据国家统计局，1月份，居民消费需求持续恢复，居民消费价格指数（CPI）环比上涨0.2%，同比上涨0.2%，扣除食品和能源价格的核心CPI同比上涨0.8%。 受全国统一大市场建设持续推进、部分行业需求增加及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0.4%，同比下降 1.4%。 一、CPI同比涨幅回落主要受春节错月影响，核心CPI保持温和上涨 CPI同比涨幅有所回落，主要有以下两方面原因：一是春节错月影响。上年1月份为春节月份，食品和部分服务价格上涨较多，导致上年同期对比基数较 高，带动本月同比涨幅回落较多。分类别看，食品价格下降0.7%，影响CPI同比下降约0.11个百分点，而上月对CPI的影响为上拉约0.21个百分点。食品中， 鲜菜价格上涨6.9%，涨幅比上月回落11.3个百分点，对CPI同比的上拉影响比上月回落约0.27个百分点；鲜果价格上涨3.2%，涨幅比上月回落1.2个百分点； 猪肉和鸡蛋价格分别下降13.7%和10.6%。服务价格上涨0.1%，影响CPI同比上涨约0.05个百分点，对CPI同比的上拉影响比上月减少约0.20个百分点。服务 中，飞机票、旅行社收费和家政服务 ...

一、CPI同比涨幅回落主要受春节错月影响，核心CPI保持温和上涨 CPI同比涨幅有所回落，主要有以下两方面原因：一是春节错月影响。上年1月份为春节月份，食品和 部分服务价格上涨较多，导致上年同期对比基数较高，带动本月同比涨幅回落较多。分类别看，食品价 格下降0.7%，影响CPI同比下降约0.11个百分点，而上月对CPI的影响为上拉约0.21个百分点。食品中， 鲜菜价格上涨6.9%，涨幅比上月回落11.3个百分点，对CPI同比的上拉影响比上月回落约0.27个百分 点；鲜果价格上涨3.2%，涨幅比上月回落1.2个百分点；猪肉和鸡蛋价格分别下降13.7%和10.6%。服务 价格上涨0.1%，影响CPI同比上涨约0.05个百分点，对CPI同比的上拉影响比上月减少约0.20个百分点。 服务中，飞机票、旅行社收费和家政服务价格分别下降14.3%、7.7%和3.5%，三项合计影响CPI同比下 降约0.16个百分点，而上月其对CPI同比影响为上拉约0.04个百分点。二是国际油价变动导致能源价格 降幅扩大。1月份能源价格下降5.0%，影响CPI同比下降约0.34个百分点，对CPI同比的下拉影响比上月 增加约0.06个百分点，其 ...

Group 1: CPI Analysis - The Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) rising by 0.8% year-on-year [1] - The year-on-year CPI growth rate declined mainly due to the high base effect from the previous year's Spring Festival, with food prices decreasing by 0.7%, impacting the CPI by approximately 0.11 percentage points [1] - Energy prices fell by 5.0% in January, contributing to a year-on-year CPI decrease of about 0.34 percentage points, with gasoline prices down 11.4% [1] Group 2: Core CPI Trends - The core CPI (excluding food and energy) rose by 0.3% month-on-month, marking the highest increase in six months [2] - Prices for air tickets and travel agency services increased by 5.7% and 2.0% respectively, while prices for household appliances and personal care products saw increases between 0.7% and 1.4% [2] - The year-on-year increase in industrial consumer goods prices (excluding energy) expanded to 2.6%, with gold jewelry prices surging by 77.4% [2] Group 3: PPI Analysis - The Producer Price Index (PPI) rose by 0.4% month-on-month, marking the fourth consecutive month of increases, with the growth rate expanding by 0.2 percentage points from the previous month [3] - The increase in PPI was driven by the ongoing construction of a unified national market, leading to price rises in sectors such as cement manufacturing and lithium-ion battery production [3] - The year-on-year PPI decline narrowed to 1.4%, with significant price increases in the non-ferrous metal mining sector (up 22.7%) and cultural and educational products manufacturing (up 21.2%) [4]

智通财经APP获悉，2月11日，国家统计局城市司首席统计师董莉娟解读2026年1月份CPI和PPI数据。1 月份，居民消费需求持续恢复，居民消费价格指数（CPI）环比上涨0.2%，同比上涨0.2%，扣除食品和 能源价格的核心CPI同比上涨0.8%。受全国统一大市场建设持续推进、部分行业需求增加及国际大宗商 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0.4%，同比下降1.4%。 全文如下： 2026年1月份CPI同比上涨 PPI同比降幅收窄 ——国家统计局城市司首席统计师董莉娟解读2026年1月份CPI和PPI数据 居民消费需求持续恢复，核心CPI温和上涨的态势没有改变。一是核心CPI环比继续上涨。扣除食品和 能源价格的核心CPI环比上涨0.3%，为近6个月最高。其中，飞机票和旅行社收费价格环比分别上涨 5.7%和2.0%；家政服务、美发、电影及演出票价格涨幅在0.4%—2.8%之间；数据存储设备和计算机价 格分别上涨8.0%和2.6%；家用器具、家庭日用杂品、个人护理用品价格涨幅在0.7%—1.4%之间。二是 扣除能源的工业消费品价格同比涨幅持续扩大。扣除能源的工业消费品价格同比上涨2.6 ...

