核心CPI

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4月中国CPI环比由降转涨
Zhong Guo Xin Wen Wang· 2025-05-10 11:19
Group 1 - In April, China's Consumer Price Index (CPI) changed from a month-on-month decrease of 0.4% to an increase of 0.1%, while year-on-year it decreased by 0.1%, maintaining the same decline as the previous month [1] - The core CPI, excluding food and energy prices, increased by 0.2% month-on-month and rose by 0.5% year-on-year, with the growth rate remaining stable [1] - The increase in CPI was primarily driven by a rebound in food and travel services, with beef prices rising by 3.9% month-on-month, while fresh vegetables and pork prices fell by 1.8% and 1.6%, respectively [1] Group 2 - In April, food prices decreased by 0.2% year-on-year, with the decline narrowing by 1.2 percentage points compared to the previous month [2] - The price of gold jewelry increased by 35.8% year-on-year within the core CPI, indicating a slight expansion in the growth rate compared to the previous month [2] - Positive factors for core CPI recovery are increasing, supported by a series of policies aimed at expanding domestic demand and stabilizing the economy, including interest rate cuts and support for real estate and technology innovation [2]
由降转涨!4月CPI环比上涨0.1%
新华网财经· 2025-05-10 09:40
Core Viewpoint - The article discusses the changes in the Consumer Price Index (CPI) and Producer Price Index (PPI) in April, highlighting a shift in CPI from a decline to an increase, while PPI remains stable in its decline. The analysis indicates that various factors, including food prices and international commodity prices, are influencing these trends. CPI Analysis - In April, the CPI changed from a decrease of 0.4% in the previous month to an increase of 0.1%, with a year-on-year decrease of 0.1% remaining unchanged from the previous month [1][2] - The core CPI increased by 0.2% month-on-month and rose by 0.5% year-on-year, maintaining stability [1][3] - Food prices rose by 0.2% month-on-month, exceeding seasonal levels by 1.4 percentage points, with beef prices increasing by 3.9% due to reduced imports [5] - Travel service prices saw significant increases, with airfares up by 13.5% and hotel prices up by 4.5%, contributing approximately 0.10 percentage points to the CPI increase [5][3] - Year-on-year, energy prices fell by 4.8%, with gasoline prices down by 10.4%, significantly impacting the CPI [5] PPI Analysis - The PPI decreased by 0.4% month-on-month, with the decline rate consistent with the previous month [6][7] - The decline in PPI is attributed to international factors affecting domestic prices, particularly in the oil and gas extraction sector, which saw a 3.1% decrease [9] - Seasonal declines in energy prices, particularly in coal mining, also contributed to the PPI decrease, with coal prices down by 3.3% [9] - Some industries are experiencing improved supply-demand relationships, leading to a narrowing of price declines, such as in the black metal smelting and non-metal mineral products sectors [10] Industry Trends - High-tech industries are driving price increases in related sectors, with wearable smart device manufacturing prices rising by 3.0% year-on-year [10][11] - Policies promoting consumption and equipment upgrades are showing effects, with prices in consumer goods and equipment manufacturing sectors experiencing reduced declines [10] - The diversification of trade is expanding markets, leading to price increases or reduced declines in certain export industries, such as integrated circuit packaging [11]
4月CPI同比下降0.1%,环比上涨0.1% 专家:核心CPI涨幅保持稳定,体现经济的内在韧性
Mei Ri Jing Ji Xin Wen· 2025-05-10 08:33
每经记者|张宏 每经编辑|陈星 5月10日,国家统计局公布4月份居民消费价格指数(CPI)和工业生产者出厂价格指数(PPI)。 4月份,全国居民消费价格同比下降0.1%,环比上涨0.1%。全国工业生产者出厂价格同比下降2.7%,环比下降0.4%。 记者注意到,4月CPI环比由降转涨,同比略有下降,核心CPI涨幅稳定;PPI环比降幅与上月相同。 民生银行首席经济学家温彬在接受《每日经济新闻》记者微信采访时表示,更能反映供求关系的核心CPI涨幅保持稳定,体现了经济的内在韧性。4月PPI同 比-2.7%,主要因为在关税政策影响下,国际大宗商品价格迅速下行,导致国内相关行业价格下降。 东方金诚研究发展部总监冯琳在接受《每日经济新闻》记者微信采访时表示,CPI同比连续两个月保持-0.1%,基本符合市场预期。主要是受关税政策影响, 国际原油价格下跌向国内能源价格传导,抵消了当月食品价格同比降幅的收窄。当月扣除波动较大的能源和食品价格后,更能反映基本物价水平的核心CPI 同比为0.5%,保持稳定。 分项来看,食品价格同比下降0.2%,降幅比上月收窄1.2个百分点。能源价格同比下降4.8%,降幅比上月扩大2.2个百分点。 温 ...
