来源：国家统计局 国家统计局数据显示， 2025年11月份，全国居民消费价格同比上涨0.7%。 其中，城市上涨 0.7%，农村上涨0.4%；食品价格上涨0.2%，非食品价格上涨0.8%；消费品价格上涨 0.6%，服务价格上涨0.7%。1—11月平均，全国居民消费价格与上年同期持平。 11月份，受国内部分行业供需结构优化、国际大宗商品价格传导等因素影响， 工业生产者出 厂价格指数（PPI）环比上涨0.1%，同比下降2.2%。 国家统计局城市司首席统计师董莉娟解读2025年11月份CPI和PPI数据。 2025年11月份居民消费价格同比上涨0.7% 2025年11月份，全国居民消费价格同比上涨0.7%。其中，城市上涨0.7%，农村上涨0.4%； 食品价格上涨0.2%，非食品价格上涨0.8%；消费品价格上涨0.6%，服务价格上涨0.7%。1‐ —11月平均，全国居民消费价格与上年同期持平。 11月份，全国居民消费价格环比下降0.1%。其中，城市下降0.1%，农村持平；食品价格上 涨0.5%，非食品价格下降0.2%；消费品价格上涨0.1%，服务价格下降0.4%。 一、各类商品及服务价格同比变动情况 11月份，食品烟酒 ...

12月10日，国家统计局发布的最新数据显示， 2025年11月份，全国居民消费价格同比上涨0.7% 。其中，城市上涨0.7%，农村上涨0.4%；食品价格 上涨0.2%，非食品价格上涨0.8%；消费品价格上涨0.6%，服务价格上涨0.7%。1—11月平均，全国居民消费价格与上年同期持平。 11月份， 全国居民消费价格环比下降0.1%。 其中，城市下降0.1%，农村持平；食品价格上涨0.5%，非食品价格下降0.2%；消费品价格上涨0.1%， 服务价格下降0.4%。 来源｜国家统计局官网 编辑 ｜ 钉钉 2025年11月份， 全国工业生产者出厂价格同比下降2.2% ，工业生产者购进价格同比下降2.5%；工业生产者出厂价格和购进价格环比均上涨0.1%， 涨幅均与上月相同。1—11月平均，工业生产者出厂价格比上年同期下降2.7%，工业生产者购进价格下降3.1%。 ...

——国家统计局城市司首席统计师董莉娟解读2025年11月份CPI和PPI数据 智通财经APP获悉，12月10日，国家统计局城市司首席统计师董莉娟解读2025年11月份CPI和PPI数据。 11月份，居民消费持续恢复，居民消费价格指数(CPI)环比略降0.1%，同比上涨0.7%，扣除食品和能源 价格的核心CPI同比上涨1.2%。受国内部分行业供需结构优化、国际大宗商品价格传导等因素影响，工 业生产者出厂价格指数(PPI)环比上涨0.1%，同比下降2.2%。董莉表示，CPI同比涨幅扩大主要是食品价 格由降转涨拉动，CPI环比下降主要受服务价格季节性下降影响。本月PPI环比运行的主要特点：一是国 内部分行业需求季节性增加带动其价格上涨。二是输入性因素影响国内有色金属和石油相关行业价格走 势分化。PPI同比下降主要受上年同期对比基数走高影响。 原文如下： 2025年11月份CPI同比涨幅扩大 核心CPI继续上涨 11月份，居民消费持续恢复，居民消费价格指数(CPI)环比略降0.1%，同比上涨0.7%，扣除食品和能源 价格的核心CPI同比上涨1.2%。受国内部分行业供需结构优化、国际大宗商品价格传导等因素影响，工 业生 ...

