格变化来代表全社会所有商品和服务的价 格变化。随着经济社会发展，居民消费结构也在发生变化，需要及时调整CPI调查的"固定篮子"。例 如，随着我国居民越来越多地购买新能源小汽车，车用电力作为交通工 ...

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。 一、工业生产者价格同比变动情况 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%。 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 ...

（文章来源：国家统计局） 国家统计局：1月CPI同比上涨0.2%，PPI同比下降1.4%。 ...