Group 1: CPI Analysis - In October 2025, the Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, marking a shift from a decline to an increase [1][3] - The core CPI, excluding food and energy, rose by 1.2% year-on-year, the highest increase since March 2024, and has expanded for six consecutive months [3][6] - Service prices turned from a decline of 0.3% last month to an increase of 0.2%, driven by high travel demand during the National Day and Mid-Autumn Festival [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) saw a month-on-month increase of 0.1%, marking the first rise of the year, while the year-on-year decline narrowed to 2.1%, a reduction of 0.2 percentage points from the previous month [1][4] - Key industries such as coal mining and photovoltaic equipment manufacturing experienced price increases due to improved supply-demand relationships [4][5] - The year-on-year decline in PPI has been narrowing for three consecutive months, indicating a potential stabilization in industrial pricing [5][18] Group 3: Price Changes by Category - Food prices decreased by 2.9% year-on-year, with significant declines in pork (16.0%) and eggs (11.6%), impacting the overall CPI [3][8] - Non-food prices increased by 0.9% year-on-year, with notable increases in other categories such as medical care (1.4%) and education (0.9%) [6][12] - The average CPI for the first ten months of 2025 showed a decline of 0.1% compared to the same period last year [6][12]
利好来了,刚刚公布
Zhong Guo Ji Jin Bao·2025-11-09 02:11