Group 1 - The overall consumer market in September remained stable, with the Consumer Price Index (CPI) rising by 0.1% month-on-month, shifting from flat in the previous month [1] - Food prices increased by 0.7%, driven by seasonal price rises in fresh vegetables, eggs, and fresh fruits, while pork and aquatic product prices decreased due to sufficient supply [1] - Clothing prices rose by 0.8% as autumn collections were introduced [1] Group 2 - Year-on-year, the CPI decreased by 0.3%, with the decline narrowing by 0.1 percentage points compared to the previous month [4] - Among the eight categories of goods and services that constitute the CPI, six categories saw price increases, while only food, tobacco, alcohol, and transportation and communication prices declined [4] Group 3 - The core CPI, excluding food and energy prices, rose by 1.0% year-on-year, marking the fifth consecutive month of expansion and the first time in 19 months that the growth rate returned to 1% [5] - The increase in core CPI is primarily attributed to rising prices of durable consumer goods and services, supported by effective policies to stimulate domestic demand and consumption [7] Group 4 - Prices of industrial consumer goods, excluding energy, increased by 1.8%, with the growth rate expanding for the fifth consecutive month [8] - Prices for household appliances and communication tools rose by 5.5% and 1.5%, respectively, indicating an upward trend [8] - Service prices increased by 0.6%, showing stable growth [8]

Core Insights - The Consumer Price Index (CPI) in China decreased by 0.3% year-on-year in September 2025, with urban areas seeing a decline of 0.2% and rural areas a decline of 0.5% [2] - The average CPI from January to September 2025 fell by 0.1% compared to the same period last year [2] Price Changes - Food prices dropped by 4.4%, contributing approximately 0.83 percentage points to the CPI decline, making it the primary factor for the decrease [3] - Specific food items such as pork, fresh vegetables, eggs, and fresh fruits saw significant price drops of 17.0%, 13.7%, 13.5%, and 4.2% respectively, collectively impacting the CPI by about 0.78 percentage points [3] - Energy prices decreased by 2.7%, contributing around 0.20 percentage points to the CPI decline [3] Core CPI and Industrial Prices - The core CPI, excluding food and energy, increased by 1.0%, marking the first return to this growth rate in 19 months [3] - Industrial consumer goods prices, excluding energy, rose by 1.8%, with notable increases in gold and platinum jewelry prices of 42.1% and 33.6% respectively [3] Service Prices - Service prices increased by 0.6%, with stable growth observed in medical services and household services, which rose by 1.9% and 1.6% respectively [3] - Prices for hotel accommodations and airline tickets decreased by 1.5% and 1.7% respectively [3]

Group 1 - The core viewpoint of the article is that the consumer price index (CPI) in China showed a year-on-year decline of 0.3% in September, while the core CPI, excluding food and energy, increased by 1.0%, marking the first return to a 1% increase in nearly 19 months [1] Group 2 - In September, food prices decreased by 4.4% year-on-year, while non-food prices rose by 0.7%. Overall, consumer goods prices fell by 0.8%, and service prices increased by 0.6% [1] - The average CPI from January to September decreased by 0.1% compared to the same period last year [1] - The decline in CPI is primarily attributed to the "carryover effect," with the carryover impact accounting for approximately -0.8 percentage points of the CPI change, while new price changes contributed about 0.5 percentage points [1] - The decrease in food prices had a significant impact on the CPI, contributing approximately -0.83 percentage points to the year-on-year decline, while energy prices decreased by 2.7%, contributing about -0.20 percentage points [1]

Group 1 - The core CPI excluding food and energy prices increased by 1.0% year-on-year, marking the first return to a 1% increase in nearly 19 months, with the growth rate expanding for the fifth consecutive month [1][4] - In September 2025, the national consumer price index (CPI) decreased by 0.3% year-on-year, with urban areas down 0.2% and rural areas down 0.5% [1][4] - Food prices fell by 4.4%, significantly impacting the CPI decline, while non-food prices rose by 0.7% [1][2] Group 2 - In September, the prices of food, tobacco, and alcohol decreased by 2.6% year-on-year, contributing approximately 0.74 percentage points to the CPI decline [1][2] - Specific food items saw significant price drops: fresh vegetables down 13.7%, eggs down 11.9%, and pork down 17.0% [1][4] - The average CPI for January to September 2025 was down 0.1% compared to the same period last year [1] Group 3 - The PPI (Producer Price Index) decreased by 2.3% year-on-year, with the decline narrowing by 0.6 percentage points compared to the previous month [7] - The industrial producer purchase prices also fell by 3.1% year-on-year, with a 0.1% increase month-on-month [4][7] - The prices of coal processing and black metal smelting industries showed signs of stabilization, with coal processing prices up by 3.8% month-on-month [5][7]

