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物价水平进一步企稳:鲜菜价格连降9个月后首次转涨 专家:明年下半年生猪供应或现实质性收缩 支撑猪肉价格走高
Mei Ri Jing Ji Xin Wen· 2025-12-10 15:28
12月10日,国家统计局公布11月份物价数据。 数据显示,11月物价水平进一步企稳。CPI(居民消费价格指数)环比略降0.1%,同比上涨0.7%,涨幅创2024年3月份以来新高,核心CPI同比涨幅连续3个 月保持在1%以上。PPI(工业生产者出厂价格指数)环比上涨0.1%,连续第二个月上涨,同比下降2.2%。 其中,食品价格同比由降转涨。鲜菜价格由上月下降7.3%转为上涨14.5%,为连续下降9个月后首次转涨。新材料、具身智能等高技术制造业发展带动相关 行业价格上涨。 中国民生银行首席经济学家兼研究院院长温彬在接受《每日经济新闻》记者采访时指出,展望2026年,随着扩内需等政策措施发力显效,现代化产业体系加 快构建,叠加重点行业产能治理持续推进、市场竞争秩序优化,物价有望低位温和回升。 鲜菜价格"逆袭",服务价格"遇冷" 11月,CPI同比上涨0.7%,涨幅比上月扩大0.5个百分点。 温彬表示,部分地区降雨降温,导致蔬菜供应量下降、运输难度与成本增加,价格环比上涨7.2%,远高于历史同期均值0.7%;市场供应充足情况下,猪 肉、鸡蛋、鲜果和水产品价格承压。 猪肉价格何时止跌? 温彬认为,政策调控和市场倒逼的双 ...
CPI释放内需回暖信号 国际机构密集上调中国经济增速
Di Yi Cai Jing· 2025-12-10 12:56
11月CPI同比上涨0.7%,为2024年3月份以来最高。 随着扩内需政策持续落地见效,居民消费持续恢复,11月居民消费价格指数(CPI)同比上涨0.7%,为2024年3月份以来最高,核心CPI同比涨幅连续3个月 保持在1%以上。受国内部分行业供需结构优化、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)环比继续增长,同比降幅略有扩大。 (图表来源:国家统计局) 国家统计局12月10日发布的数据显示,11月CPI同比上涨0.7%,涨幅比上月扩大0.5个百分点;CPI环比由增长0.2%转为下降0.1%。PPI环比上涨0.1%,连续 两个月上涨;PPI同比下降2.2%,降幅比上月扩大0.1个百分点。 CPI同比连续三个月回升释放出内需回暖的积极信号。国际货币基金组织(IMF)12月10日在北京表示,中国经济仍展现出显著韧性。IMF预计2025年中国 经济增速将达5%,较10月发布的《世界经济展望报告》上调0.2个百分点。此外,亚洲开发银行、经济合作与发展组织(OECD)等多家国际机构近期也纷 纷上调今年中国经济增速。 菜价、金价大幅上涨 国家统计局城市司首席统计师董莉娟分析,11月CPI同比涨幅扩 ...