国家统计局数据显示， 2025年11月份，全国居民消费价格同比上涨0.7%。 其中，城市上涨0.7%，农村上涨0.4%；食品价格上涨 0.2%，非食品价格上涨0.8%；消费品价格上涨0.6%，服务价格上涨0.7%。1—11月平均，全国居民消费价格与上年同期持平。 11月份，全国居民消费价格环比下降0.1%。其中，城市下降0.1%，农村持平；食品价格上涨0.5%，非食品价格下降0.2%；消费品价格上 涨0.1%，服务价格下降0.4%。 一、各类商品及服务价格同比变动情况 11月份，食品烟酒类价格同比上涨0.3%，影响CPI（居民消费价格指数）上涨约0.09个百分点。食品中，鲜菜价格上涨14.5%，影响CPI上 涨约0.31个百分点；水产品价格上涨1.5%，影响CPI上涨约0.03个百分点；鲜果价格上涨0.7%，影响CPI上涨约0.01个百分点；蛋类价格 下降12.5%，影响CPI下降约0.08个百分点；畜肉类价格下降6.6%，影响CPI下降约0.20个百分点，其中猪肉价格下降15.0%，影响CPI下 降约0.21个百分点；粮食价格下降0.4%，影响CPI下降约0.01个百分点。 其他七大类价格同比五涨一平一降。 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 本报记者 孟 珂 国家统计局12月10日将发布11月份居民消费价格指数（CPI）和工业生产者出厂价格指数（PPI）月度报 告，《证券日报》记者近日采访了多位业内专家，对数据进行前瞻。 在CPI方面，民生银行首席经济学家温彬在接受《证券日报》记者采访时表示，预计11月份CPI环比上 涨0.1%，同比上涨0.9%；兴业银行首席经济学家鲁政委也认为，11月份CPI同比或上涨0.9%，较10月份 上升0.7个百分点。 分析原因，温彬表示，从食品价格来看，11月份农产品批发价格200指数均值环比上涨4.4%。其中，由 于气温降低，蔬菜、水果供应量下降、运输难度与成本增加，价格分别环比上涨10.1%、1.3%；产能释 放叠加市场需求偏弱，猪肉、鸡蛋价格承压，环比分别下降0.6%、2.3%。能源价格方面，11月10日国 内成品油价格上调后，因全球原油供应过剩预期加剧、地缘风险溢价削减等因素影响国际油价波动下 行，又于24日下调，整体来看涨幅高于跌幅，从而带动能源价格上涨。 在鲁政委看来，消费品方面，11月份食品价格回升，CPI同比增速有望回升。11月 ...

Group 1: CPI Insights - The Consumer Price Index (CPI) for November is expected to show a month-on-month increase of 0.1% and a year-on-year increase of 0.9% [1] - Food prices are a significant factor, with wholesale agricultural product prices rising by an average of 4.4% month-on-month in November, driven by lower supply and increased transportation costs [1] - The price of vegetables and fruits increased by 10.1% and 1.3% respectively due to seasonal factors, while pork and egg prices faced downward pressure, decreasing by 0.6% and 2.3% respectively [1][2] Group 2: Core CPI and Service Sector - The core CPI is expected to see a decline, influenced by a service sector business activity index of 49.5%, which is lower than the previous month [2] - The housing market is entering a traditional off-season, with average rental prices in 50 cities decreasing by 0.6% month-on-month and 3.6% year-on-year [2] Group 3: PPI Insights - The Producer Price Index (PPI) is anticipated to rise by 0.2% month-on-month but decrease by 2.0% year-on-year [2][3] - Industrial product prices are generally declining, with notable decreases in glass prices by 7.1% and in coking coal and coke prices by 2.7% and 2.0% respectively [2] - Some industrial commodities like aluminum and copper saw slight increases of 1.3% and 1.0% month-on-month [2]

Core Insights - The Producer Price Index (PPI) in Shenzhen increased by 0.7% year-on-year and 0.5% month-on-month in October 2025, while the purchasing prices for industrial producers decreased by 0.5% year-on-year and increased by 0.5% month-on-month [1][2] - For the period from January to October, the average PPI rose by 0.1% year-on-year, while the purchasing prices fell by 0.3% year-on-year [1] Price Trends - Year-on-year, the prices of production materials decreased by 0.4%, with mining industry prices dropping by 10.5% and processing industry prices down by 0.4%. Raw materials prices increased by 1.2%. In contrast, living materials prices rose by 2.8%, with durable consumer goods prices down by 2.2% and clothing prices down by 1.7% [1] - Year-on-year, food prices increased by 2.2%, and general daily necessities saw a significant rise of 21.3% [1] - In terms of purchasing prices, fuel and power prices decreased by 8.1%, while prices for building materials and non-metallic products fell by 5.3% and wood and pulp prices dropped by 5.0%. Agricultural products prices decreased by 4.1% [1] Month-on-Month Changes - Month-on-month, production material prices increased by 0.1%, with mining prices down by 1.3% and both raw materials and processing prices up by 0.1%. Living materials prices rose by 1.2%, with food prices down by 1.3% [2] - Durable consumer goods prices increased by 0.3%, clothing prices rose by 0.6%, and general daily necessities prices surged by 4.8% [2] - For purchasing prices, building materials and non-metallic prices decreased by 0.8%, while fuel and power prices increased by 0.5% and chemical raw materials prices rose by 0.6% [2]

