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老虎我最凶

2025-09-10

Win win win

National Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed

老虎我最凶

2025-09-10

Win win win

National Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed

老虎我最凶

2025-02-01

double win！

Ultraman's "confession": He stood on the wrong side on open source AI! DeepSeek makes OpenAI no longer advantageous

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Among them, cities decreased by 0.3% and rural areas decreased by 0.6%; Food prices fell by 4.3%, while non-food prices rose by 0.5%; The price of consumer goods decreased by 1.0%, while the price of services increased by 0.6%. On average from January to August, the national consumer price decreased by 0.1% compared with the same period of last year.</p><p><p style=\"text-align: justify;\">In August, the national consumer price was flat month-on-month. Among them, cities were flat and rural areas rose by 0.1%; Food prices rose by 0.5%, while non-food prices fell by 0.1%; Consumer goods prices rose 0.1%, while service prices were flat.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f34e14f2fd4155d4c66f07a181e6a90\" alt=\"\" title=\"\" tg-width=\"2198\" tg-height=\"1261\"/></p><p><p style=\"text-align: justify;\">In August 2025, the national industrial producer price fell by 2.9% year-on-year, the decline narrowed by 0.7 percentage points from the previous month, and the month-on-month decrease turned flat from a 0.2% decrease. The purchase price of industrial producers decreased by 4.0% year-on-year and remained flat month-on-month. On average from January to August, the ex-factory price of industrial producers decreased by 2.9% compared with the same period of last year, and the purchase price of industrial producers decreased by 3.3%.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3b00b5475e01e2e68ecd0fb871b5cb1\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6088b340978e2f21552c02431004b33c\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><h2 id=\"id_3575244132\" style=\"text-align: left;\">Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the CPI and PPI data for August 2025</h2>In August, the consumer market was generally stable. The consumer price index (CPI) was flat month-on-month, down 0.4% year-on-year. The core CPI excluding food and energy prices rose by 0.9% year-on-year, and the increase expanded for the fourth consecutive month. The competition order in the domestic market continues to be optimized, the supply and demand relationship in some industries has improved, and the industrial producer price index (PPI) has changed from a month-on-month decrease of 0.2% in the previous month to flat; It decreased by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month.</p><p><p style=\"text-align: justify;\"><strong>1. Core CPI continues to rise</strong></p><p><p style=\"text-align: justify;\"><strong>The CPI turned from flat to falling year-on-year, mainly due to the higher comparison base in the same period last year and the increase in food prices this month being lower than the seasonal level.</strong>From the perspective of hikes, the hikes impact of last year's price changes on this month's CPI was about-0.9 percentage points year-on-year, and the pull-down impact expanded by 0.4 percentage points from the previous month; Judging from the new price increase, this month's CPI was flat month-on-month, about 0.3 percentage points lower than the seasonal level. The two together led to a year-on-year decline in CPI.<strong>In terms of categories, food prices are mainly low.