Core Viewpoint - The article discusses the release of the Consumer Price Index (CPI) and Producer Price Index (PPI) data by the National Bureau of Statistics, marking the first data release based on the new 2025 benchmark, indicating a slight impact on the indices due to the benchmark rotation [1][3]. CPI Summary - In January, the CPI increased by 0.2% month-on-month and year-on-year, with core CPI (excluding food and energy) showing a moderate increase [2][6]. - The CPI's year-on-year growth was affected by the Spring Festival's timing and international oil price fluctuations, with food prices decreasing by 0.7%, impacting the CPI by approximately 0.11 percentage points [6][7]. - The core CPI rose by 0.8% year-on-year, indicating a continued recovery in consumer demand [7]. PPI Summary - The PPI rose by 0.4% month-on-month, marking the fourth consecutive month of increase, while the year-on-year decline narrowed to 1.4% [2][8]. - The increase in PPI is attributed to the ongoing construction of a unified national market, which has led to price increases in certain industries, such as cement and lithium-ion battery manufacturing [8][9]. - Input factors have caused price divergence in the non-ferrous metals and petroleum-related industries, with international metal prices driving domestic price increases [9]. Benchmark Rotation Changes - The benchmark rotation introduced new categories and adjusted weights to better reflect current consumption patterns, with the CPI's service weight increasing and consumer goods weight decreasing [3][5]. - New categories include housing security equipment, elderly products, dishwashers, and internet medical services, expanding the coverage of new economic sectors [3][4]. - The number of survey points for CPI has increased to approximately 120,000, covering around 620,000 specifications, enhancing the data collection process [3][4].
最新公布!CPI统计口径调整,新增洗碗机、医美服务等新消费分类
券商中国·2026-02-11 06:18