2026年1月、中国のインフレは低迷したが,中核価格は数か月以内に急上昇し,デフレの圧力が続くにもかかわらず,需要の安定を促した. China's inflation slowed in January 2026, but core prices rose fastest in months, signaling stabilizing demand despite ongoing deflationary pressures.

2026年1月23日閲覧. ^ 中国消費者価格指数は0. 0.2%上昇し,昨年の中国新年から基礎効果を受け,エネルギー価格は5.0%低下した. China’s consumer price index rose 0.2% year-on-year in January 2026, slowing from December’s 0.8% increase and below the 0.4% forecast, driven by base effects from last year’s early Chinese New Year and a 5.0% drop in energy prices. 基本価格指数は0.8%上昇し,12月の1.2%から減少し,月間0.3%の上昇を示したが,これはほぼ6カ月ぶりの最速で,基本需要の改善を示唆している. Core CPI rose 0.8%, easing from 1.2% in December but showing a 0.3% monthly gain—the fastest in nearly six months—suggesting improving underlying demand. 生産面では,PPIは毎年1.1%減少し,12月1.9%減少し,第4月の月度の価格が上昇し,AI関連部門におけるより強い需要,国家市場の統一,世界的商品価格の高騰に支えられた. On the production side, the PPI fell 1.4% annually, narrowing from December’s 1.9% decline, with monthly prices rising for the fourth consecutive month, supported by stronger demand in AI-related sectors, a unified national market, and higher global commodity prices. インフレは続くが,政府の努力の中で安定化の兆候が現れ, ターゲットを絞った財政・金融政策を通じて国内需要を刺激する. Deflation persists, but signs of stabilization emerge amid government efforts to boost domestic demand through targeted fiscal and monetary measures.