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%。 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个百分点。其中，食品价格下降1.7%，衣 着价格持平，一般日用品价格上涨0.4%，耐用消费品价格下降3.7%。 一、工业生产者价格同比变动情况 二、工业生产者价格环比变动情况 8月份，工业生产者出厂价格中，生产资料价格上涨0.1%，影响工业生产者出厂价格总水平上涨约0.08个百分点。其中，采掘工业价格上涨1.3%，原材料工 业价格上涨0.2%，加工工业价格持平。生活资料价格下降0.1%，影响工业生产者出厂价格总水平下降约0.03个百分点。其中，食品价格上涨0.1%，衣着价格 持平，一般日用品价格下降 ...

——国家统计局城市司首席统计师董莉娟解读2025年8月份CPI和PPI数据 8月份，消费市场运行总体平稳，居民消费价格指数（CPI）环比持平，同比下降0.4%，扣除食品和能 源价格的核心CPI同比上涨0.9%，涨幅连续第4个月扩大。国内市场竞争秩序持续优化，部分行业供需 关系改善，工业生产者出厂价格指数（PPI）环比由上月下降0.2%转为持平；同比下降2.9%，降幅比上 月收窄0.7个百分点。 一、核心CPI继续回升 CPI同比由平转降，主要是上年同期对比基数走高叠加本月食品价格涨幅低于季节性水平所致。从翘尾 看，上年价格变动对本月CPI同比的翘尾影响约为-0.9个百分点，下拉影响比上月扩大0.4个百分点；从 新涨价看，本月CPI环比持平，低于季节性水平约0.3个百分点。二者共同导致CPI同比走低。分类别 看，主要是食品价格较低。本月食品价格环比上涨0.5%，涨幅低于季节性水平约1.1个百分点，其中猪 肉、鸡蛋、鲜果价格变动均弱于季节性。食品价格同比下降4.3%，降幅比上月扩大2.7个百分点，对CPI 同比的下拉影响比上月增加约0.51个百分点，高于CPI同比降幅。其中，猪肉、鲜菜和鸡蛋价格同比分 别下降16 ...

Core Points - In August 2025, the national consumer price index (CPI) decreased by 0.4% year-on-year, with urban areas down 0.3% and rural areas down 0.6% [1] - Food prices fell by 4.3%, while non-food prices increased by 0.5% [1] - The average CPI from January to August 2025 decreased by 0.1% compared to the same period last year [1] Year-on-Year Price Changes - In August, the prices of food, tobacco, and alcohol decreased by 2.5%, contributing approximately 0.72 percentage points to the CPI decline [3] - Fresh vegetable prices dropped by 15.2%, impacting the CPI by about 0.37 percentage points; egg prices fell by 12.4%, affecting the CPI by 0.08 percentage points; and pork prices decreased by 16.1%, contributing 0.24 percentage points to the CPI decline [3] - Other categories showed six price increases and one decrease, with notable increases in other goods and services (8.6%), clothing (1.8%), and living goods and services (1.8%) [3] Month-on-Month Price Changes - In August, food, tobacco, and alcohol prices increased by 0.3%, contributing approximately 0.09 percentage points to the CPI [6] - Fresh vegetable prices rose by 8.5%, impacting the CPI by 0.16 percentage points, while fruit prices decreased by 2.8%, affecting the CPI by 0.06 percentage points [6] - Other categories showed mixed results, with healthcare prices increasing by 0.3% and transportation and communication prices decreasing by 0.3% [6] Summary of Price Changes - The overall CPI remained flat month-on-month, with urban prices unchanged and rural prices up by 0.1% [1][8] - Food prices increased by 0.5% month-on-month, while non-food prices decreased by 0.1% [1][8] - The CPI for services remained unchanged, while the CPI excluding food and energy increased by 0.9% year-on-year [8]

Core CPI Continues to Rise - The Consumer Price Index (CPI) remained flat month-on-month in August, with a year-on-year decrease of 0.4%. The core CPI, excluding food and energy prices, increased by 0.9%, marking the fourth consecutive month of growth in this metric [1][2][3] - The year-on-year decline in CPI is attributed to a high comparison base from the previous year and lower-than-seasonal food price increases. The tail effect from last year's price changes contributed approximately -0.9 percentage points to the CPI year-on-year [2] Food Prices Impact - Food prices rose by 0.5% month-on-month but were below seasonal expectations by about 1.1 percentage points. Year-on-year, food prices decreased by 4.3%, with significant declines in pork, fresh vegetables, and eggs, which fell by 16.1%, 15.2%, and 14.2% respectively [2][3] - The decline in food prices had a greater downward impact on the CPI year-on-year than the overall CPI decline, increasing the downward pressure by approximately 0.51 percentage points [2] PPI Decline Narrowed - The Producer Price Index (PPI) saw a month-on-month change from a decline of 0.2% to flat, with a year-on-year decrease of 2.9%, a narrowing of 0.7 percentage points from the previous month. This is the first narrowing since March of this year [4][5] - The improvement in supply-demand relationships in certain sectors led to price increases in energy and raw materials, with coal processing prices rising by 9.7% month-on-month [4][5] Market Dynamics - The narrowing of the PPI decline is influenced by the implementation of more proactive macro policies and improvements in market competition, which have led to reduced price declines in several industries, including coal processing and black metal smelting [5][6] - Emerging industries and technological innovations are contributing to price increases in sectors such as integrated circuit packaging and testing, with prices rising by 1.1% [5][6]