</strong>This month, food prices rose by 0.5% month-on-month, which was about 1.1 percentage points lower than the seasonal level. Among them, the price changes of pork, eggs and fresh fruits were all weaker than the seasonal level. Food prices fell by 4.3% year-on-year, an increase of 2.7 percentage points from the previous month. The year-on-year downward impact on CPI increased by about 0.51 percentage points from the previous month, which was higher than the year-on-year decline in CPI. Among them, the prices of pork, fresh vegetables and eggs decreased by 16.1%, 15.2% and 14.2% respectively year-on-year, and the decline was 6.6, 7.6 and 1.3 percentage points higher than that of the previous month, respectively. The price of fresh fruits changed from a 2.8% increase in the previous month to a decrease of 3.7% year-on-year. The downward impact of the above four items on CPI increased by about 0.47 percentage points compared with the previous month. Non-food prices rose by 0.5%, and the increase expanded for the third consecutive month, affecting the CPI to rise by about 0.43 percentage points year-on-year.</p><p><p style=\"text-align: justify;\"><strong>As the policy of expanding domestic demand and promoting consumption continues to take effect, the year-on-year increase of core CPI has expanded for the fourth consecutive month.</strong>This month, the core CPI excluding food and energy prices rose by 0.9% year-on-year, an increase of 0.1 percentage points from the previous month. Among them, the price of industrial consumer goods excluding energy rose by 1.5% year-on-year, an increase of 0.3 percentage points from the previous month. Among industrial consumer goods, the prices of gold jewelry and platinum jewelry increased by 36.7% and 29.8% year-on-year respectively, which together affected the CPI to increase by about 0.22 percentage points year-on-year; The year-on-year price increases of household appliances and entertainment durable consumer goods expanded to 4.6% and 2.4% respectively, which together affected the CPI to increase by about 0.09 percentage points year-on-year; The year-on-year decline in fuel car prices continued to narrow to 2.3%. The year-on-year increase in service prices has gradually expanded since March, rising by 0.6% this month, an increase of 0.1 percentage points over the previous month, affecting the CPI to increase by about 0.23 percentage points year-on-year. Among them, the prices of housekeeping services and hairdressing increased by 2.3% and 1.0% respectively year-on-year, and the increase was relatively stable; The prices of medical services and educational services increased by 1.6% and 1.2% year-on-year respectively, while the rental fees of transportation and tourism prices increased by 0.8% and 0.7% year-on-year respectively, and the increases both expanded.</p><p><p style=\"text-align: justify;\"><strong>2. The year-on-year decline in PPI narrowed</strong></p><p><p style=\"text-align: justify;\">PPI ended its eight consecutive months of downward trend month-on-month, turning flat from a 0.2% decline last month. The main features of the month-on-month changes in PPI this month:<strong>First, the improvement in the relationship between supply and demand has affected the prices of some energy and raw material industries from falling to rising month-on-month.</strong>The price of coal processing changed from a decrease of 4.7% last month to an increase of 9.7%, the price of coal mining and washing industry changed from a decrease of 1.5% to an increase of 2.8%, the price of ferrous metal smelting and rolling processing industry changed from a decrease of 0.3% to an increase of 1.9%, the price of glass manufacturing changed from a decrease of 1.5% to an increase of 0.1%, and the price of electric power and heat production and supply industry changed from a decrease of 0.9% to an increase of 0.1%.<strong>Second, imported factors affected the prices of domestic oil and some non-ferrous metal industries to fall month-on-month.</strong>International non-ferrous metal prices fluctuated at high levels. Domestic non-ferrous metal smelting and rolling processing industry prices rose by 0.2%, 0.6 percentage points lower than last month. Among them, gold smelting and aluminum smelting prices both rose by 0.2%, and copper smelting prices fell by 1.1%. The decline in international oil prices drove domestic oil exploitation and refined petroleum product manufacturing prices to drop by 1.4% and 0.6% respectively.