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Back国家统计局:10月份CPI同比继续上涨 PPI环比涨幅回落
国家统计局:10月份CPI同比继续上涨 PPI环比涨幅回落
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中国新闻网19 minutes agoBusiness4 min readChinaView translation

国家统计局:10月份CPI同比继续上涨 PPI环比涨幅回落

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2026年10月,CPI环比持平、同比上涨0.7%,核心CPI同比上涨0.8%;PPI环比上涨0.7%、同比上涨5.7%,涨幅比上月扩大0.7个百分点。

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Why It Matters

国家统计局于2026年11月9日发布10月份CPI和PPI数据,由城市司首席统计师董莉娟进行解读。

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中新网11月9日电 据国家统计局网站消息,11月9日,国家统计局城市司首席统计师董莉娟解读2026年10月份CPI和PPI数据。10月份,居民消费价格指数(CPI)环比持平;同比上涨0.7%,涨幅比上月回落0.2个百分点;扣除食品和能源价格的核心CPI同比上涨0.8%,涨幅比上月回落0.2个百分点。工业生产者出厂价格指数(PPI)环比上涨0.7%,涨幅比上月回落0.5个百分点;同比上涨5.7%,涨幅比上月扩大0.7个百分点。

一、CPI同比继续上涨

从环比看,全国CPI由上月上涨0.2%转为持平。其中,工业消费品价格上涨0.3%,涨幅比上月回落0.4个百分点,影响CPI环比上涨约0.10个百分点。工业消费品中,受国际市场价格变动影响,国内汽油价格上涨4.2%,涨幅比上月回落0.7个百分点,影响CPI环比上涨约0.14个百分点;黄金饰品价格下降5.9%,降幅比上月扩大3.8个百分点,影响CPI环比下降约0.03个百分点。服务价格由上月下降0.2%转为上涨0.1%,影响CPI环比上涨约0.04个百分点。服务中,国庆假期出行人数增加,宾馆住宿、飞机票和旅行社收费分别上涨6.5%、3.3%和2.4%,合计影响CPI环比上涨约0.04个百分点。食品价格由上月上涨0.4%转为下降1.0%,影响CPI环比下降约0.17个百分点。食品中,气候条件适宜,鸡蛋、鲜菜和鲜果价格分别下降6.3%、5.8%和0.6%,合计影响CPI环比下降约0.13个百分点;市场供应充足,水产品和猪肉价格分别下降1.3%和1.0%,合计影响CPI环比下降约0.04个百分点;牛肉和羊肉价格分别上涨1.6%和0.8%,涨幅均有回落。

从同比看,全国CPI上涨0.7%,涨幅比上月回落0.2个百分点。其中,汽油价格上涨22.4%,涨幅比上月扩大5.8个百分点,影响CPI同比上涨约0.63个百分点,带动能源价格涨幅由上月的7.3%扩大至本月的9.9%。扣除能源的工业消费品价格上涨1.2%,涨幅比上月回落0.4个百分点,影响CPI同比上涨约0.30个百分点。其中,数据存储设备、平板电脑、计算机和移动电话机价格分别上涨45.4%、29.3%、23.0%和16.7%,四项合计影响CPI同比上涨约0.26个百分点;黄金饰品价格上涨4.5%,涨幅比上月回落18.0个百分点,影响CPI同比上涨约0.02个百分点。服务价格上涨0.7%,涨幅比上月回落0.1个百分点,影响CPI同比上涨约0.34个百分点。服务中,医疗服务价格上涨3.6%,涨幅比上月回落0.4个百分点;出行服务价格上涨1.5%,涨幅比上月回落0.6个百分点。食品价格下降2.9%,降幅比上月扩大1.2个百分点,影响CPI同比下降约0.49个百分点。食品中,鲜菜、猪肉和鲜果价格分别下降16.9%、8.6%和3.8%,合计影响CPI同比下降约0.54个百分点;粮食、食用油和奶类价格降幅在0.5%—1.2%之间,合计影响CPI同比下降约0.03个百分点;鸡蛋价格上涨12.3%,涨幅比上月回落5.1个百分点,影响CPI同比上涨约0.05个百分点;牛肉和羊肉价格分别上涨8.7%和5.8%,合计影响CPI同比上涨约0.09个百分点。

二、PPI环比涨幅回落

从环比看,全国PPI上涨0.7%,涨幅比上月回落0.5个百分点。本月PPI环比运行的主要特点:一是输入性和季节性因素影响主要能源相关行业价格上涨。国际能源价格上行带动国内石油和天然气开采业、煤炭开采和洗选业价格分别上涨6.0%和2.7%;受上游基础能源价格传导和迎峰度冬关键准备期电煤及燃气需求释放等因素影响,下游精炼石油产品制造、有机化学原料制造、煤炭加工、燃气生产和供应业价格分别上涨6.8%、6.8%、3.2%和1.5%,6个行业合计影响PPI环比上涨约0.61个百分点,超过总涨幅的八成。二是产能治理有序推进、人工智能快速发展带动部分原材料及装备制造行业价格上行。部分行业产能有序调整,供求关系有所改善,非金属矿物制品业价格上涨0.8%,汽车制造业价格在连续下降3个月后转为持平;人工智能持续赋能产业转型带动相关行业需求增加、价格上涨,电气机械和器材制造业、计算机通信和其他电子设备制造业价格均上涨0.1%。三是消费品市场供给充足、需求平稳,价格总体稳定。消费品制造相关行业价格总体保持稳定,其中纺织业、农副食品加工业价格分别上涨0.2%和0.1%;造纸和纸制品业、酒饮料和精制茶制造业价格分别下降0.4%和0.1%;家具制造业、烟草制品业价格均持平。

从同比看,全国PPI上涨5.7%,涨幅比上月扩大0.7个百分点。分主要行业看,价格上涨的行业中,煤炭开采和洗选业上涨36.6%,石油和天然气开采业、石油煤炭及其他燃料加工业、化学原料和化学制品制造业分别上涨35.0%、29.9%和16.4%,燃气生产和供应业上涨7.9%,计算机通信和其他电子设备制造业上涨5.9%,涨幅比上月均扩大;有色金属矿采选业、有色金属冶炼和压延加工业分别上涨16.3%和18.6%,涨幅比上月均回落;电气机械和器材制造业上涨6.2%,涨幅与上月相同,上述9个行业合计影响PPI同比上涨约6.14个百分点,上拉影响比上月增加0.64个百分点。价格下拉影响最大的5个行业为:酒饮料和精制茶制造业、医药制造业、非金属矿物制品业、汽车制造业、电力热力生产和供应业,降幅在1.6%—5.2%之间,比上月均有收窄,合计影响PPI同比下降约0.60个百分点,下拉影响比上月减少0.06个百分点。

Open Questions

  • 11月份及后续月份的物价走势如何
  • PPI上涨压力是否会传导至CPI
  • 具体政策调整措施是什么

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