CCTV News: Data released by the National Bureau of Statistics on January 9 showed that in December 2024, my country's consumer market was generally stable, with consumer prices remaining flat on the month-on-month and slightly up year-on-year; in 2024, my country's consumer prices rose moderately.

In the whole year of 2024, the national consumer price CPI rose by 0.2% year-on-year, the same as the previous year. By structure, service consumption has continued to recover overall, prices have risen slightly, and the prices of industrial consumer goods remain the same as last year.

Judging from the single-month data in December 2024, my country's consumer market operation is generally stable, and the national CPI remained unchanged month-on-month. Among them, food prices fell by 0.6%, a narrower decline compared with the previous month; non-food prices rose by 0.1% compared with the previous month, turning from a decline to a rise. Among food prices, due to the good weather conditions, it is conducive to the production, storage and transportation of agricultural products, and the prices of fresh vegetables and fresh fruits have dropped respectively. Among non-foods, as the New Year's Day holiday approaches, demand for travel, entertainment and family services has increased, air ticket prices have turned from a decline last month to an increase, and domestic services, movies and performance tickets have also risen.

In December 2024, CPI rose by 0.1% year-on-year. Judging from the eight major categories of prices that constitute CPI, except for the decline in daily necessities and services prices and transportation and communication prices, the prices of other six major categories of prices such as clothing, education, culture and entertainment, and health care have all maintained an increase or remained unchanged; the core CPI, excluding food and energy prices, continued to rebound, up 0.4% year-on-year, an increase of 0.1 percentage point from the previous month.

He Xiaoying, deputy director of the Analysis and Forecasting Department of the Price Monitoring Center of the National Development and Reform Commission, said that looking forward to 2025, my country will implement more proactive fiscal policies and moderately loose monetary policies, which is to vigorously boost consumption and expand domestic demand in all aspects. The overall price level is expected to continue to return to a reasonable range.

In 2024, the decline in industrial producer ex-factory prices narrowed compared with the previous year

The National Bureau of Statistics also released the industrial producer ex-factory price index, which is PPI. Data shows that in December 2024, affected by factors such as the entry of some industries into the traditional off-season of production and the transmission of international commodity prices, the national industrial producer price index decreased slightly month-on-month, and the year-on-year decline narrowed compared with the previous month. According to statistics, the decline in PPI narrowed over the previous year in 2024.