2月通胀数据点评：春节错月影响延续，供需格局尚待优化
太平洋·2025-03-11 00:55
宏观 证券研究报告 |点评报告 2025/3/10 1、高基数带动CPI同比转负 2、PPI降幅略有收窄，内部结构持续分化 ➢ 中国2月CPI同比-0.7%，预期-0.5%，前值0.5%。 ➢ 中国2月PPI同比-2.2%，预期-2.1%，前值-2.3%。 图表1：通胀数据主要分项 | （%） | 2025-02 | 2025-01 | 2024-12 | 2024-11 | 2024-10 | 2024-09 | 2024-08 | 2024-07 | 2024-06 | 2024-05 | 2024-04 | 2024-03 | 2024-02 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | -- ...