CPI全年节奏将演绎温和复苏特征｜宏观晚6点

Group 1 - The Consumer Price Index (CPI) in China increased by 0.8% year-on-year in December 2025, marking the highest growth since March 2023, with a rise of 0.1 percentage points compared to November [1] - The increase in CPI is attributed to effective policies aimed at boosting domestic demand and consumption, along with heightened consumer demand due to the approaching New Year [1] Group 2 - The Producer Price Index (PPI) for industrial products decreased by 1.9% year-on-year in December 2025, with the decline narrowing by 0.3 percentage points from the previous month [2] - The PPI showed a month-on-month increase of 0.2%, marking three consecutive months of growth [2]