9月份，工业生产者出厂价格中，生产资料价格下降2.4%，影响工业生产者出厂价格总水平下降约1.81个百分点。其中，采掘工业价格下降9.0%，原材料工 业价格下降2.9%，加工工业价格下降1.7%。生活资料价格下降1.7%，影响工业生产者出厂价格总水平下降约0.45个百分点。其中，食品价格下降1.7%，衣 着价格下降0.3%，一般日用品价格上涨0.7%，耐用消费品价格下降3.9%。 一、工业生产者价格同比变动情况 工业生产者购进价格中，燃料动力类价格下降8.1%，化工原料类价格下降5.5%，农副产品类价格下降5.4%，建筑材料及非金属类价格下降4.5%，黑色金属 材料类价格下降2.9%，纺织原料类价格下降1.7%；有色金属材料及电线类价格上涨6.6%。 国家统计局数据显示，2025年9月份，全国工业生产者出厂价格同比下降2.3%，降幅比上月收窄0.6个百分点，环比继续持平。工业生产者购进价格同比下降 3.1%，降幅比上月收窄0.9个百分点，环比上涨0.1%。1—9月平均，工业生产者出厂价格比上年同期下降2.8%，工业生产者购进价格下降3.2%。 2025年9月份工业生产者出厂价格同比降幅继续收窄 2025年9月 ...

Group 1 - The core viewpoint of the article indicates that China's Consumer Price Index (CPI) for September decreased by 0.3% year-on-year, which was below the expected decline of 0.2% and an improvement from the previous value of -0.4% [1] - The month-on-month CPI for September showed a slight increase of 0.1%, which was lower than the expected 0.2% and compared to a previous value of 0% [1] - For the first nine months of the year, the CPI has decreased by 0.1% year-on-year [1] Group 2 - In September, the prices of food, tobacco, and alcohol increased by 0.5% month-on-month, contributing approximately 0.13 percentage points to the CPI increase [3] - Among the other seven major categories, four experienced price increases, one remained stable, and two saw declines [3] - Specifically, prices for other goods and services, and clothing rose by 1.3% and 0.7% respectively, while prices for living goods and services, and healthcare increased by 0.3% and 0.2% respectively; housing prices remained stable, while transportation and communication, and education and cultural entertainment prices fell by 0.9% and 0.4% respectively [3] Group 3 - Year-on-year, the prices of food, tobacco, and alcohol decreased by 2.6%, which negatively impacted the CPI by approximately 0.74 percentage points [5] - Among the other seven major categories, six saw price increases while one experienced a decline [5] - Notably, prices for other goods and services, living goods and services, and clothing rose by 9.9%, 2.2%, and 1.7% respectively, while healthcare, education and cultural entertainment, and housing prices increased by 1.1%, 0.8%, and 0.1% respectively; transportation and communication prices fell by 2.0% [5]

国家统计局解读：PPI同比下降2.3%，降幅比上月收窄0.6个百分点。除受上年同期对比基数走低影响外，各项宏观政策效果持续显现，一些行业价格呈现积极变化。一是全国统一大市场建设纵深推进带动相关行业价格同比降幅收窄。二是产业结构升级和消费潜力释放带动相关行业价格同比上涨。 ...

Group 1: CPI Analysis - The Consumer Price Index (CPI) increased by 0.1% month-on-month in September, marking a shift from the previous month where it was flat [2] - Year-on-year, the CPI decreased by 0.3%, with the decline narrowing by 0.1 percentage points compared to the previous month [3] - Core CPI, excluding food and energy, rose by 1.0% year-on-year, marking the fifth consecutive month of growth [3] Group 2: PPI Analysis - The Producer Price Index (PPI) remained flat month-on-month, continuing a trend for two months [4] - Year-on-year, the PPI decreased by 2.3%, with the decline narrowing by 0.6 percentage points compared to the previous month [5] - Improvements in supply-demand structure have stabilized prices in certain industries, such as coal processing and black metal smelting, which saw price increases [4][5]

Group 1: CPI Analysis - The core CPI excluding food and energy prices increased by 1.0% year-on-year, marking the fifth consecutive month of growth [1][3] - In September, the overall consumer price index (CPI) rose by 0.1% month-on-month, while the year-on-year CPI decreased by 0.3%, a reduction that is 0.1 percentage points smaller than the previous month [2][3] - Food prices saw a month-on-month increase of 0.7%, with seasonal price rises in fresh vegetables, eggs, fresh fruits, lamb, and beef ranging from 0.9% to 6.1% [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) remained flat month-on-month, with a year-on-year decline of 2.3%, which is a reduction of 0.6 percentage points compared to the previous month [4][5] - The PPI's year-on-year decline was influenced by improved supply-demand structures in certain industries, leading to price stabilization in coal processing, black metal smelting, and photovoltaic equipment manufacturing [4][5] - Input factors such as falling international oil prices contributed to the decrease in domestic oil-related industry prices, with oil extraction prices down by 2.7% and refined oil product manufacturing prices down by 1.5% [4][5]

