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【权威解读】2025年10月份CPI由降转涨 PPI降幅收窄
中汽协会数据·2025-11-10 03:53

Group 1: CPI Analysis - In October, the Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, marking a shift from a decline to an increase [1][3] - The core CPI, excluding food and energy, rose by 1.2% year-on-year, the highest increase since March 2024, indicating a continuous expansion for six consecutive months [3] - Service prices turned from a decline to an increase, with notable rises in accommodation, airfare, and tourism prices due to the National Day and Mid-Autumn Festival [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) saw a month-on-month increase of 0.1%, marking the first rise of the year, while the year-on-year decline narrowed to 2.1% [1][4] - Improvements in supply-demand relationships led to price increases in several industries, including coal mining and photovoltaic equipment manufacturing [4][5] - The year-on-year decline in PPI has been narrowing for three consecutive months, with significant price increases in sectors like non-ferrous metal smelting and battery manufacturing [6]