Inflation Data - January CPI is expected to decrease slightly to 0.4% year-on-year, influenced by rising pork prices and falling vegetable prices[7] - February and March CPI are projected to be 1.4% and 1.0% respectively, driven by seasonal demand for pork and vegetables[3] Producer Price Index (PPI) - January PPI is anticipated to be -1.5% year-on-year, with the factory price index rising by 1.7 percentage points to 50.6%[9] - February and March PPI are expected to be -1.4% and -1.2% respectively, amid stabilizing supply conditions[9] Credit and Financing - January new credit is projected at 5.20 trillion yuan, with February and March expected to be approximately 0.88 trillion and 3.92 trillion yuan respectively[16] - January new social financing is estimated at 738 billion yuan, with February and March expected to be 198 billion and 609 billion yuan respectively[22] Money Supply (M2) - January M2 growth is expected to remain stable at 8.5% year-on-year, with February and March projected at 8.5% and 8.4% respectively[24]
1月通胀和金融数据怎么看?
CAITONG SECURITIES·2026-02-04 05:41