Core Viewpoint - The January CPI year-on-year growth rate has decreased, primarily due to the impact of the Spring Festival timing and changes in international oil prices [1] Group 1: CPI Analysis - The year-on-year CPI growth rate has declined due to a high comparison base from the previous year when the Spring Festival occurred, leading to increased food and service prices [1] - Energy prices saw a significant decrease of 5.0% in January, contributing to a drop in the CPI by approximately 0.34 percentage points, with the downward impact on CPI increasing by about 0.06 percentage points compared to the previous month [1] - Gasoline prices fell by 11.4% year-on-year, with the decline rate expanding by 3.0 percentage points compared to the previous month [1] Group 2: Consumer Demand - Despite the decline in CPI, the recovery of consumer demand continues, and the core CPI shows a moderate upward trend [1]
国家统计局：1月CPI同比涨幅回落主要受春节错月影响 核心CPI保持温和上涨
Jing Ji Guan Cha Wang·2026-02-11 01:45