Group 1 - The Consumer Price Index (CPI) in Guangdong increased by 0.3% year-on-year and 0.2% month-on-month in October, indicating a rebound from previous declines [1] - The core CPI, excluding food and energy, rose by 1.0% year-on-year, with an increase of 0.3 percentage points compared to September [1] - The average CPI in Guangdong for the first ten months of the year decreased by 0.3% compared to the same period last year [1] Group 2 - The Producer Price Index (PPI) in Guangdong decreased by 1.5% year-on-year, with the decline narrowing by 0.3 percentage points compared to September [2] - Month-on-month, the PPI increased by 0.2%, with production material prices shifting from a 0.3% decline in September to a 0.2% increase [2] - The prices of living materials also saw a month-on-month increase of 0.1%, reversing a 0.3% decline in September [2]

Group 1 - In October, China's Producer Price Index (PPI) increased by 0.1% month-on-month, marking the first rise of the year due to improved supply-demand relationships and international commodity price transmission [1] - The coal mining and washing industry saw a month-on-month price increase of 1.6%, while coal processing prices rose by 0.8%. Prices for photovoltaic equipment and components increased by 0.6%, continuing an upward trend for over two months [1] - The prices in the non-ferrous metal and oil-related industries showed divergence due to input factors, with domestic non-ferrous metal mining prices rising by 5.3% and oil and gas extraction prices declining by 2.3% [1] Group 2 - Year-on-year, the PPI decreased by 2.1% in October, but the decline narrowed by 0.2 percentage points compared to the previous month, marking the third consecutive month of narrowing [2] - The coal mining and washing industry's year-on-year price decline narrowed by 1.2 percentage points due to increased capacity checks and safety regulations, along with rising winter storage and electricity demand [2] - The competitive order in the market is improving, leading to a gradual exit of backward production capacity, with year-on-year price declines in photovoltaic equipment, battery manufacturing, and automotive manufacturing narrowing by 1.4, 1.3, and 0.7 percentage points respectively [2]

Core Insights - In October, the Consumer Price Index (CPI) in Sichuan experienced a year-on-year decline of 0.6%, but the rate of decline narrowed by 0.3 percentage points compared to the previous month, with a month-on-month increase of 0.4% [1][2][4] - The core CPI rose by 0.9% year-on-year, marking the highest point since February 2023, driven by increased service prices and improvements in industrial consumer goods prices due to "anti-involution" policies [1][4][5] Price Movements - Fresh vegetable and fruit prices increased by 5.7% and 2.2% month-on-month, respectively, primarily due to seasonal factors and the demand surge during the National Day and Mid-Autumn Festival [1][3][4] - Pork prices continued to decline, with a month-on-month decrease of 1.9% and a year-on-year drop of 20.2%, attributed to sufficient market supply and the timing of seasonal consumption [1][3][4] - Egg prices also fell by 1.3% month-on-month due to temporary oversupply and reduced demand post-holiday [4] Industrial Producer Price Index (PPI) - The PPI in Sichuan decreased by 0.3% month-on-month, reversing from an increase in the previous month, with a year-on-year decline of 2.5% [1][6][7] - The automotive manufacturing sector saw a month-on-month price drop of 0.5%, while electricity and heat production prices also fell [6][7] - Despite the overall decline, some industries, such as computer manufacturing and non-ferrous metal processing, showed signs of price recovery [7][8] Economic Outlook - The ongoing implementation of demand expansion policies and improvements in market competition are expected to stabilize and potentially increase prices in certain sectors [5][8] - The "anti-involution" policies are positively impacting the PPI, leading to a reduction in price declines in various industries [6][8] - The real estate market's adjustment continues to exert downward pressure on prices in sectors like black metals and building materials, which may hinder PPI recovery [8]