国家统计局：1月CPI同比涨幅回落主要受春节错月影响，PPI同比降幅收窄

Group 1 - The core CPI excluding food and energy prices increased by 0.8% year-on-year, indicating a moderate inflationary trend in consumer prices [1][2] - In January, the CPI rose by 0.2% month-on-month and year-on-year, reflecting a recovery in consumer demand [1][3] - The PPI increased by 0.4% month-on-month, marking the fourth consecutive month of growth, with a year-on-year decline of 1.4%, which is a narrowing of the decline compared to the previous month [1][4][5] Group 2 - The decline in CPI year-on-year was primarily influenced by the timing of the Spring Festival, which affected the comparison base from the previous year [2][3] - Food prices decreased by 0.7%, contributing to a drop in CPI by approximately 0.11 percentage points, while service prices saw a slight increase of 0.1% [2][3] - Energy prices fell by 5.0% in January, impacting CPI by approximately 0.34 percentage points, with gasoline prices down by 11.4% year-on-year [2][3] Group 3 - The core CPI excluding food and energy prices rose by 0.3% month-on-month, the highest increase in six months, driven by higher prices for air tickets and travel services [3][4] - Industrial consumer goods prices excluding energy saw a year-on-year increase of 2.6%, with significant price rises in gold jewelry and household goods [3][4] - The PPI's month-on-month increase was supported by the ongoing development of a unified national market, leading to price rises in various sectors such as cement and lithium-ion batteries [4][5]