国家发改委：将持续推动物价合理回升

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the importance of promoting a reasonable recovery of prices as a key macroeconomic goal, balancing the need for economic growth and consumer welfare [1][2]. Group 1: Price Trends - Since the fourth quarter of 2025, there have been positive changes in price trends, with the Consumer Price Index (CPI) rising for four consecutive months, reaching a year-on-year increase of 0.8% in December, the highest in nearly 34 months [2]. - The core CPI has maintained a year-on-year growth rate of 1.2% for three consecutive months, marking a high not seen in nearly 50 months [2]. - The Producer Price Index (PPI) has seen a narrowing decline, with a year-on-year decrease of 1.9% in December, recovering 1.7 percentage points from its low earlier in the year [2]. Group 2: Policy Measures - The NDRC plans to implement a series of regulatory and reform measures to promote a moderate recovery in prices, focusing on structural adjustments and ensuring the stability of essential goods prices [2][3]. - A more proactive fiscal policy and moderately loose monetary policy will be adopted, with the promotion of reasonable price recovery being a key consideration in monetary policy [2]. - The NDRC will also implement actions to boost consumption, develop income increase plans for urban and rural residents, and optimize policies to ensure a balanced supply and demand [3]. Group 3: Structural and Reform Policies - The NDRC aims to address "involution" competition and establish a unified national market construction regulation to enhance market efficiency and ensure the exit of inefficient production capacities [3]. - There will be a focus on ensuring the stable supply and pricing of essential goods, with comprehensive regulation across the entire supply chain to maintain adequate supply and stable prices [3].