</p><p><p style=\"text-align: justify;\">PPI fell by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month, the first narrowing since March this year. In addition to being affected by the lower comparison base in the same period last year, my country has stepped up the implementation of more active and promising macro policies, and prices in some industries have shown positive changes.<strong>First, the continuous optimization of the competition order in the domestic market has driven the year-on-year price decline in related industries to narrow.</strong>The construction of a unified national market has been advanced in depth, disorderly competition among enterprises has been governed, production capacity management in key industries has been carried out in an orderly manner, and the year-on-year price decline in related industries has narrowed. The year-on-year price declines in coal processing, ferrous metal smelting and rolling processing industry, coal mining and washing industry, photovoltaic equipment and component manufacturing, and new energy vehicle manufacturing narrowed by 10.3, 6.0, 3.2, and 2.8 respectively compared with the previous month. and 0.6 percentage points, the year-on-year pull-down impact on PPI decreased by about 0.50 percentage points compared with the previous month, which was the main reason for the narrowing of the year-on-year decline in PPI.<strong>Second, the steady growth of new development momentum has driven the prices of related industries to rebound year-on-year.</strong>Emerging industries have grown vigorously, technological innovation and industrial innovation have been deeply integrated, green development has improved quality and efficiency, and prices in related industries have rebounded year-on-year. The price of integrated circuit packaging and testing series increased by 1.1%, the manufacturing price of ships and related devices increased by 0.9%, the manufacturing price of communication system equipment increased by 0.3%, and the price of solid waste treatment equipment increased by 0.3%; The prices of electronic materials manufacturing and intelligent unmanned aerial vehicles manufacturing fell by 1.6% and 0.5% respectively from the previous month to the same level; The price decline of comprehensive utilization of waste resources narrowed by 5.4 percentage points.<strong>Third, the increase in consumer demand for upgrades has driven prices in some industries to rise year-on-year.</strong>The manufacturing price of arts and crafts and ceremonial articles increased by 13.0%, the manufacturing price of sports balls increased by 4.7%, the manufacturing price of Chinese musical instruments increased by 1.6%, the manufacturing price of nutritious food increased by 0.9%, the manufacturing price of special sports equipment and accessories increased by 0.4% and the manufacturing price of health food increased by 0.3%.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>National Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNational Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2025-09-10 09:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><p style=\"text-align: justify;\">In August 2025, the national consumer price fell by 0.4% year-on-year. Among them, cities decreased by 0.3% and rural areas decreased by 0.6%; Food prices fell by 4.3%, while non-food prices rose by 0.5%; The price of consumer goods decreased by 1.0%, while the price of services increased by 0.6%. On average from January to August, the national consumer price decreased by 0.1% compared with the same period of last year.</p><p><p style=\"text-align: justify;\">In August, the national consumer price was flat month-on-month. Among them, cities were flat and rural areas rose by 0.1%; Food prices rose by 0.5%, while non-food prices fell by 0.1%; Consumer goods prices rose 0.1%, while service prices were flat.