智通财经APP获悉，2月11日，国家统计局数据显示，2026年1月份，全国居民消费价格同比上涨0.2%。其中，城市上涨0.2%，农村上涨0.1%；食品价格下 降0.7%，非食品价格上涨0.4%；消费品价格上涨0.3%，服务价格上涨0.1%。 全文如下： 2026年1月份居民消费价格同比上涨0.2% 2026年1月份，全国居民消费价格同比上涨0.2%。其中，城市上涨0.2%，农村上涨0.1%；食品价格下降0.7%，非食品价格上涨0.4%；消费品价格上涨0.3%， 服务价格上涨0.1%。 1月份，食品烟酒及在外餐饮类价格同比下降0.2%，影响CPI（居民消费价格指数）下降约0.06个百分点。食品中，蛋类价格下降9.2%，影响CPI下降约0.05 个百分点；畜肉类价格下降6.1%，影响CPI下降约0.26个百分点，其中猪肉价格下降13.7%，影响CPI下降约0.28个百分点；鲜菜价格上涨6.9%，影响CPI上涨 约0.12个百分点；鲜果价格上涨3.2%，影响CPI上涨约0.06个百分点；水产品价格上涨0.7%，影响CPI上涨约0.01个百分点。 1月份，全国居民消费价格环比上涨0.2%。其中，城市上涨0.2%，农村 ...

其他七大类价格同比四涨一平两降。其中，其他用品及服务、生活用品及服务价格分别上涨13.2%和2.6%，衣着、医疗保健价格分别上涨1.9%和1.7%；教育 文化娱乐价格持平；交通通信、居住价格分别下降3.4%和0.1%。 2026年1月份，全国居民消费价格同比上涨0.2%。其中，城市上涨0.2%，农村上涨0.1%；食品价格下降0.7%，非食品价格上涨0.4%；消费品价格上涨0.3%， 服务价格上涨0.1%。 1月份，全国居民消费价格环比上涨0.2%。其中，城市上涨0.2%，农村上涨0.2%；食品价格持平，非食品价格上涨0.2%；消费品价格上涨0.2%，服务价格上 涨0.2%。 1月份，食品烟酒及在外餐饮类价格同比下降0.2%，影响CPI（居民消费价格指数）下降约0.06个百分点。食品中，蛋类价格下降9.2%，影响CPI下降约0.05 个百分点；畜肉类价格下降6.1%，影响CPI下降约0.26个百分点，其中猪肉价格下降13.7%，影响CPI下降约0.28个百分点；鲜菜价格上涨6.9%，影响CPI上涨 约0.12个百分点；鲜果价格上涨3.2%，影响CPI上涨约0.06个百分点；水产品价格上涨0.7%，影响CPI上涨 ...

Core Viewpoint - The National Bureau of Statistics released the Consumer Price Index (CPI) and Producer Price Index (PPI) data based on the 2025 benchmark, marking the first data release after the benchmark rotation [1] Group 1: Purpose of Benchmark Rotation - Benchmark rotation is a fundamental task in compiling price indices, aligning with international practices to adapt to changes in the structure of goods and services transactions in production, circulation, and consumption [2] - The CPI reflects the price level changes of goods and services consumed by residents over a certain period, requiring timely adjustments to the "fixed basket" of goods to accurately represent market price changes [2] Group 2: Changes in CPI Survey - The CPI benchmark rotation involves revising the survey classification directory, survey points, representative specifications, classification weights, and price comparison benchmarks [3] - The current CPI survey classification directory has been adjusted based on comprehensive market research, adding new categories such as housing security equipment, elderly products, and internet medical services, while maintaining 8 major categories and 268 basic classifications [3][4] Group 3: Survey Points and Data Collection - Approximately 120,000 survey points and about 620,000 representative specifications were selected for the current benchmark, expanding the coverage compared to the previous benchmark [4] - New retail formats and data collection methods, including online transaction prices and big data applications, have been incorporated to better reflect new consumption patterns [4] Group 4: CPI Weight Calculation - CPI weights are determined based on household expenditure surveys and other macro data, ensuring they accurately reflect the consumption structure [5] - The weights for the eight major categories in the 2025 benchmark are as follows: Food, Alcohol, and Dining Out (29.5%), Clothing (5.4%), Housing (22.1%), Household Goods and Services (5.5%), Transportation and Communication (14.3%), Education, Culture, and Entertainment (11.4%), Medical Care (8.9%), and Other Goods and Services (2.9%) [6][7] Group 5: Impact of Benchmark Rotation - The benchmark rotation will influence the CPI and PPI indices due to changes in survey classifications, survey points, and weights, with an estimated average impact of approximately 0.06 and 0.08 percentage points on the monthly year-on-year indices for CPI and PPI, respectively [9]

