创2023年3月以来新高！CPI最新数据出炉

Group 1 - The Consumer Price Index (CPI) increased by 0.8% year-on-year in December 2025, marking the highest growth since March 2023, with a month-on-month increase of 0.2% [1][3][5] - The primary driver for the CPI increase was the rise in food prices, particularly fresh vegetables and fruits, which saw price increases of 18.2% and 4.4% respectively [5][6] - The core CPI, excluding food and energy, rose by 1.2%, maintaining a growth rate above 1% for four consecutive months, indicating stable demand recovery [5][6] Group 2 - The Producer Price Index (PPI) rose by 0.2% month-on-month in December 2025, marking three consecutive months of increase, with a narrowing year-on-year decline [8][10] - Key industries such as coal mining and lithium-ion battery manufacturing experienced price increases due to improved supply-demand dynamics [10] - The year-on-year decline in PPI is expected to narrow further in 2026, with predictions of a potential positive growth rate in the latter half of the year driven by domestic demand recovery and stable expectations [12][13] Group 3 - Experts forecast a moderate recovery in prices for 2026, with CPI expected to stabilize around 0.5% and PPI potentially turning positive by the third quarter [12][13] - Factors contributing to this price recovery include improvements in domestic demand, service price recovery, and stabilization of consumer and business expectations [12][13] - However, some analysts caution that low prices may persist throughout 2026, with a gradual return to inflation expected only by 2027 [14]