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f34e14f2fd4155d4c66f07a181e6a90\" alt=\"\" title=\"\" tg-width=\"2198\" tg-height=\"1261\"/></p><p><p style=\"text-align: justify;\">In August 2025, the national industrial producer price fell by 2.9% year-on-year, the decline narrowed by 0.7 percentage points from the previous month, and the month-on-month decrease turned flat from a 0.2% decrease. The purchase price of industrial producers decreased by 4.0% year-on-year and remained flat month-on-month. On average from January to August, the ex-factory price of industrial producers decreased by 2.9% compared with the same period of last year, and the purchase price of industrial producers decreased by 3.3%.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3b00b5475e01e2e68ecd0fb871b5cb1\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6088b340978e2f21552c02431004b33c\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><h2 id=\"id_3575244132\" style=\"text-align: left;\">Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the CPI and PPI data for August 2025</h2>In August, the consumer market was generally stable. The consumer price index (CPI) was flat month-on-month, down 0.4% year-on-year. The core CPI excluding food and energy prices rose by 0.9% year-on-year, and the increase expanded for the fourth consecutive month. The competition order in the domestic market continues to be optimized, the supply and demand relationship in some industries has improved, and the industrial producer price index (PPI) has changed from a month-on-month decrease of 0.2% in the previous month to flat; It decreased by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month.</p><p><p style=\"text-align: justify;\"><strong>1. Core CPI continues to rise</strong></p><p><p style=\"text-align: justify;\"><strong>The CPI turned from flat to falling year-on-year, mainly due to the higher comparison base in the same period last year and the increase in food prices this month being lower than the seasonal level.</strong>From the perspective of hikes, the hikes impact of last year's price changes on this month's CPI was about-0.9 percentage points year-on-year, and the pull-down impact expanded by 0.4 percentage points from the previous month; Judging from the new price increase, this month's CPI was flat month-on-month, about 0.3 percentage points lower than the seasonal level. The two together led to a year-on-year decline in CPI.<strong>In terms of categories, food prices are mainly low.</strong>This month, food prices rose by 0.5% month-on-month, which was about 1.1 percentage points lower than the seasonal level. Among them, the price changes of pork, eggs and fresh fruits were all weaker than the seasonal level. Food prices fell by 4.3% year-on-year, an increase of 2.7 percentage points from the previous month. The year-on-year downward impact on CPI increased by about 0.51 percentage points from the previous month, which was higher than the year-on-year decline in CPI. Among them, the prices of pork, fresh vegetables and eggs decreased by 16.1%, 15.2% and 14.2% respectively year-on-year, and the decline was 6.6, 7.6 and 1.3 percentage points higher than that of the previous month, respectively. The price of fresh fruits changed from a 2.8% increase in the previous month to a decrease of 3.7% year-on-year. The downward impact of the above four items on CPI increased by about 0.47 percentage points compared with the previous month. Non-food prices rose by 0.5%, and the increase expanded for the third consecutive month, affecting the CPI to rise by about 0.43 percentage points year-on-year.</p><p><p style=\"text-align: justify;\"><strong>As the policy of expanding domestic demand and promoting consumption continues to take effect, the year-on-year increase of core CPI has expanded for the fourth consecutive month.