2026年1月份，全国居民消费价格同比上涨0.2%。其中，城市上涨0.2%，农村上涨0.1%；食品价格下降0.7%，非食品价格上涨0.4%；消费品价格上涨0.3%， 服务价格上涨0.1%。 1月份，全国居民消费价格环比上涨0.2%。其中，城市上涨0.2%，农村上涨0.2%；食品价格持平，非食品价格上涨0.2%；消费品价格上涨0.2%，服务价格上 涨0.2%。 一、各类商品及服务价格同比变动情况 1月份居民消费价格分 (%) 3.0 2.5 2.0 1.5 0.9 1.0 0.5 0.0 0.0 0.0 -0.2 -0.5 衣着 居住 食品烟酒及 年提出 在外餐饮 及服务 1月份，食品烟酒及在外餐饮类价格同比下降0.2%，影响CPI（居民消费价格指数）下降约0.06个百分点。食品中，蛋类价格下降9.2%，影响CPI下降约0.05 个百分点；畜肉类价格下降6.1%，影响CPI下降约0.26个百分点，其中猪肉价格下降13.7%，影响CPI下降约0.28个百分点；鲜菜价格上涨6.9%，影响CPI上涨 约0.12个百分点；鲜果价格上涨3.2%，影响CPI上涨约0.06个百分点；水产品价格上涨0.7%，影响CPI上涨约0 ...

2月11日，国家统计局发布了以2025年为基期的全国居民消费价格指数（CPI）和工业生产者出厂价格 指数（PPI）数据，这是本次基期轮换后的首次数据发布。为什么要开展价格指数基期轮换？对此，国 家统计局城市司负责人接受采访时表示，基期轮换是价格指数编制的重要基础性工作，也是国际惯例和 通行做法，旨在适应生产、流通、消费领域商品和服务交易结构的新变化。基期是指价格指数对比基准 时期，这一时期的指数为100。按照统计制度安排，目前我国CPI和PPI每五年进行一次基期轮换，2026 年开始编制和发布以2025年为基期的价格指数。下面以CPI基期轮换为例详细说明。 （文章来源：国家统计局） CPI是综合反映一定时期内居民消费的商品和服务价格水平变动情况的相对数。由于居民消费的类别和 品种成千上万，为观察其总体价格变动情况，通常选取一定时期内居民经常消费、对居民生活影响较 大、有代表性的一组商品和服务作为"固定篮子"，用它们的价格变化来代表全社会所有商品和服务的价 格变化。随着经济社会发展，居民消费结构也在发生变化，需要及时调整CPI调查的"固定篮子"。例 如，随着我国居民越来越多地购买新能源小汽车，车用电力作为交通工 ...

Core Viewpoint - In January 2026, the national consumer price index (CPI) increased by 0.2% year-on-year, with urban areas rising by 0.2% and rural areas by 0.1% [1][9]. Price Changes Year-on-Year - The prices of food, tobacco, and dining out decreased by 0.2%, contributing to a 0.06 percentage point decline in CPI [3]. - Within food, egg prices fell by 9.2%, impacting CPI by a decrease of approximately 0.05 percentage points; pork prices dropped by 13.7%, affecting CPI by a decrease of about 0.28 percentage points [3]. - Fresh vegetables saw a price increase of 6.9%, contributing approximately 0.12 percentage points to CPI, while fresh fruits rose by 3.2%, adding about 0.06 percentage points [3]. - Other categories showed mixed results, with significant increases in other goods and services (13.2%) and living goods and services (2.6%), while transportation and communication prices fell by 3.4% and housing prices by 0.1% [3]. Price Changes Month-on-Month - In January, the prices of food, tobacco, and dining out remained stable [6]. - Egg prices increased by 2.7%, contributing approximately 0.01 percentage points to CPI; fresh fruit prices rose by 2.0%, adding about 0.04 percentage points [6]. - Fresh vegetables experienced a significant decline of 4.8%, impacting CPI by a decrease of approximately 0.10 percentage points [6]. - Other categories showed five increases, one stable, and one decrease, with other goods and services rising by 2.7% and living goods and services by 0.9% [6]. Summary of Key Data - CPI increased by 0.2% month-on-month and year-on-year, with urban and rural areas showing similar trends [9]. - Food prices remained unchanged month-on-month but decreased by 0.7% year-on-year, while non-food prices increased by 0.2% month-on-month and 0.4% year-on-year [9][10]. - The CPI excluding food and energy rose by 0.3% month-on-month and 0.8% year-on-year [10].

