国家统计局城市司首席统计师董莉娟解读2026年1月份CPI和PPI数据

Group 1 - The Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year in January, while the core CPI, excluding food and energy, rose by 0.8% year-on-year [1][2] - The decline in CPI year-on-year was primarily influenced by the timing of the Spring Festival, with food prices decreasing by 0.7%, impacting the CPI by approximately 0.11 percentage points [2][3] - Energy prices fell by 5.0% in January, contributing to a 0.34 percentage point decrease in the CPI year-on-year, with gasoline prices down 11.4% [2][3] Group 2 - The Producer Price Index (PPI) rose by 0.4% month-on-month, marking the fourth consecutive month of increase, with the year-on-year decline narrowing to 1.4% [1][4] - The increase in PPI was driven by the ongoing construction of a unified national market, leading to price rises in sectors such as cement and lithium-ion battery manufacturing [4][5] - The prices in the non-ferrous metal mining sector increased by 22.7%, while the prices in the petroleum and natural gas extraction sector decreased by 16.7% [5]