</strong>This month, the core CPI excluding food and energy prices rose by 0.9% year-on-year, an increase of 0.1 percentage points from the previous month. Among them, the price of industrial consumer goods excluding energy rose by 1.5% year-on-year, an increase of 0.3 percentage points from the previous month. Among industrial consumer goods, the prices of gold jewelry and platinum jewelry increased by 36.7% and 29.8% year-on-year respectively, which together affected the CPI to increase by about 0.22 percentage points year-on-year; The year-on-year price increases of household appliances and entertainment durable consumer goods expanded to 4.6% and 2.4% respectively, which together affected the CPI to increase by about 0.09 percentage points year-on-year; The year-on-year decline in fuel car prices continued to narrow to 2.3%. The year-on-year increase in service prices has gradually expanded since March, rising by 0.6% this month, an increase of 0.1 percentage points over the previous month, affecting the CPI to increase by about 0.23 percentage points year-on-year. Among them, the prices of housekeeping services and hairdressing increased by 2.3% and 1.0% respectively year-on-year, and the increase was relatively stable; The prices of medical services and educational services increased by 1.6% and 1.2% year-on-year respectively, while the rental fees of transportation and tourism prices increased by 0.8% and 0.7% year-on-year respectively, and the increases both expanded.</p><p><p style=\"text-align: justify;\"><strong>2. The year-on-year decline in PPI narrowed</strong></p><p><p style=\"text-align: justify;\">PPI ended its eight consecutive months of downward trend month-on-month, turning flat from a 0.2% decline last month. The main features of the month-on-month changes in PPI this month:<strong>First, the improvement in the relationship between supply and demand has affected the prices of some energy and raw material industries from falling to rising month-on-month.</strong>The price of coal processing changed from a decrease of 4.7% last month to an increase of 9.7%, the price of coal mining and washing industry changed from a decrease of 1.5% to an increase of 2.8%, the price of ferrous metal smelting and rolling processing industry changed from a decrease of 0.3% to an increase of 1.9%, the price of glass manufacturing changed from a decrease of 1.5% to an increase of 0.1%, and the price of electric power and heat production and supply industry changed from a decrease of 0.9% to an increase of 0.1%.<strong>Second, imported factors affected the prices of domestic oil and some non-ferrous metal industries to fall month-on-month.</strong>International non-ferrous metal prices fluctuated at high levels. Domestic non-ferrous metal smelting and rolling processing industry prices rose by 0.2%, 0.6 percentage points lower than last month. Among them, gold smelting and aluminum smelting prices both rose by 0.2%, and copper smelting prices fell by 1.1%. The decline in international oil prices drove domestic oil exploitation and refined petroleum product manufacturing prices to drop by 1.4% and 0.6% respectively.</p><p><p style=\"text-align: justify;\">PPI fell by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month, the first narrowing since March this year. In addition to being affected by the lower comparison base in the same period last year, my country has stepped up the implementation of more active and promising macro policies, and prices in some industries have shown positive changes.<strong>First, the continuous optimization of the competition order in the domestic market has driven the year-on-year price decline in related industries to narrow.</strong>The construction of a unified national market has been advanced in depth, disorderly competition among enterprises has been governed, production capacity management in key industries has been carried out in an orderly manner, and the year-on-year price decline in related industries has narrowed. The year-on-year price declines in coal processing, ferrous metal smelting and rolling processing industry, coal mining and washing industry, photovoltaic equipment and component manufacturing, and new energy vehicle manufacturing narrowed by 10.3, 6.0, 3.2, and 2.8 respectively compared with the previous month. and 0.6 percentage points, the year-on-year pull-down impact on PPI decreased by about 0.50 percentage points compared with the previous month, which was the main reason for the narrowing of the year-on-year decline in PPI.