On February 9, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics (NBS), interpreted the January 2025 CPI and PPI data.
In January, affected by the Chinese New Year factor, the national CPI rose by 0.7% from the previous month's flat, and the year-on-year rate of increase expanded to 0.5% from the previous month's 0.1%.Deducting food andrenewable energyThe core CPI for prices picked up for the fourth consecutive month, rising 0.51 TP3T month-over-month and 0.61 TP3T year-over-year, both of which were wider than the previous month.
In January, affected by the spring holidays and other factors, industrial production is in the off-season, the national PPI fell 0.2%, down 2.3%. from the ring, the PPI fell 0.2%, the rate of decline than the previous month to expand by 0.1 percentage points. Among them, in the equipment manufacturing industry, computer machine manufacturing prices fell 0.7%, lithium-ion battery manufacturing prices fell 0.6%; aircraft manufacturing prices rose 1.1%, gasoline and diesel vehicle manufacturing prices rose 0.8%.Photovoltaic equipment and component manufacturing prices rose 0.51 TP3T.
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