Core Insights - The National Bureau of Statistics released the first data on the Consumer Price Index (CPI) and Producer Price Index (PPI) based on the 2025 benchmark, indicating a recovery in consumer demand in January [1] CPI Summary - In January, the CPI increased by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) rising by 0.8% year-on-year [1] PPI Summary - The PPI rose by 0.4% month-on-month but decreased by 1.4% year-on-year [1] Benchmark Impact - The National Bureau of Statistics noted that the benchmark rotation affects the price indices due to changes in survey categories, sites, representative specifications, and weights, with an average impact of approximately 0.06 and 0.08 percentage points on the CPI and PPI year-on-year indices, respectively [1]
国家统计局：本次基期轮换对CPI和PPI各月同比指数的影响总体较小
Qi Huo Ri Bao·2026-02-11 04:54