??????????2??????????9?? ????2025??1??????????CPI(????????)?????PPI(????????????????)??????,???????

???????????????CPI??

1???????????,????????????,?????CPI?,????0.7%,???????0.1%??0.5%???CPI???,??0.5%,????0.6%,????

???????????,???????????CPI?????????????????????????0.9%,????????????0.8??????????????,???CPI?0.37??????????????,??????CPI???????????,?,?????????????????????????????????????27.8%?16.0%?11.6%????9.6%,?????CPI????0.28??;??,????????????9.3%????9.2%???1.3%,???CPI?0.24??,?CPI?????????????????,??????,?????????????????5.9%?3.3%?????2.7%???????????????????,????????????,????3.0%???????2.5%,????CPI????????0.10??????

?,???????????,????????,??????CPI????????????????????????1.1%,??????0.6????,??CPI??0.42??,????????????0.22?????????????????,????8.9%??????7.0%;????????11.0%?6.9%???????5.8%?????????0.4%,????????CPI????0.07????????????,????CPI?????0.09??????????????,?13.8%?2.4%,????????CPI????0.22????;???????????????????13.1%?5.6%?2.5%?????????1.4%,????CPI????????0.15????????0.2%,????????4.0%??????0.6%,?????CPI???0.12???;????,?????4.6%???????????????5.8%,???30.0%?

???,?????1????0.5%???????????CPI?????,????????-0.2????????????,???????????0.7????????

?????PPI?

1?,????,???????????????,??PPI????0.2%,?2.3%?

?,PPI??0.2%,???????0.1??????????????????????,?0.2%;????????????????0.1%?????????????????,???????,????2.2%??,???????????????,????,????????????0.9%,??0.6%???,????????0.4%??,??,???????4.5%,????????1.0%?????????????????,????0.7%,???????0.6%;???????????1.1%,????0.8%,????????0.5%??,???????????0.5%,??0.4%;?????????????????0.3%,????0.2%?

???????,PPI??????2.3%,????????,??????????????????2.6%,??????;????1.2%,?????????????????????0.2??????????????????,????????????????18.9%,???????????9.3%,???6.7%????,????10.7%,????????????10.1%,??????????6.2%,????4.0%,??????3.1%,??3.0%,??????????????????1.8%,????????????1.7%,??????????????1.6%,??????????1.3%,?????????????10?????PPI???????????????2.11?????????????,??

??,????1?????????2.3%????????????PPI??,???????????-2.1??????????,????-0.2???????? ????????:????? ??“??????”????

?? ????:1?????CPI???? PPI??

????:1???????:????????

2?????v

3????????

4?????VX

5?2021????

??????????2??????????9?? ????2025??1??????????CPI(????????)?????PPI(????????????????)??????,???????

???????????????CPI??

1???????????,????????????,?????CPI?,????0.7%,???????0.1%??0.5%???CPI???,??0.5%,????0.6%,????

???????????,???????????CPI?????????????????????????0.9%,????????????0.8??????????????,???CPI?0.37??????????????,??????CPI???????????,?,?????????????????????????????????????27.8%?16.0%?11.6%????9.6%,?????CPI????0.28??;??,????????????9.3%????9.2%???1.3%,???CPI?0.24??,?CPI?????????????????,??????,?????????????????5.9%?3.3%?????2.7%???????????????????,????????????,????3.0%???????2.5%,????CPI????????0.10??????

?,???????????,????????,??????CPI????????????????????????1.1%,??????0.6????,??CPI??0.42??,????????????0.22?????????????????,????8.9%??????7.0%;????????11.0%?6.9%???????5.8%?????????0.4%,????????CPI????0.07????????????,????CPI?????0.09??????????????,?13.8%?2.4%,????????CPI????0.22????;???????????????????13.1%?5.6%?2.5%?????????1.4%,????CPI????????0.15????????0.2%,????????4.0%??????0.6%,?????CPI???0.12???;????,?????4.6%???????????????5.8%,???30.0%?

???,?????1????0.5%???????????CPI?????,????????-0.2????????????,???????????0.7????????

?????PPI?

1?,????,???????????????,??PPI????0.2%,?2.3%?

?,PPI??0.2%,???????0.1??????????????????????,?0.2%;????????????????0.1%?????????????????,???????,????2.2%??,???????????????,????,????????????0.9%,??0.6%???,????????0.4%??,??,???????4.5%,????????1.0%?????????????????,????0.7%,???????0.6%;???????????1.1%,????0.8%,????????0.5%??,???????????0.5%,??0.4%;?????????????????0.3%,????0.2%?

???????,PPI??????2.3%,????????,??????????????????2.6%,??????;????1.2%,?????????????????????0.2??????????????????,????????????????18.9%,???????????9.3%,???6.7%????,????10.7%,????????????10.1%,??????????6.2%,????4.0%,??????3.1%,??3.0%,??????????????????1.8%,????????????1.7%,??????????????1.6%,??????????1.3%,?????????????10?????PPI???????????????2.11?????????????,??

??,????1?????????2.3%????????????PPI??,???????????-2.1??????????,????-0.2???????? ????????:?????