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国家统计局:12月PPI同比下降1.9% 降幅比上月收窄0.3个百分点
智通财经网· 2026-01-09 01:50
智通财经APP获悉,国家统计局发布的数据显示,2025年12月份,全国工业生产者出厂价格同比下降1.9%,降幅比上月收窄0.3个百分点;环比上涨0.2%, 涨幅比上月扩大0.1个百分点。工业生产者购进价格同比下降2.1%,降幅比上月收窄0.4个百分点;环比上涨0.4%,涨幅比上月扩大0.3个百分点。2025年全 年,工业生产者出厂价格下降2.6%,工业生产者购进价格下降3.0%。 12月份,工业生产者出厂价格中,生产资料价格上涨0.3%,影响工业生产者出厂价格总水平上涨约0.24个百分点。其中,采掘工业价格上涨0.8%,原材料工 业价格上涨0.6%,加工工业价格上涨0.2%。生活资料价格持平。其中,食品价格下降0.1%,衣着价格上涨0.2%,一般日用品价格上涨0.5%,耐用消费品价 格下降0.2%。 工业生产者购进价格中,有色金属材料及电线类价格上涨2.5%,燃料动力类价格上涨1.5%,建筑材料及非金属类价格上涨0.1%;黑色金属材料类价格下降 0.4%,化工原料类价格下降0.2%,农副产品类、纺织原料类价格均下降0.1%。 2025年12月工业生产者价格主要数据 工业生产者购进价格中,建筑材料及非金属类价格 ...
PPI详细拆解:“三黑一色”主导PPI走势
Xinda Securities· 2025-10-22 14:02
Group 1: PPI Overview - The Producer Price Index (PPI) is primarily influenced by production materials, which account for approximately 75% of its weight, compared to 25% for living materials[6][22] - The internal structure of production materials shows that the price changes in extraction, raw materials, and processing industries generally align, with extraction industries exhibiting the highest volatility[8][9] - Living materials display a more diversified price trend across four categories, with food prices often moving contrary to upstream prices[9][10] Group 2: Industry Impact on PPI - The "Three Black and One Color" industries (black metals, petrochemicals, coal, and non-ferrous metals) significantly dominate PPI trends[17][22] - The highest industry weightings affecting PPI include computer, communication, and other electronic equipment manufacturing at 10.84%, followed by automotive manufacturing at 7.43%[16][20] - The correlation between crude oil prices and PPI is strong, with a coefficient of 0.86 since 2014, indicating that oil prices are a core factor influencing PPI trends[18][21] Group 3: Risk Factors - Key risk factors include geopolitical risks and unexpected increases in international oil prices, which could further impact PPI trends[25]