透过数据看物价运行总体平稳 宏观政策“积极有为”促高质量发展扎实推进
Yang Shi Wang· 2025-05-10 05:30
Group 1 - The core viewpoint of the news is that the Consumer Price Index (CPI) in April turned from a decline to an increase, indicating a positive change in certain sectors due to coordinated macro policies and solid progress in high-quality development [1][3][4] - In April, the CPI increased by 0.1% month-on-month, which is 0.2 percentage points higher than the seasonal level [3] - The month-on-month increase in CPI was primarily driven by the rebound in prices of food and travel services, with seafood prices rising due to the fishing moratorium and limited supply of certain fruits affecting prices of tubers and fresh fruits [4] Group 2 - Year-on-year, the CPI showed a slight decline, mainly influenced by falling international oil prices, with gasoline prices being a significant factor in the year-on-year decrease [6] - The core CPI, excluding food and energy, rose by 0.5%, maintaining stability, with service prices increasing by 0.3% [6] - The overall price stability reflects an improvement in the relationship between total demand and total supply, with service consumption showing resilience and potential for growth [8] Group 3 - The People's Bank of China reported that the monetary policy in the first quarter showed significant counter-cyclical adjustment effects, with stable growth in financial totals and optimized credit structure [9] - The central bank plans to implement a moderately loose monetary policy, flexibly adjusting the intensity and pace of policy implementation based on domestic and international economic conditions [9]
重磅数据发布!现多项积极信号→
Zheng Quan Shi Bao· 2025-05-10 04:26
Group 1: Consumer Price Index (CPI) Insights - In April, the CPI increased by 0.1% month-on-month and decreased by 0.1% year-on-year, indicating a shift from decline to growth in the month-on-month comparison [1][3] - Food prices rose by 0.2%, while non-food prices increased by 0.1%, with service prices up by 0.3%, driven by seasonal factors and demand recovery [3][4] - The core CPI, which excludes food and energy, rose by 0.2% month-on-month and 0.5% year-on-year, reflecting stable supply-demand dynamics [3][10] Group 2: Producer Price Index (PPI) Trends - The PPI decreased by 0.4% month-on-month and 2.7% year-on-year, with the decline attributed to international input factors and seasonal drops in energy prices [1][9] - Certain industrial sectors showed signs of price stabilization, with black metal and non-metal mineral product prices experiencing reduced year-on-year declines [5][6] - The PPI's month-on-month decline was influenced by falling prices in the petroleum and natural gas extraction sectors, as well as in the non-ferrous metal industries [9][10] Group 3: Economic Policies and Market Dynamics - The People's Bank of China noted that policies aimed at expanding domestic demand are beginning to take effect, which is expected to support a moderate recovery in price levels [1][10] - Recent macroeconomic policies, including interest rate cuts and structural tools, are designed to stimulate domestic demand and support price stability [10] - The upcoming holiday seasons are anticipated to boost service prices, contributing to a potential recovery in the core CPI [10]