Group 1: Consumer Price Index (CPI) Insights - In September, the Consumer Price Index (CPI) showed a month-on-month increase of 0.1%, reversing from the previous month where it was flat [1][3] - Year-on-year, the CPI decreased by 0.3%, but the decline was narrower by 0.1 percentage points compared to the previous month [6] - The core CPI, excluding food and energy, rose by 1.0% year-on-year, marking the first return to a 1% increase in nearly 19 months [6] Group 2: Producer Price Index (PPI) Insights - The Producer Price Index (PPI) remained flat month-on-month for the second consecutive month [7] - Year-on-year, the PPI decreased by 2.3%, with the decline narrowing by 0.6 percentage points from the previous month [11] - Factors contributing to the PPI trends include improved supply-demand structures in certain industries and the impact of international oil prices on domestic oil-related industry prices [9][10]

Core Insights - In September 2025, the national consumer price index (CPI) decreased by 0.3% year-on-year, while it increased by 0.1% month-on-month [2][4] Group 1: Year-on-Year Changes - The CPI decline was influenced by a 4.4% decrease in food prices, while non-food prices rose by 0.7% [2][4] - Urban areas saw a 0.2% decrease in prices, while rural areas experienced a 0.5% decline [2] - Major contributors to the CPI decline included fresh vegetables (-13.7%), eggs (-11.9%), and pork (-17.0%) [4][5] Group 2: Month-on-Month Changes - In September, the CPI increased by 0.1% month-on-month, with urban prices remaining stable and rural prices rising by 0.2% [2][8] - Food prices rose by 0.7% month-on-month, with fresh vegetables increasing by 6.1% [8] - Other categories showed mixed results, with clothing prices up by 0.7% and transportation and communication prices down by 0.9% [8] Group 3: Industrial Producer Prices - The industrial producer price index (IPP) saw a year-on-year decline of 2.4%, primarily due to a 9.0% drop in mining prices [12] - Life goods prices decreased by 1.7%, impacting the overall IPP [12] - Month-on-month, the IPP remained stable, with mining prices increasing by 1.2% [15]

Core Insights - In September 2025, the national consumer price index (CPI) decreased by 0.3% year-on-year, while it increased by 0.1% month-on-month [2][12][14] - The average CPI from January to September 2025 showed a decline of 0.1% compared to the same period last year [3][10] Price Changes - Urban CPI fell by 0.2% and rural CPI decreased by 0.5% year-on-year [3][10] - Food prices dropped by 4.4% year-on-year, significantly impacting the overall CPI, while non-food prices rose by 0.7% [3][14] - In September, food prices increased by 0.7% month-on-month, contributing to a 0.13 percentage point rise in CPI [8][12] Detailed Price Movements - Fresh vegetables saw a significant year-on-year price drop of 13.7%, while pork prices decreased by 17.0% [5][14] - Other categories showed mixed results, with clothing prices rising by 1.7% year-on-year, while transportation and communication prices fell by 2.0% [5][10] Core CPI Insights - The core CPI, excluding food and energy, rose by 1.0% year-on-year, marking the fifth consecutive month of growth [12][14] - This increase in core CPI indicates a stabilization in consumer demand and pricing trends [11][12] Producer Price Index (PPI) Trends - The PPI remained flat month-on-month but decreased by 2.3% year-on-year, with the decline narrowing by 0.6 percentage points compared to the previous month [12][17] - Improvements in supply-demand structures have led to price stabilization in several industries, including coal and metal processing [15][17] Sector-Specific Insights - The prices in the coal processing sector increased by 3.8% month-on-month, indicating a recovery in that industry [15][17] - The prices of high-end manufacturing sectors, such as aircraft and electronic materials, showed positive year-on-year growth, reflecting an upward trend in consumer demand [17]

