2025年全年CPI与上年持平，意味着消费者物价指数（Consumer Price Index）在2025年整体保持稳定，未出现明显通胀或通缩。这一数据反映出我国宏观经济运行总体平稳，供需关系基本平衡，货币政策和财政政策有效协同，为物价稳定提供了有力支撑。在国际大宗商品价格波动、地缘政治风险上升等外部不确定性因素增多的背景下，国内物价保持稳定，体现了我国经济韧性和调控能力的增强。此外，食品、能源等关键民生商品供应充足，供应链体系高效运转，也对抑制价格波动起到积极作用。CPI持平有助于稳定居民消费预期，增强市场信心，为推动高质量发展营造良好的宏观环境。未来，仍需密切关注输入性通胀压力及结构性价格变化，继续完善价格调控机制，确保物价长期平稳运行。
The fact that the Consumer Price Index (CPI) in 2025 remained unchanged compared to the previous year indicates overall price stability, with neither significant inflation nor deflation. This reflects a generally stable macroeconomic environment in China, where supply and demand are well balanced, and monetary and fiscal policies have been effectively coordinated to support price stability. Despite heightened external uncertainties—such as volatile global commodity prices and escalating geopolitical risks—domestic prices have remained steady, showcasing the resilience and improved policy responsiveness of China’s economy. Adequate supplies of essential goods like food and energy, along with an efficient and robust supply chain, have also played a crucial role in curbing price fluctuations. Stable CPI readings help anchor consumer expectations, bolster market confidence, and create a favorable macroeconomic backdrop for high-quality development. Going forward, authorities should remain vigilant about imported inflationary pressures and structural price shifts, while continuing to refine price regulation mechanisms to ensure long-term price stability.
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