2025年前三季度全国居民消费价格（CPI）同比下降0.1%

Core Insights - The National Bureau of Statistics reported a 0.1% year-on-year decline in the Consumer Price Index (CPI) for the first three quarters of the year [1] - The core CPI, excluding food and energy prices, increased by 0.6% year-on-year, with a 0.2 percentage point increase compared to the first half of the year [1] CPI Breakdown - Food, tobacco, and alcohol prices decreased by 0.8%, while clothing prices rose by 1.5% [1] - Housing prices increased by 0.1%, and prices for daily necessities and services rose by 0.6% [1] - Transportation and communication prices fell by 2.8%, while education, culture, and entertainment prices increased by 0.8% [1] - Medical care prices rose by 0.5%, and other goods and services saw a significant increase of 7.4% [1] - In September, the CPI decreased by 0.3% year-on-year but increased by 0.1% month-on-month [1] Producer Price Index (PPI) Insights - The Producer Price Index (PPI) for industrial producers fell by 2.8% year-on-year in the first three quarters [1] - In September, the PPI decreased by 2.3% year-on-year, with a narrowing decline of 0.6 percentage points compared to the previous month [1] - The purchase price index for industrial producers dropped by 3.2% year-on-year in the first three quarters [1] - In September, the purchase price index decreased by 3.1% year-on-year, with a narrowing decline of 0.9 percentage points compared to the previous month [1]