智通财经APP获悉，10月15日，国家统计局发布的数据显示，2025年9月份，全国居民消费价格同比下降0.3%。其中，城市下降0.2%，农村下降0.5%；食品 价格下降4.4%，非食品价格上涨0.7%；消费品价格下降0.8%，服务价格上涨0.6%。1—9月平均，全国居民消费价格比上年同期下降0.1%。9月份，全国居民 消费价格环比上涨0.1%。其中，城市持平，农村上涨0.2%；食品价格上涨0.7%，非食品价格下降0.1%；消费品价格上涨0.3%，服务价格下降0.3%。 原文如下： 2025年9月份居民消费价格同比下降0.3% 环比上涨0.1% 2025年9月份，全国居民消费价格同比下降0.3%。其中，城市下降0.2%，农村下降0.5%;食品价格下降4.4%，非食品价格上涨0.7%;消费品价格下降0.8%，服 务价格上涨0.6%。1—9月平均，全国居民消费价格比上年同期下降0.1%。 9月份，全国居民消费价格环比上涨0.1%。其中，城市持平，农村上涨0.2%;食品价格上涨0.7%，非食品价格下降0.1%;消费品价格上涨0.3%，服务价格下降 0.3%。 9月份，食品烟酒类价格环比上涨0.5%，影响CPI上涨约0 ...

央视网消息：据国家统计局网站消息，2025年9月份，全国居民消费价格同比下降0.3%。其中，城市下降0.2%，农村下降0.5%；食品价格下降4.4%，非食品 价格上涨0.7%；消费品价格下降0.8%，服务价格上涨0.6%。1—9月平均，全国居民消费价格比上年同期下降0.1%。 9月份，全国居民消费价格环比上涨0.1%。其中，城市持平，农村上涨0.2%；食品价格上涨0.7%，非食品价格下降0.1%；消费品价格上涨0.3%，服务价格下 降0.3%。 一、各类商品及服务价格同比变动情况 其他七大类价格环比四涨一平两降。其中，其他用品及服务、衣着价格分别上涨1.3%和0.7%，生活用品及服务、医疗保健价格分别上涨0.3%和0.2%；居住 价格持平；交通通信、教育文化娱乐价格分别下降0.9%和0.4%。 9月份居民消费价格' (%) 1.5 1.0 0.7 0.5 0.5 0.3 0.0 0.0 -0.5 -1.0 -1.5 居住 衣着 生活用品 食品烟酒 及服务 2025年9月份居民消费价格主要数据 | | | | | 环比涨跌幅 | 同比张跌幅 | 1-9月 | | --- | --- | --- | --- | ...

2025年9月份，全国居民消费价格同比下降0.3%。其中，城市下降0.2%，农村下降0.5%；食品价格下降4.4%，非食品价格上涨0.7%；消费品价格下降0.8%， 服务价格上涨0.6%。1—9月平均，全国居民消费价格比上年同期下降0.1%。 9月份，全国居民消费价格环比上涨0.1%。其中，城市持平，农村上涨0.2%；食品价格上涨0.7%，非食品价格下降0.1%；消费品价格上涨0.3%，服务价格下 降0.3%。 一、各类商品及服务价格同比变动情况 9月份，食品烟酒类价格同比下降2.6%，影响CPI（居民消费价格指数）下降约0.74个百分点。食品中，鲜菜价格下降13.7%，影响CPI下降约0.35个百分点； 蛋类价格下降11.9%，影响CPI下降约0.08个百分点；畜肉类价格下降8.4%，影响CPI下降约0.27个百分点，其中猪肉价格下降17.0%，影响CPI下降约0.26个 百分点；鲜果价格下降4.2%，影响CPI下降约0.09个百分点；粮食价格下降0.7%，影响CPI下降约0.01个百分点；水产品价格上涨0.9%，影响CPI上涨约0.02 个百分点。 其他七大类价格同比六涨一降。其中，其他用品及服务、生活用 ...