国家统计局解读：9月核心CPI同比涨幅持续扩大 PPI同比降幅继续收窄

Group 1: CPI Analysis - In September 2025, the Consumer Price Index (CPI) increased by 0.1% month-on-month and decreased by 0.3% year-on-year, with the core CPI (excluding food and energy) rising by 1.0%, marking the fifth consecutive month of growth [1][2][3] - The month-on-month CPI increase was influenced by a 0.7% rise in food prices, particularly fresh vegetables, eggs, fresh fruits, lamb, and beef, which saw price increases between 0.9% and 6.1% [3] - The year-on-year CPI decline of 0.3% was primarily due to a negative base effect, with food prices dropping by 4.4%, significantly impacting the overall CPI [4][5] Group 2: PPI Analysis - The Producer Price Index (PPI) remained flat month-on-month and decreased by 2.3% year-on-year, with the decline narrowing by 0.6 percentage points compared to the previous month [1][2][7] - The PPI's year-on-year decline was influenced by improvements in supply-demand structures, with certain industries like coal processing and black metal smelting showing price stabilization [6][7] - The ongoing construction of a unified national market has contributed to a reduction in price declines across various sectors, with notable improvements in industries such as coal processing and battery manufacturing [7]