去年3月以来最高！国家统计局发布重要数据

Core Insights - In November, the Consumer Price Index (CPI) increased by 0.7% year-on-year, marking the highest growth since March 2024, primarily driven by a reversal in food prices from decline to increase [2][4] - The Producer Price Index (PPI) rose by 0.1% month-on-month, marking the second consecutive month of increase, while year-on-year, it decreased by 2.2% [5][8] CPI Analysis - The CPI's year-on-year increase of 0.7% reflects a 0.5 percentage point rise from the previous month, largely due to food prices shifting from a 2.9% decline to a 0.2% increase [2][4] - Fresh vegetable prices saw a significant turnaround, increasing by 14.5% year-on-year after nine months of decline, while pork and poultry prices decreased by 15.0% and 0.6%, respectively, with the rate of decline narrowing [4] - Core CPI, excluding food and energy, rose by 1.2% year-on-year, maintaining above 1% for three consecutive months [4] PPI Analysis - The PPI's month-on-month increase of 0.1% is attributed to seasonal demand increases in certain domestic industries, such as coal and gas, with coal mining prices rising by 4.1% [5][7] - Year-on-year, the PPI's decline of 2.2% is influenced by high comparison bases from the previous year, with various macroeconomic policies showing positive effects on prices [8] - Prices in emerging industries, such as new materials and intelligent manufacturing, have increased, with specific categories like external storage devices rising by 13.9% year-on-year [8]