<strong>Second, the steady growth of new development momentum has driven the prices of related industries to rebound year-on-year.</strong>Emerging industries have grown vigorously, technological innovation and industrial innovation have been deeply integrated, green development has improved quality and efficiency, and prices in related industries have rebounded year-on-year. The price of integrated circuit packaging and testing series increased by 1.1%, the manufacturing price of ships and related devices increased by 0.9%, the manufacturing price of communication system equipment increased by 0.3%, and the price of solid waste treatment equipment increased by 0.3%; The prices of electronic materials manufacturing and intelligent unmanned aerial vehicles manufacturing fell by 1.6% and 0.5% respectively from the previous month to the same level; The price decline of comprehensive utilization of waste resources narrowed by 5.4 percentage points.<strong>Third, the increase in consumer demand for upgrades has driven prices in some industries to rise year-on-year.</strong>The manufacturing price of arts and crafts and ceremonial articles increased by 13.0%, the manufacturing price of sports balls increased by 4.7%, the manufacturing price of Chinese musical instruments increased by 1.6%, the manufacturing price of nutritious food increased by 0.9%, the manufacturing price of special sports equipment and accessories increased by 0.4% and the manufacturing price of health food increased by 0.3%.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a8642475395bb363eacb86148917e7b","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141889500","content_text":"2025年8月份，全国居民消费价格同比下降0.4%。其中，城市下降0.3%，农村下降0.6%；食品价格下降4.3%，非食品价格上涨0.5%；消费品价格下降1.0%，服务价格上涨0.6%。1—8月平均，全国居民消费价格比上年同期下降0.1%。 8月份，全国居民消费价格环比持平。其中，城市持平，农村上涨0.1%；食品价格上涨0.5%，非食品价格下降0.1%；消费品价格上涨0.1%，服务价格持平。2025年8月份，全国工业生产者出厂价格同比下降2.9%，降幅比上月收窄0.7个百分点，环比由下降0.2%转为持平。工业生产者购进价格同比下降4.0%，环比持平。1—8月平均，工业生产者出厂价格比上年同期下降2.9%，工业生产者购进价格下降3.3%。国家统计局城市司首席统计师董莉娟解读2025年8月份CPI和PPI数据8月份，消费市场运行总体平稳，居民消费价格指数（CPI）环比持平，同比下降0.4%，扣除食品和能源价格的核心CPI同比上涨0.9%，涨幅连续第4个月扩大。国内市场竞争秩序持续优化，部分行业供需关系改善，工业生产者出厂价格指数（PPI）环比由上月下降0.2%转为持平；同比下降2.9%，降幅比上月收窄0.7个百分点。一、核心CPI继续回升CPI同比由平转降，主要是上年同期对比基数走高叠加本月食品价格涨幅低于季节性水平所致。从翘尾看，上年价格变动对本月CPI同比的翘尾影响约为-0.9个百分点，下拉影响比上月扩大0.4个百分点；从新涨价看，本月CPI环比持平，低于季节性水平约0.3个百分点。二者共同导致CPI同比走低。分类别看，主要是食品价格较低。本月食品价格环比上涨0.5%，涨幅低于季节性水平约1.1个百分点，其中猪肉、鸡蛋、鲜果价格变动均弱于季节性。食品价格同比下降4.3%，降幅比上月扩大2.7个百分点，对CPI同比的下拉影响比上月增加约0.51个百分点，高于CPI同比降幅。其中，猪肉、鲜菜和鸡蛋价格同比分别下降16.1%、15.2%和14.2%，降幅比上月分别扩大6.6个、7.6个和1.3个百分点，鲜果价格同比由上月上涨2.8%转为下降3.7%，上述四项对CPI同比的下拉影响比上月增加约0.47个百分点。非食品价格上涨0.5%，涨幅连续第3个月扩大，影响CPI同比上涨约0.43个百分点。随着扩内需促消费政策持续显效，核心CPI同比涨幅连续第4个月扩大。本月扣除食品和能源价格的核心CPI同比上涨0.9%，涨幅比上月扩大0.1个百分点。其中，扣除能源的工业消费品价格同比上涨1.5%，涨幅比上月扩大0.3个百分点。工业消费品中，金饰品和铂金饰品价格同比分别上涨36.7%和29.8%，合计影响CPI同比上涨约0.22个百分点；家用器具和文娱耐用消费品价格同比涨幅分别扩大至4.6%和2.4%，合计影响CPI同比上涨约0.09个百分点；燃油小汽车价格同比降幅继续收窄至2.3%。服务价格同比涨幅自3月份起逐步扩大，本月上涨0.6%，涨幅比上月扩大0.1个百分点，影响CPI同比上涨约0.23个百分点。其中，家政服务和美发价格同比分别上涨2.3%和1.0%，涨幅较为稳定；医疗服务和教育服务价格同比分别上涨1.6%和1.2%，交通工具租赁费和旅游价格同比分别上涨0.8%和0.7%，涨幅均有扩大。二、PPI同比降幅收窄PPI环比结束连续8个月下行态势，由上月下降0.2%转为持平。本月PPI环比变动的主要特点：一是供需关系改善影响部分能源和原材料行业价格环比由降转涨。煤炭加工价格由上月下降4.7%转为上涨9.7%，煤炭开采和洗选业价格由下降1.5%转为上涨2.8%，黑色金属冶炼和压延加工业价格由下降0.3%转为上涨1.9%，玻璃制造价格由下降1.5%转为上涨0.1%，电力热力生产和供应业价格由下降0.9%转为上涨0.1%。二是输入性因素影响国内石油和部分有色金属行业价格环比回落。国际有色金属价格高位震荡，国内有色金属冶炼和压延加工业价格上涨0.2%，涨幅比上月回落0.6个百分点，其中金冶炼、铝冶炼价格均上涨0.2%，铜冶炼价格下降1.1%。国际油价下行带动国内石油开采、精炼石油产品制造价格分别下降1.4%和0.6%。PPI同比下降2.9%，降幅比上月收窄0.7个百分点，为今年3月份以来首次收窄。除受上年同期对比基数走低影响外，我国加紧实施更加积极有为的宏观政策，一些行业价格呈现积极变化。一是国内市场竞争秩序持续优化带动相关行业价格同比降幅收窄。全国统一大市场建设纵深推进，企业无序竞争得到治理、重点行业产能治理有序开展，相关行业价格同比降幅收窄。煤炭加工、黑色金属冶炼和压延加工业、煤炭开采和洗选业、光伏设备及元器件制造、新能源车整车制造价格同比降幅比上月分别收窄10.3个、6.0个、3.2个、2.8个和0.6个百分点，对PPI同比的下拉影响比上月减少约0.50个百分点，是PPI同比降幅收窄的主要原因。二是发展新动能稳步成长带动相关行业价格同比回升。新兴产业茁壮成长、科技创新和产业创新深度融合、绿色发展提质增效，相关行业价格同比有所回升。集成电路封装测试系列价格上涨1.1%，船舶及相关装置制造价格上涨0.9%，通信系统设备制造价格上涨0.3%，固体废弃物处理设备价格上涨0.3%；电子专用材料制造、智能无人飞行器制造价格分别由上月下降1.6%和0.5%转为持平；废弃资源综合利用业价格降幅收窄5.4个百分点。