CPI释放内需回暖信号,国际机构密集上调中国经济增速
Di Yi Cai Jing· 2025-12-10 12:49
Group 1: Consumer Price Index (CPI) Trends - The Consumer Price Index (CPI) increased by 0.7% year-on-year in November, the highest since March 2024, with a month-on-month decline of 0.1% [3][4] - Core CPI, excluding food and energy, rose by 1.2% year-on-year, maintaining a growth rate above 1% for three consecutive months [5][6] - The rise in CPI is attributed to a turnaround in food prices, particularly fresh vegetables, which saw a significant increase of 14.5% year-on-year after nine months of decline [4][5] Group 2: Producer Price Index (PPI) Insights - The Producer Price Index (PPI) increased by 0.1% month-on-month for two consecutive months, but year-on-year it decreased by 2.2%, with the decline slightly widening [3][8] - Seasonal demand increases in certain industries, such as coal and gas, contributed to the month-on-month rise in PPI [7][8] - The overall PPI trend reflects a positive change in pricing due to ongoing macroeconomic policies and a reduction in "involution" competition in key industries [8][10] Group 3: Economic Outlook and Policy Measures - The International Monetary Fund (IMF) projects China's economic growth rate to reach 5% in 2025, an upward revision from previous forecasts [3] - The Chinese government is intensifying policies to boost domestic demand, with a focus on optimizing the supply structure of consumer goods by 2027 [11][12] - Various local governments are implementing plans to enhance domestic demand, emphasizing the importance of consumer-driven economic growth [12]
CPI同比涨幅扩大 核心CPI继续上涨——透视11月物价数据
Xin Hua Wang· 2025-12-10 09:47
新华社北京12月10日电 题:CPI同比涨幅扩大 核心CPI继续上涨——透视11月物价数据 新华社记者王雨萧 国家统计局最新发布数据显示,11月份,全国居民消费价格指数(CPI)环比略降0.1%,同比上涨 0.7%,扣除食品和能源价格的核心CPI同比上涨1.2%,涨幅连续3个月保持在1%以上。 董莉娟分析,国内部分行业需求季节性增加带动价格上涨。各地"迎峰度冬"开始,煤炭、燃气需求季节 性增加,煤炭开采和洗选业价格环比上涨4.1%,煤炭加工价格上涨3.4%,燃气生产和供应业价格上涨 0.7%。入冬以来,防寒保暖产品进入消费旺季,毛织造加工价格上涨0.6%,羽绒制品加工价格上涨 0.2%。 "PPI同比下降2.2%,降幅比上月扩大0.1个百分点,主要受上年同期对比基数走高影响。"董莉娟说,随 着我国各项宏观政策不断显效,价格呈现积极变化。 综合整治"内卷式"竞争成效显现—— 重点行业产能治理持续推进,市场竞争秩序不断优化,煤炭开采和洗选业、光伏设备及元器件制造、锂 离子电池制造价格同比降幅均已连续多个月收窄;新能源车整车制造价格降幅比上月收窄0.6个百分 点。 新兴产业快速发展,带动相关行业价格同比上涨—— " ...
东海期货11月宏观数据观察:CPI同比超预期回升,PPI降幅有望收窄
Xin Lang Cai Jing· 2025-12-10 09:38
Group 1 - In November, China's CPI increased by 0.7% year-on-year, matching expectations, and up from 0.2% in the previous month [1][19] - The PPI decreased by 2.2% year-on-year, slightly worse than the expected decline of 2.0% and a previous decline of 2.1% [1][19] - The rise in CPI was driven by a significant rebound in food prices, while PPI's decline was influenced by high base comparisons from the previous year and ongoing supply-demand structural optimization in certain industries [20][21] Group 2 - The overall improvement in domestic supply-demand relationships is expected to lead to a gradual narrowing of PPI declines, supported by ongoing capacity governance in key industries [20][21] - International commodity prices have generally risen, while domestic demand remains weak, but some industries are experiencing price increases due to improved supply-demand fundamentals [20][21] - The core CPI maintained a high year-on-year growth rate of 1.2%, with non-food prices rising by 0.8%, indicating effective consumer demand policies [20][21] Group 3 - Food prices shifted from a decline of 2.9% last month to an increase of 0.2%, significantly impacting the CPI [20][21] - Energy prices fell by 3.4% year-on-year, contributing to the overall inflationary pressure [20][21] - The service sector saw price increases, with notable rises in household appliances and clothing prices, reflecting the effectiveness of domestic demand expansion policies [20][21]
11月CPI同比涨幅扩大,食品价格是主因
Zheng Quan Shi Bao Wang· 2025-12-10 05:18
(原标题:11月CPI同比涨幅扩大,食品价格是主因) 11月份居民消费持续恢复,综合整治"内卷式"竞争成效显现。 12月10日,国家统计局公布数据显示,11月份居民消费价格指数(CPI)同比上涨0.7%,涨幅扩大;扣 除食品和能源价格的核心CPI同比上涨1.2%,涨幅连续3个月保持在1%以上。 同期,工业生产者出厂价格指数(PPI)环比上涨0.1%,连续两个月上涨;同比下降2.2%,降幅比上月 扩大0.1个百分点。值得注意的是,综合整治"内卷式"竞争成效持续显现,如煤炭开采和洗选业、光伏 设备及元器件制造、锂离子电池制造等行业价格同比降幅均已连续多个月收窄。部分行业价格走势反映 出新兴产业快速发展、消费潜力有效释放。 董莉娟介绍,其中扩内需政策措施继续显效,家用器具和服装价格分别上涨4.9%和2.0%,飞机票、家 政服务和在外餐饮价格分别上涨7.0%、2.4%和1.2%。 不过,从环比看,服务价格出现季节性下降。董莉娟介绍,节后出行需求季节性回落,宾馆住宿、飞机 票、旅行社收费和交通工具租赁费价格分别环比下降10.4%、10.2%、6.2%和3.6%,合计影响CPI环比下 降约0.13个百分点;房屋租赁进入淡 ...