Group 1: Year-on-Year Changes in Industrial Producer Prices - In August, the producer prices for industrial producers saw a year-on-year decline of 2.9%, with production material prices dropping by 3.2%, contributing approximately 2.40 percentage points to the overall decline [3][8] - The mining industry experienced a significant price drop of 11.5%, while raw material prices fell by 4.1% and processing industry prices decreased by 2.2% [3][8] - Consumer goods prices also fell by 1.7%, with food prices down by 1.7%, clothing prices stable, and durable goods prices decreasing by 3.7% [3][8] Group 2: Month-on-Month Changes in Industrial Producer Prices - In August, the producer prices for industrial producers increased by 0.0% month-on-month, with production material prices rising by 0.1%, contributing approximately 0.08 percentage points to the overall increase [7][9] - The mining industry saw a month-on-month price increase of 1.3%, while raw material prices rose by 0.2%, and processing industry prices remained unchanged [7][9] - Consumer goods prices decreased by 0.1%, with food prices slightly increasing by 0.1%, while durable goods prices fell by 0.3% [7][9] Group 3: Changes in Purchasing Prices - The purchasing prices for industrial producers decreased by 4.0% year-on-year, with fuel and power prices dropping by 9.7% and chemical raw material prices declining by 6.2% [6][9] - Black metal materials and agricultural products both saw a decrease of 5.6%, while construction materials and non-metallic materials prices fell by 4.7% [6][9] - Conversely, prices for non-ferrous metal materials and wires increased by 4.7% [6][9] Group 4: Key Industry Price Changes - The coal mining and washing industry experienced a year-on-year price drop of 19.8%, while the oil and natural gas extraction industry saw a decline of 9.7% [9] - The black metal mining industry had a price decrease of 5.3%, while the non-metallic mining industry saw a decline of 3.1% [9] - In contrast, the non-ferrous metal mining industry experienced a price increase of 11.8% year-on-year [9]

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。 一、各类商品及服务价格同比变动情况 2025年8月份居民消费价格主要数据 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 ...

Core Insights - In August 2025, the national industrial producer price index (PPI) decreased by 2.9% year-on-year, a reduction of 0.7 percentage points compared to the previous month, while month-on-month it remained flat after a decline of 0.2% [1] - The average PPI from January to August 2025 showed a year-on-year decrease of 2.9%, with the purchase price index down by 3.3% [1] Year-on-Year Changes - In August, the prices of production materials fell by 3.2%, contributing approximately 2.40 percentage points to the overall decline in the PPI. The mining industry saw a price drop of 11.5%, raw materials decreased by 4.1%, and processing industry prices fell by 2.2% [3] - Prices of living materials decreased by 1.7%, impacting the overall PPI by about 0.45 percentage points. Food prices dropped by 1.7%, while clothing prices remained stable, and durable goods prices fell by 3.7% [3] 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%, and processing industry prices remained unchanged [8] - Living materials prices decreased by 0.1%, affecting the overall PPI by about 0.03 percentage points. Food prices increased by 0.1%, while general daily goods and durable goods prices fell by 0.2% and 0.3%, respectively [8] Purchase Price Index - In the purchase price index, fuel and power prices decreased by 9.7%, chemical raw materials fell by 6.2%, and black metal materials and agricultural products both dropped by 5.6%. However, prices for non-ferrous metal materials and wires increased by 4.7% [7]

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%。 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%。 | | 环比涨跌幅 | 同比涨跌幅 | 1-8月 | | | --- | --- | --- | --- | --- | | | (%) | (% | 同比涨跌幅(%) | | | 一、工业生产者出厂价格 | 0.0 | -2.9 | | -2.9 | | (11) - | | | | | 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%。 二、工业生产者价格环比变动 ...

（文章来源：国家统计局） 国家统计局数据显示，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。 ...

（文章来源：国家统计局） 国家统计局：8月CPI同比下降0.4%，PPI同比下降2.9%。 ...