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19个月来首次,核心CPI回升至1%
经济观察报· 2025-10-15 13:14
Group 1 - The core viewpoint of the article highlights the pressure on the household sector due to declining housing prices, despite improvements in government and corporate balance sheets supported by debt reduction policies and related industry support [1][2][3] - The September CPI showed a year-on-year decline of 0.3%, with food prices being a significant factor, as they dropped by 4.4%, impacting the CPI by approximately 0.83 percentage points [2][4] - The core CPI, excluding food and energy, increased by 1.0% year-on-year, marking the first return to above 1% growth in 19 months, indicating a potential shift in consumer price trends [2][3] Group 2 - The article discusses the contrasting trends in food and gold prices, with food prices experiencing negative growth since July, while gold prices surged, with gold jewelry and platinum jewelry prices rising by 42.1% and 33.6% respectively in September [4][5] - The report from Nomura China indicates that the CPI remains negative, but the decline has slightly narrowed, driven by rising gold prices, while the service sector continues to be a drag on overall consumption [5][6] - To stimulate market demand, experts suggest enhancing stock market performance and improving social security levels to boost consumer confidence and increase household income [7][8]