重磅经济数据发布!
证券时报· 2025-12-10 04:35
Group 1 - The core viewpoint of the article highlights the continuous recovery of consumer spending in November, with the Consumer Price Index (CPI) showing a year-on-year increase of 0.7%, marking the highest growth since March 2024 [1][3] - The core CPI, excluding food and energy prices, rose by 1.2% year-on-year, maintaining a growth rate above 1% for three consecutive months [5][6] - The Producer Price Index (PPI) experienced a year-on-year decline of 2.2%, with the drop rate expanding by 0.1 percentage points compared to the previous month, primarily due to a high comparison base from the previous year [9][10] Group 2 - In November, food prices increased by 0.5%, exceeding seasonal levels by 0.9 percentage points, largely driven by a significant rise in fresh vegetable prices, which turned from a 7.3% decline to a 14.5% increase [4][3] - Fresh vegetable prices rose by 7.2% month-on-month, significantly higher than the average seasonal decline of 3.2%, contributing approximately 0.17 percentage points to the month-on-month CPI increase [2][3] - The increase in food prices was complemented by rising prices in other categories, such as household appliances and clothing, which rose by 4.9% and 2.0% respectively [7] Group 3 - The article notes that the comprehensive rectification of "involution-style" competition has shown results, with price declines in industries such as coal mining, photovoltaic equipment manufacturing, and lithium-ion battery manufacturing narrowing for several consecutive months [1][10] - Emerging industries are experiencing rapid development, leading to price increases in related sectors, such as a 13.9% rise in external storage devices and components, and a 3.8% increase in graphite and carbon products manufacturing [11] - The effective release of consumer potential is reflected in price recoveries in various industries, including a 20.6% increase in the manufacturing of arts and crafts and ceremonial goods [11]
0.7%
Shang Hai Zheng Quan Bao· 2025-12-10 04:32
Group 1 - In November, the Consumer Price Index (CPI) increased by 0.7% year-on-year, marking the highest level since March 2024, with a 0.5 percentage point increase from October [1][3] - The rise in CPI was primarily driven by a turnaround in food prices, which shifted from a 2.9% decline in October to a 0.2% increase in November, positively impacting the CPI by 0.04 percentage points [3] - Fresh vegetable prices saw a significant increase, rising by 14.5% year-on-year in November after nine consecutive months of decline, while pork and poultry prices experienced a narrowing of their decline [3] Group 2 - The Producer Price Index (PPI) rose by 0.1% month-on-month in November, continuing the upward trend for the second consecutive month, driven by seasonal demand increases in coal and gas [5][6] - The PPI year-on-year decreased by 2.2%, with the decline slightly widening compared to October, primarily due to high comparison bases from the previous year [6] - Key industries such as coal mining, photovoltaic equipment manufacturing, and lithium-ion battery manufacturing saw a narrowing of their year-on-year price declines, indicating effective capacity management policies [7] Group 3 - The core CPI, excluding food and energy, rose by 1.2% year-on-year, maintaining a level above 1% for three consecutive months, with service prices and industrial consumer goods prices also showing positive growth [3][4] - Seasonal factors led to a decrease in service prices, with significant declines observed in accommodation, airfares, and travel-related costs [4] - Emerging industries are experiencing rapid growth, with notable year-on-year price increases in sectors such as external storage devices (13.9%), graphite and carbon products (3.8%), and integrated circuit manufacturing (1.7%) [7][8]
1.2%↑!创2024年3月以来新高!