Group 1: CPI Analysis - The Consumer Price Index (CPI) increased by 0.1% month-on-month in September, marking a shift from the previous month where it was flat [2] - Year-on-year, the CPI decreased by 0.3%, with the decline narrowing by 0.1 percentage points compared to the previous month [3] - Core CPI, excluding food and energy, rose by 1.0% year-on-year, marking the fifth consecutive month of growth and the first time in 19 months that it returned to a 1% increase [3] Group 2: Food and Energy Prices - Food prices rose by 0.7% month-on-month, contributing approximately 0.13 percentage points to the CPI increase, with seasonal price increases observed in fresh vegetables, eggs, fresh fruits, lamb, and beef [2] - Year-on-year, food prices fell by 4.4%, primarily driven by significant declines in pork, fresh vegetables, eggs, and fresh fruits, which collectively impacted the CPI by approximately 0.78 percentage points [3] - Energy prices decreased by 2.7% year-on-year, contributing to a 0.20 percentage point decline in the CPI [3] Group 3: PPI Analysis - The Producer Price Index (PPI) remained flat month-on-month for two consecutive months, with a year-on-year decline of 2.3%, which is a reduction of 0.6 percentage points compared to the previous month [4][5] - The stabilization in PPI is attributed to improved supply-demand dynamics in certain industries, with notable price increases in coal processing and black metal smelting [4] - Input factors, particularly the decline in international oil prices, have led to decreased prices in domestic oil-related industries [5] Group 4: Industry-Specific Insights - The ongoing construction of a unified national market has contributed to a narrowing of price declines in various sectors, with significant improvements noted in coal processing, black metal smelting, and photovoltaic equipment manufacturing [5] - Upgrading industrial structures and releasing consumer potential have led to price increases in high-end manufacturing sectors, such as aircraft manufacturing and electronic materials [5]

9月份，消费市场运行总体平稳，居民消费价格指数（CPI）环比上涨0.1%，同比下降0.3%，扣除食品 和能源价格的核心CPI同比上涨1.0%，涨幅连续第5个月扩大。全国统一大市场建设纵深推进，市场竞 争秩序持续优化，工业生产者出厂价格指数（PPI）环比继续持平；同比下降2.3%，降幅比上月收窄0.6 个百分点。 一、CPI环比由平转涨，核心CPI同比涨幅回升至1% 二、PPI环比持平，同比降幅继续收窄 PPI环比连续两个月持平。本月PPI环比运行的主要特点：一是供需结构改善带动部分行业价格明显企 稳。煤炭加工价格环比上涨3.8%，煤炭开采和洗选业价格上涨2.5%，黑色金属冶炼和压延加工业价格 上涨0.2%，均连续两个月上涨，光伏设备及元器件制造价格由上月下降0.2%转为上涨0.8%；非金属矿 物制品业、锂离子电池制造价格分别下降0.4%和0.2%，降幅比上月分别收窄0.6个和0.3个百分点。二是 输入性因素影响国内石油相关行业价格环比下降。国际油价下行带动国内石油相关行业价格环比下降。 其中石油开采价格下降2.7%，精炼石油产品制造价格下降1.5%，有机化学原料制造价格下降0.6%，化 学纤维制造业价格下降0 ...

Group 1: CPI Analysis - In September 2025, the Consumer Price Index (CPI) increased by 0.1% month-on-month and decreased by 0.3% year-on-year, with the core CPI (excluding food and energy) rising by 1.0%, marking the fifth consecutive month of growth [1][2][3] - The month-on-month CPI increase was influenced by a 0.7% rise in food prices, particularly fresh vegetables, eggs, fresh fruits, lamb, and beef, which saw price increases between 0.9% and 6.1% [3] - The year-on-year CPI decline of 0.3% was primarily due to a negative base effect, with food prices dropping by 4.4%, significantly impacting the overall CPI [4][5] Group 2: PPI Analysis - The Producer Price Index (PPI) remained flat month-on-month and decreased by 2.3% year-on-year, with the decline narrowing by 0.6 percentage points compared to the previous month [1][2][7] - The PPI's year-on-year decline was influenced by improvements in supply-demand structures, with certain industries like coal processing and black metal smelting showing price stabilization [6][7] - The ongoing construction of a unified national market has contributed to a reduction in price declines across various sectors, with notable improvements in industries such as coal processing and battery manufacturing [7]

格隆汇10月15日｜国家统计局城市司首席统计师董莉娟解读2025年9月份CPI和PPI数据，本月扣除食品和能源价格的核心CPI同比上涨1.0%，涨幅连续第5个 月扩大，为近19个月以来涨幅首次回到1%。其中，扣除能源的工业消费品价格上涨1.8%，涨幅连续第5个月扩大。工业消费品中，金饰品和铂金饰品价格分 别上涨42.1%和33.6%，家用器具、家庭日用杂品和通信工具价格分别上涨5.5%、3.2%和1.5%，涨幅均有扩大。服务价格上涨0.6%，涨幅较为稳定，其中医 疗服务和家庭服务价格分别上涨1.9%和1.6%，宾馆住宿和飞机票价格分别下降1.5%和1.7%。 （责任编辑：宋政 HN002） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请 读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com ...

Group 1: CPI Analysis - In September 2025, the Consumer Price Index (CPI) showed a month-on-month increase of 0.1%, reversing from the previous month's stability, while year-on-year it decreased by 0.3% [3][4] - The core CPI, excluding food and energy, rose by 1.0% year-on-year, marking the fifth consecutive month of growth [3][5] - Food prices decreased by 4.4% year-on-year, significantly impacting the overall CPI decline, with pork prices dropping by 17.0% and fresh vegetables by 13.7% [5][4] Group 2: PPI Analysis - The Producer Price Index (PPI) remained stable month-on-month, while the year-on-year decline narrowed to 2.3%, a reduction of 0.6 percentage points from the previous month [3][8] - Improvements in supply-demand structures led to price stabilization in several industries, including coal processing and black metal smelting, which saw price increases [6][8] - The decline in oil prices influenced domestic oil-related industry prices, contributing to the overall PPI trend [7][8]