三是升级类消费需求增加拉动部分行业价格同比上涨。工艺美术及礼仪用品制造价格上涨13.0%，运动用球类制造价格上涨4.7%，中乐器制造价格上涨1.6%，营养食品制造价格上涨0.9%，专项运动器材及配件制造价格上涨0.4%，保健食品制造价格上涨0.3%。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":477027578634456,"gmtCreate":1757468191951,"gmtModify":1757468195796,"author":{"id":"4198132281708462","authorId":"4198132281708462","name":"老虎我最凶","avatar":"https://community-static.tradeup.com/news/cea559f3cd03b229f43522cf0695b634","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198132281708462","authorIdStr":"4198132281708462"},"themes":[],"htmlText":"Win win win&nbsp;","listText":"Win win win&nbsp;","text":"Win win win","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/477027578634456","repostId":"1141889500","repostType":2,"repost":{"id":"1141889500","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1757467855,"share":"https://ttm.financial/m/news/1141889500?lang=en_US&edition=fundamental","pubTime":"2025-09-10 09:30","market":"us","language":"zh","title":"National Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed","url":"https://stock-news.laohu8.com/highlight/detail?id=1141889500","media":"老虎资讯综合","summary":"二者共同导致CPI同比走低。食品价格同比下降4.3%，降幅比上月扩大2.7个百分点，对CPI同比的下拉影响比上月增加约0.51个百分点，高于CPI同比降幅。随着扩内需促消费政策持续显效，核心CPI同比涨幅连续第4个月扩大。PPI同比下降2.9%，降幅比上月收窄0.7个百分点，为今年3月份以来首次收窄。","content":"<p><html><head></head><body><p style=\"text-align: justify;\">In August 2025, the national consumer price fell by 0.4% year-on-year. Among them, cities decreased by 0.3% and rural areas decreased by 0.6%; Food prices fell by 4.3%, while non-food prices rose by 0.5%; The price of consumer goods decreased by 1.0%, while the price of services increased by 0.6%. On average from January to August, the national consumer price decreased by 0.1% compared with the same period of last year.</p><p><p style=\"text-align: justify;\">In August, the national consumer price was flat month-on-month. Among them, cities were flat and rural areas rose by 0.1%; Food prices rose by 0.5%, while non-food prices fell by 0.1%; Consumer goods prices rose 0.1%, while service prices were flat.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f34e14f2fd4155d4c66f07a181e6a90\" alt=\"\" title=\"\" tg-width=\"2198\" tg-height=\"1261\"/></p><p><p style=\"text-align: justify;\">In August 2025, the national industrial producer price fell by 2.9% year-on-year, the decline narrowed by 0.7 percentage points from the previous month, and the month-on-month decrease turned flat from a 0.2% decrease. The purchase price of industrial producers decreased by 4.0% year-on-year and remained flat month-on-month. On average from January to August, the ex-factory price of industrial producers decreased by 2.9% compared with the same period of last year, and the purchase price of industrial producers decreased by 3.3%.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3b00b5475e01e2e68ecd0fb871b5cb1\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6088b340978e2f21552c02431004b33c\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><h2 id=\"id_3575244132\" style=\"text-align: left;\">Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the CPI and PPI data for August 2025</h2>In August, the consumer market was generally stable. The consumer price index (CPI) was flat month-on-month, down 0.4% year-on-year. The core CPI excluding food and energy prices rose by 0.9% year-on-year, and the increase expanded for the fourth consecutive month. The competition order in the domestic market continues to be optimized, the supply and demand relationship in some industries has improved, and the industrial producer price index (PPI) has changed from a month-on-month decrease of 0.2% in the previous month to flat; It decreased by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month.</p><p><p style=\"text-align: justify;\"><strong>1. Core CPI continues to rise</strong></p><p><p style=\"text-align: justify;\"><strong>The CPI turned from flat to falling year-on-year, mainly due to the higher comparison base in the same period last year and the increase in food prices this month being lower than the seasonal level.