12月CPI升至2023年3月份以来最高

Core Insights - The article discusses the December 2025 consumer price index (CPI) and producer price index (PPI) data released by the National Bureau of Statistics, highlighting a 0.8% year-on-year increase in CPI and a 1.9% year-on-year decrease in PPI [1][4]. Group 1: Consumer Price Index (CPI) - In December 2025, the CPI increased by 0.2% month-on-month and 0.8% year-on-year, marking the highest level since March 2023 [4]. - The rise in CPI was primarily driven by an increase in food prices, which rose by 1.1%, contributing approximately 0.17 percentage points to the year-on-year CPI increase [4]. - Fresh vegetables and fruits saw significant price increases of 18.2% and 4.4%, respectively, while beef, lamb, and aquatic products also experienced price hikes [4]. - Core CPI, excluding food and energy, rose by 1.2%, maintaining a growth rate above 1% for four consecutive months [5]. Group 2: Producer Price Index (PPI) - The PPI increased by 0.2% month-on-month, marking three consecutive months of growth, while the year-on-year PPI decreased by 1.9%, with the decline narrowing by 0.3 percentage points compared to the previous month [6]. - Key industries such as coal mining and lithium-ion battery manufacturing saw price increases, indicating improved supply-demand dynamics [6]. - The article notes that the construction of a unified national market and ongoing macroeconomic policies have positively influenced price trends in various sectors, leading to a reduction in the year-on-year decline of prices in certain industries [6].