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核心CPI重回1% 9月物价数据透出哪些信号?
Xin Hua Wang· 2025-10-16 00:38
Group 1 - The consumer price index (CPI) in September showed a slight month-on-month increase of 0.1%, with the core CPI rising by 1% year-on-year, marking the first return to a 1% increase in 19 months [1] - Food prices contributed to the CPI increase, with a 0.7% rise in food prices month-on-month, particularly in seasonal items like fresh vegetables, eggs, and meats [1] - The year-on-year CPI decline of 0.3% was primarily due to base effects, with the tail effect contributing approximately -0.8 percentage points [2] Group 2 - The producer price index (PPI) decreased by 2.3% year-on-year in September, but the decline was less severe than the previous month, indicating positive changes in industrial pricing [3] - Improvements in supply-demand structures and the ongoing development of a unified national market have contributed to a narrowing of price declines in various industries [3] - Certain industries, such as coal processing and black metal smelting, have shown price increases, with coal processing prices rising by 3.8% month-on-month [3] Group 3 - Emerging industries are thriving, with new consumption patterns and business models driving positive price changes in related sectors [4] - The modernization of the industrial system is leading to high-end, intelligent, and green development, which is expanding market demand and causing price increases in sectors like aircraft manufacturing and electronic materials [8] - Consumer demand is shifting from quantity to quality, with significant price increases in sectors such as arts and crafts, sports equipment, and nutritional foods, reflecting a trend towards quality consumption [9]
财经聚焦|核心CPI重回1%,9月物价数据透出哪些信号?
Xin Hua She· 2025-10-15 14:12
Group 1 - The consumer price index (CPI) in September showed a month-on-month increase of 0.1%, with the core CPI (excluding food and energy) rising by 1% year-on-year, marking the first return to a 1% increase in nearly 19 months [1] - Food prices contributed to the CPI increase, with a 0.7% rise in food prices month-on-month, impacting the CPI by approximately 0.13 percentage points [1] - The decline in CPI year-on-year was 0.3%, with the drop narrowing by 0.1 percentage points compared to the previous month, primarily due to the "tail effect" [3] Group 2 - The Producer Price Index (PPI) showed a year-on-year decline of 2.3% in September, with the decrease narrowing by 0.6 percentage points from the previous month, indicating positive changes in industrial pricing [4] - The prices in certain industries, such as coal processing and black metal smelting, showed a narrowing decline, reflecting improved market competition and capacity management [5] - The new energy and technology sectors are experiencing growth, with emerging consumption patterns leading to price increases in related industries, such as a 1.4% rise in aircraft manufacturing prices [6][8] Group 3 - The demand for quality consumption is increasing, with a shift from quantity expansion to quality enhancement as GDP per capita exceeds $13,000 [8] - Prices for high-quality consumer goods, such as arts and crafts, saw significant increases, with a 14.7% rise in the manufacturing price of arts and crafts and a 4% increase in sports equipment manufacturing [8] - Policies aimed at boosting consumption are expected to further support price trends in various industries, leading to improved market supply and demand relationships [8]