重磅数据发布!现多项积极信号→
证券时报· 2025-05-10 04:19
Core Insights - The Consumer Price Index (CPI) increased by 0.1% month-on-month in April, while year-on-year it decreased by 0.1%. The Producer Price Index (PPI) decreased by 0.4% month-on-month and by 2.7% year-on-year [1][2]. CPI Analysis - The month-on-month CPI change shifted from decline to increase, with a core CPI increase of 0.2% month-on-month and a stable year-on-year increase of 0.5%. This reflects the resilience of the economy [2][4]. - Food prices rose by 0.2%, and service prices increased by 0.3%, driven by seasonal factors and demand recovery during the holiday period [3][4]. PPI Analysis - The PPI's month-on-month decline of 0.4% was consistent with the previous month, influenced by international factors and seasonal declines in energy prices [8][10]. - Certain industrial sectors showed signs of price recovery, with reduced year-on-year declines in sectors such as black metal smelting and non-metallic mineral products [5][6]. Sector Performance - High-tech industries and construction activities contributed to a positive trend in some industrial prices, with specific sectors like wearable smart devices and aircraft manufacturing showing price increases [5][6]. - The international oil price decline negatively impacted domestic oil-related industries, leading to price drops in sectors such as petroleum extraction and refining [10]. Economic Outlook - The People's Bank of China anticipates that policies aimed at expanding domestic demand will support a moderate recovery in price levels [2][11]. - Recent monetary policies, including interest rate cuts and structural tools, are expected to stimulate domestic demand and support price stability [11].
国家统计局:2025年4月份CPI环比由降转涨 核心CPI涨幅稳定
news flash· 2025-05-10 01:39
国家统计局城市司首席统计师董莉娟解读2025年4月份CPI和PPI数据。4月份,居民消费价格指数(CPI) 环比由上月下降0.4%转为上涨0.1%,同比下降0.1%,降幅与上月相同。核心CPI环比由平转涨,上涨 0.2%;同比上涨0.5%,涨幅保持稳定。工业生产者出厂价格指数(PPI)环比下降0.4%,降幅与上月相 同,同比下降2.7%,降幅比上月扩大0.2个百分点。虽然国际输入性因素对部分行业价格产生一定下拉 影响,但我国经济基础稳、韧性强,各项宏观政策协同发力,高质量发展扎实推进,部分领域价格呈现 积极变化。(国家统计局) ...
3月份核心CPI明显回升,一季度PPI降幅有所收窄
Zhong Guo Chan Ye Jing Ji Xin Xi Wang· 2025-04-14 01:38
核心CPI明显回升 提振消费政策效应显现 3月份核心CPI明显回升,一季度PPI降幅有所收窄 政策效应凸显 供需结构改善 国家统计局4月10日发布的数据显示,3月份居民消费价格指数(CPI)环比下降0.4%,同比下降0.1%, 降幅明显收窄;工业生产者出厂价格指数(PPI)环比下降0.4%,同比下降2.5%。一季度,CPI比上年 同期下降0.1%,PPI下降2.3%。 "这主要受季节性、国际输入性等因素影响。从边际变化看,提振消费需求等政策效应进一步显现,核 心CPI明显回升,同比上涨0.5%,供需结构有所改善,价格呈现一些积极变化。"国家统计局城市司首 席统计师董莉娟在解读数据时表示。 展望未来,受访专家认为,当前CPI数据反映出我国消费市场正呈现积极变化。随着国内经济持续向好 以及政策进一步发力,CPI走势有望温和回升。 "3月份,CPI环比下降主要受季节性因素和油价下行影响。"董莉娟分析称,一是天气转暖,部分鲜活食 品大量上市,食品供应总体充足。二是旅游淡季出行人数减少,出行类价格有所下降。三是受国际油价 下行影响。 值得一提的是,提振消费需求等政策效应逐渐显现,加之春节错月影响消退,更多方面显现出明显 ...