【新华解读】2025年收官之月我国多项物价指标回升向好，后期物价走势如何？

Group 1 - The core viewpoint of the articles indicates that multiple price indicators in China showed a rebound in December 2025, with CPI reaching its highest year-on-year growth since March 2023 and PPI experiencing its lowest year-on-year decline since September 2024 [1][3][5] - In December 2025, China's CPI increased by 0.8% year-on-year, a rise of 0.1 percentage points from the previous month, and a month-on-month increase of 0.2% after a previous decline of 0.1% [1][2] - The core CPI, excluding food and energy prices, remained steady at 1.2% for the third consecutive month, indicating persistent inflationary pressures in essential consumer goods [1][3] Group 2 - The increase in CPI was attributed to three main factors: rising vegetable and fruit prices due to previous rainy weather, the impact of year-end consumption promotion policies, and an increase in international gold prices affecting industrial consumer goods [1][2] - In December 2025, food prices rose by 1.1% year-on-year, with fresh vegetable and fruit prices increasing by 18.2% and 4.4% respectively, contributing significantly to the CPI increase [2][3] - The PPI showed a year-on-year decline of 1.9%, but the rate of decline narrowed by 0.3 percentage points from the previous month, with a month-on-month increase of 0.2% [3][4] Group 3 - The overall trend of PPI in December 2025 was positive, benefiting from the effects of "anti-involution" actions, which improved the supply-demand relationship in domestic industrial products [3][4] - Key industries such as coal mining and lithium-ion battery manufacturing saw price increases, indicating a recovery in market competition and production capacity management [4][5] - The overall price level in China is expected to remain low in 2026, providing room for potential monetary policy adjustments, including interest rate cuts [5][6]