2月5日，山东省统计局、国家统计局山东调查总队联合发布2025年全省经济运行情况解读，聚焦居民消 费价格指数(CPI)运行态势。解读显示，2025年全省居民消费领域价格整体运行平稳，CPI较上年同期下 降0.1%，呈现"稳中有进、结构优化"的特点；随着扩内需促消费政策持续显效，扣除食品和能源价格的 核心CPI持续回升，全年同比上涨0.7%，涨幅较上年扩大0.3个百分点，彰显全省消费市场韧性凸显、民 生保障坚实有力的良好态势。 CPI整体运行平稳，小幅波动符合预期 解读数据明确，2025年全省居民消费价格指数(CPI)同比下降0.1%，价格运行整体平稳，小幅波动符合 全年经济发展和市场供求预期。CPI作为反映居民家庭一般所购买的消费品和服务项目价格水平变动情 况的宏观经济指标，其平稳运行直接关系到居民生活质量和经济社会稳定，此次小幅波动主要受食品、 能源等短期季节性因素影响，不改变消费市场整体稳健的基本面。 其中，多数大宗食品价格同比下降，主要得益于产能供给充足、流通效率提升。鲜菜价格受季节性波动 影响明显，同比下降4.3%，全年供应整体充足，季节性上涨时段价格涨幅温和可控；鸡蛋、猪肉产能 持续恢复，市场供应充 ...

Core Insights - The Consumer Price Index (CPI) in Guiyang is projected to increase by 0.5% year-on-year in 2025, with food prices rising by 0.1% and non-food prices by 0.5% [1] - Core CPI, excluding food and energy prices, is expected to rise by 1.0% year-on-year [1] Group 1: Price Trends - Consumer goods prices are anticipated to increase by 0.2%, while service prices are expected to rise by 0.9% [1] - The overall CPI has shown a moderate recovery, with monthly year-on-year indices ranging from 100.1 to 100.9 throughout the year [1] Group 2: Market Influences - The recovery in the consumption market is attributed to various consumption-boosting policies implemented by central and local governments [1] - The popularity of Guiyang's "Six Refreshing" tourism initiative has contributed to the rise in prices for cultural and tourism services [1]

Group 1 - The core viewpoint of the articles indicates that the Consumer Price Index (CPI) in Liaoning province has shown a year-on-year increase of 1.0% in December 2025, which is 0.2 percentage points higher than the national average, ranking 11th nationwide [1] - In December, urban CPI increased by 1.2% while rural CPI rose by 0.1%. Food prices saw a rise of 2.2%, and non-food prices increased by 0.7%. The core CPI, excluding food and energy, also rose by 1.3%, maintaining the same growth rate as the previous month [1] - The month-on-month CPI increased by 0.1%, which is 0.1 percentage points lower than the national average, ranking 23rd nationwide. Urban and rural areas both saw a 0.1% increase, while food prices remained stable and non-food prices increased by 0.1% [1] Group 2 - For the period from January to December, the average CPI decreased by 0.1% compared to the same period last year, which is 0.1 percentage points lower than the national average, ranking 18th nationwide [2] - In December, the prices of eight major categories of goods and services showed a "five increases and three decreases" trend, with declines noted in housing, healthcare, and transportation and communication categories [2] - The month-on-month price changes for various goods and services reflected a "three increases, two decreases, and three stable" trend, with increases in other goods and services, daily necessities, and education, culture, and entertainment categories [2]

Core Insights - The Producer Price Index (PPI) for November increased by only 0.2%, which is below the expected 0.3% increase according to Dow Jones, but it is 0.1 percentage points higher than the increase in October [3][6][11] - The core PPI, excluding food and energy, remained flat month-over-month, which is lower than the anticipated 0.2% increase [3][6][11] - Year-over-year, the PPI rose by 3%, significantly exceeding the Federal Reserve's target inflation rate of 2% [3][6][11] - The core PPI, excluding trade services, saw a year-over-year increase of 3.5%, marking the largest increase since March 2025 [3][6][11] - A notable factor in the PPI increase was a 0.9% rise in commodity prices, primarily driven by a 4.6% surge in energy prices, while service prices remained unchanged [3][6][11] Consumer Sector Insights - Retail sales in November increased by 0.6% month-over-month, surpassing the expected growth of 0.4% [4][10][11] - Excluding the automotive sector, retail sales grew by 0.5%, which is higher than the anticipated 0.3% [4][10][11] - The growth in retail sales was broad-based, with significant increases in sales from automotive dealers, building materials and garden supply stores, gas stations, sporting goods stores, and various general merchandise stores, all exceeding 1% [4][10] - Year-over-year, retail sales rose by 3.3%, outpacing the Consumer Price Index (CPI) increase of 2.7% for the same month [5][10]