从CPI同比上涨0.8%看中国经济的“稳”与“进”

Core Insights - The Consumer Price Index (CPI) for December 2025 increased by 0.8% year-on-year, marking the highest level since March 2023, with a month-on-month increase of 0.2% after a previous decline [1] - The core CPI, excluding food and energy, rose by 1.2% year-on-year, maintaining a growth rate above 1% for four consecutive months [1] - The increase in consumer demand, driven by policy incentives and seasonal factors, has led to price increases in various categories, including fresh fruits and seafood [1] Economic Policies and Consumer Behavior - The implementation of major policies aimed at expanding domestic demand has positively impacted consumer sentiment, with initiatives such as the trade-in policy for consumer goods and targeted consumption promotion actions [1] - There has been a notable increase in the consumption of automobiles, mobile phones, and home appliances, with price trends significantly better than in previous years [1] Annual Overview - For the entire year of 2025, the national CPI remained flat compared to the previous year, while the core CPI saw a modest increase of 0.7% [1]