Group 1: CPI Analysis - The Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) rising by 0.8% year-on-year [2][3] - The decline in food prices by 0.7% contributed to a decrease in CPI, while fresh vegetable prices rose by 6.9% [3][4] - Energy prices fell by 5.0%, impacting the CPI negatively by approximately 0.34 percentage points [3][4] Group 2: PPI Analysis - The Producer Price Index (PPI) rose by 0.4% month-on-month, marking the fourth consecutive month of increase, with the year-on-year decline narrowing to 1.4% [2][5] - The increase in PPI was driven by the ongoing construction of a unified national market, leading to price rises in sectors such as cement and lithium-ion battery manufacturing [5][6] - The prices in the non-ferrous metal mining sector increased by 22.7%, while energy-related industries continued to see price declines [7]

Group 1 - The core CPI excluding food and energy prices increased by 0.8% year-on-year, indicating a moderate inflationary trend in consumer prices [1][2] - In January, the CPI rose by 0.2% month-on-month and year-on-year, reflecting a recovery in consumer demand [1][3] - The PPI increased by 0.4% month-on-month, marking the fourth consecutive month of growth, with a year-on-year decline of 1.4%, which is a narrowing of the decline compared to the previous month [1][4][5] Group 2 - The decline in CPI year-on-year was primarily influenced by the timing of the Spring Festival, which affected the comparison base from the previous year [2][3] - Food prices decreased by 0.7%, contributing to a drop in CPI by approximately 0.11 percentage points, while service prices saw a slight increase of 0.1% [2][3] - Energy prices fell by 5.0% in January, impacting CPI by approximately 0.34 percentage points, with gasoline prices down by 11.4% year-on-year [2][3] Group 3 - The core CPI excluding food and energy prices rose by 0.3% month-on-month, the highest increase in six months, driven by higher prices for air tickets and travel services [3][4] - Industrial consumer goods prices excluding energy saw a year-on-year increase of 2.6%, with significant price rises in gold jewelry and household goods [3][4] - The PPI's month-on-month increase was supported by the ongoing development of a unified national market, leading to price rises in various sectors such as cement and lithium-ion batteries [4][5]

Core Viewpoint - The January CPI year-on-year growth rate has decreased, primarily due to the impact of the Spring Festival timing and changes in international oil prices [1] Group 1: CPI Analysis - The year-on-year CPI growth rate has declined due to a high comparison base from the previous year when the Spring Festival occurred, leading to increased food and service prices [1] - Energy prices saw a significant decrease of 5.0% in January, contributing to a drop in the CPI by approximately 0.34 percentage points, with the downward impact on CPI increasing by about 0.06 percentage points compared to the previous month [1] - Gasoline prices fell by 11.4% year-on-year, with the decline rate expanding by 3.0 percentage points compared to the previous month [1] Group 2: Consumer Demand - Despite the decline in CPI, the recovery of consumer demand continues, and the core CPI shows a moderate upward trend [1]

2026年1月份CPI同比上涨 PPI同比降幅收窄 1月份，居民消费需求持续恢复，居民消费价格指数（CPI）环比上涨0.2%，同比上涨0.2%，扣除 食品和能源价格的核心CPI同比上涨0.8%。受全国统一大市场建设持续推进、部分行业需求增加及国际 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0.4%，同比下降1.4%。 一、CPI同比涨幅回落主要受春节错月影响，核心CPI保持温和上涨 CPI同比涨幅有所回落，主要有以下两方面原因：一是春节错月影响。上年1月份为春节月份，食 品和部分服务价格上涨较多，导致上年同期对比基数较高，带动本月同比涨幅回落较多。分类别看，食 品价格下降0.7%，影响CPI同比下降约0.11个百分点，而上月对CPI的影响为上拉约0.21个百分点。食品 中，鲜菜价格上涨6.9%，涨幅比上月回落11.3个百分点，对CPI同比的上拉影响比上月回落约0.27个百 分点；鲜果价格上涨3.2%，涨幅比上月回落1.2个百分点；猪肉和鸡蛋价格分别下降13.7%和10.6%。服 务价格上涨0.1%，影响CPI同比上涨约0.05个百分点，对CPI同比的上拉影响比上月减少约0.20个百分 ...

（文章来源：国家统计局） 国家统计局城市司首席统计师董莉娟表示，CPI同比涨幅有所回落，主要有以下两方面原因：一是春节 错月影响。上年1月份为春节月份，食品和部分服务价格上涨较多，导致上年同期对比基数较高，带动 本月同比涨幅回落较多。二是国际油价变动导致能源价格降幅扩大。1月份能源价格下降5.0%，影响 CPI同比下降约0.34个百分点，对CPI同比的下拉影响比上月增加约0.06个百分点，其中汽油价格同比下 降11.4%，降幅比上月扩大3.0个百分点。居民消费需求持续恢复，核心CPI温和上涨的态势没有改变。 ...

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 ...