{"entry_id": "953603a0-90c1-427d-a6b0-2091727f79bb", "infos": [{"txt": "header", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 0, "bbox": [[0.083, 0.065, 0.231, 0.076]]}]}, "tags": ["header"], "label": "O", "web_segment_id": 1, "global_sentence_id": 0, "edu_l1_label": "EDU_O"}, {"txt": "header", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 0, "bbox": [[0.68, 0.061, 0.928, 0.116]]}]}, "tags": ["header"], "label": "O", "web_segment_id": 2, "global_sentence_id": 1, "edu_l1_label": "EDU_O"}, {"txt": "header", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 0, "bbox": [[0.084, 0.084, 0.301, 0.095]]}]}, "tags": ["header"], "label": "O", "web_segment_id": 3, "global_sentence_id": 2, "edu_l1_label": "EDU_O"}, {"txt": "header", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": 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"title1", "web_segment_id": 7, "global_sentence_id": 6, "edu_l1_label": "BOS"}, {"txt": "·CPI同比超预期扩大，非食品价格强于季节性。", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 300000, "bbox": [[0.088, 0.263, 0.437, 0.272]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 8, "global_sentence_id": 7, "edu_l1_label": "IOS"}, {"txt": "同比来看，2025年1月，春节效应推动服务和食品价格上涨，叠加春节错位影响，CPI同比较上月走扩0.4个百分点至0.5%，超过市场一致预期。", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 300000, "bbox": [[0.437, 0.263, 0.651, 0.273], [0.112, 0.279, 0.652, 0.288], [0.11, 0.296, 0.383, 0.306]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 8, "global_sentence_id": 8, "edu_l1_label": "IOS"}, {"txt": "其中，1月食品价格同比由下降0.5％转为上涨0.4%，非食品价格同比涨幅扩大0.3个百分点至0.5%；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 300000, "bbox": [[0.383, 0.296, 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0.473, 0.646, 0.482]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 9, "global_sentence_id": 14, "edu_l1_label": "IOS"}, {"txt": "其中，受寒潮天气以及局部雨雪天气影响，蔬菜产量有所下降，鲜菜价格同比涨幅扩大1.9个百分点至2.4%；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 400000, "bbox": [[0.11, 0.488, 0.649, 0.498], [0.11, 0.505, 0.339, 0.514]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 9, "global_sentence_id": 15, "edu_l1_label": "IOS"}, {"txt": "由于春节需求旺季临近，且今年春节时点靠前，猪肉价格同比上涨13.8%，涨幅扩大1.3个百分点；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 400000, "bbox": [[0.339, 0.505, 0.649, 0.515], [0.11, 0.522, 0.502, 0.531]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 9, "global_sentence_id": 16, "edu_l1_label": "IOS"}, {"txt": "春节备货需求增多，鲜果价格同比由下降3％转为上涨0.6％。", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], 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"1月份节假日旺季虽对猪价有所提振，但猪价总体价格涨幅不大，主要因供给充裕叠加需求表现一般，1月猪价在月初短暂上涨后震荡下行，月底受春节影响再度抬升。", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 400000, "bbox": [[0.515, 0.588, 0.648, 0.598], [0.111, 0.604, 0.649, 0.614], [0.111, 0.625, 0.614, 0.631]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 9, "global_sentence_id": 20, "edu_l1_label": "IOS"}, {"txt": "截至2025年2月8日，高频数据显示2月初28种重点监测蔬菜、鸡蛋平均批发价同比由上涨转为下降，猪肉平均批发价同比涨幅收敛，7种重点监测水果平均批发价同比涨幅扩大；", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": [1650, 1275], "position_id": 400000, "bbox": [[0.614, 0.625, 0.649, 0.631], [0.108, 0.639, 0.651, 0.649], [0.11, 0.655, 0.65, 0.665], [0.111, 0.672, 0.261, 0.681]]}]}, "tags": ["text"], "label": "content", "web_segment_id": 9, "global_sentence_id": 21, "edu_l1_label": "IOS"}, {"txt": "28种重点监测蔬菜、7种重点监测水果平均批发价环比涨幅扩大，猪肉平均批发价环比由下降转为上涨。", "language": "chinese", "position": {"pdf_position": [{"page_number": 0, "shape": 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# 春节错月叠加油价走高，CPI超预期上行-2025年1月通胀数据点评
## 点评
### ·CPI同比超预期扩大，非食品价格强于季节性。
### ·春节错位叠加气温下降，菜猪价格同比均走扩。
### ·服务价格同比涨幅扩大，汽油价格同比降幅收敛。
### ·PPI同比保持平稳，生产、生活资料价格走势分化。
### ·基数影响下2月CPI同比或边际回落，PPI同比降幅或收敛。
### ·风险提示：政策落地节奏不及预期，国际大宗商品价格波动超预期。