Zheng Quan Shi Bao Wang· 2025-12-10 03:53
(原标题:1.2%↑!创2024年3月以来新高!) "11月份食品价格环比上涨0.5%,高于季节性水平0.9个百分点,主要是鲜菜价格上涨影响。"董莉娟 说。 核心CPI涨幅连续3个月保持在1%以上 除了食品价格外,11月份扣除食品和能源价格的核心CPI同比上涨1.2%,涨幅连续3个月保持在1%以 上。服务和扣除能源的工业消费品价格分别上涨0.7%和2.1%,分别影响CPI同比上涨约0.29个百分点和 0.53个百分点。 同期,工业生产者出厂价格指数(PPI)环比上涨0.1%,连续两个月上涨;同比下降2.2%,降幅比上月 扩大0.1个百分点。值得注意的是,综合整治"内卷式"竞争成效持续显现,如煤炭开采和洗选业、光伏 设备及元器件制造、锂离子电池制造等行业价格同比降幅均已连续多个月收窄。部分行业价格走势反映 出新兴产业快速发展、消费潜力有效释放。 鲜菜价格上涨明显,环比大超季节性 11月份,CPI同比上涨0.7%,涨幅比上月扩大0.5个百分点。国家统计局城市司首席统计师董莉娟表示, CPI同比涨幅为2024年3月份以来最高,同比涨幅扩大主要是食品价格由降转涨拉动。 数据显示,11月份,CPI的分项数据中,食品价格 ...
11月CPI同比升至20个月新高,发生了什么
Di Yi Cai Jing· 2025-12-10 03:45
扣除食品和能源价格的核心CPI同比上涨1.2%。 国家统计局12月10日发布最新居民消费价格指数(CPI)和工业生产者出厂价格指数(PPI)数据。 随着扩内需政策持续落地见效,居民消费持续恢复,11月份CPI同比上涨0.7%,为2024年3月份以来最 高。受国内部分行业供需结构优化、国际大宗商品价格传导等因素影响,PPI环比上涨0.1%,同比下降 2.2%。 国家统计局城市司首席统计师董莉分析,11月CPI同比上涨0.7%,涨幅比上月扩大0.5个百分点,同比涨 幅扩大主要是食品价格由降转涨拉动。食品价格由上月下降2.9%转为上涨0.2%,对CPI同比的影响由上 月下拉0.54个百分点转为上拉0.04个百分点。 食品中,鲜菜价格由上月同比下降7.3%转为上涨14.5%,为连续下降9个月后首次转涨,对CPI同比的上 拉影响比上月增加约0.49个百分点;鲜果价格由上月下降2.0%转为上涨0.7%;猪肉和禽肉类价格分别同 比下降15.0%和0.6%,降幅均有收窄。 PPI同比下降2.2%,降幅比上月扩大0.1个百分点,主要受上年同期对比基数走高影响。 董莉娟表示,我国各项宏观政策不断显效,价格呈现积极变化。综合整治" ...