</strong>From the perspective of hikes, the hikes impact of last year's price changes on this month's CPI was about-0.9 percentage points year-on-year, and the pull-down impact expanded by 0.4 percentage points from the previous month; Judging from the new price increase, this month's CPI was flat month-on-month, about 0.3 percentage points lower than the seasonal level. The two together led to a year-on-year decline in CPI.<strong>In terms of categories, food prices are mainly low.</strong>This month, food prices rose by 0.5% month-on-month, which was about 1.1 percentage points lower than the seasonal level. Among them, the price changes of pork, eggs and fresh fruits were all weaker than the seasonal level. Food prices fell by 4.3% year-on-year, an increase of 2.7 percentage points from the previous month. The year-on-year downward impact on CPI increased by about 0.51 percentage points from the previous month, which was higher than the year-on-year decline in CPI. Among them, the prices of pork, fresh vegetables and eggs decreased by 16.1%, 15.2% and 14.2% respectively year-on-year, and the decline was 6.6, 7.6 and 1.3 percentage points higher than that of the previous month, respectively. The price of fresh fruits changed from a 2.8% increase in the previous month to a decrease of 3.7% year-on-year. The downward impact of the above four items on CPI increased by about 0.47 percentage points compared with the previous month. Non-food prices rose by 0.5%, and the increase expanded for the third consecutive month, affecting the CPI to rise by about 0.43 percentage points year-on-year.</p><p><p style=\"text-align: justify;\"><strong>As the policy of expanding domestic demand and promoting consumption continues to take effect, the year-on-year increase of core CPI has expanded for the fourth consecutive month.</strong>This month, the core CPI excluding food and energy prices rose by 0.9% year-on-year, an increase of 0.1 percentage points from the previous month. Among them, the price of industrial consumer goods excluding energy rose by 1.5% year-on-year, an increase of 0.3 percentage points from the previous month. Among industrial consumer goods, the prices of gold jewelry and platinum jewelry increased by 36.7% and 29.8% year-on-year respectively, which together affected the CPI to increase by about 0.22 percentage points year-on-year; The year-on-year price increases of household appliances and entertainment durable consumer goods expanded to 4.6% and 2.4% respectively, which together affected the CPI to increase by about 0.09 percentage points year-on-year; The year-on-year decline in fuel car prices continued to narrow to 2.3%. The year-on-year increase in service prices has gradually expanded since March, rising by 0.6% this month, an increase of 0.1 percentage points over the previous month, affecting the CPI to increase by about 0.23 percentage points year-on-year. Among them, the prices of housekeeping services and hairdressing increased by 2.3% and 1.0% respectively year-on-year, and the increase was relatively stable; The prices of medical services and educational services increased by 1.6% and 1.2% year-on-year respectively, while the rental fees of transportation and tourism prices increased by 0.8% and 0.7% year-on-year respectively, and the increases both expanded.</p><p><p style=\"text-align: justify;\"><strong>2. The year-on-year decline in PPI narrowed</strong></p><p><p style=\"text-align: justify;\">PPI ended its eight consecutive months of downward trend month-on-month, turning flat from a 0.2% decline last month. The main features of the month-on-month changes in PPI this month:<strong>First, the improvement in the relationship between supply and demand has affected the prices of some energy and raw material industries from falling to rising month-on-month.</strong>The price of coal processing changed from a decrease of 4.7% last month to an increase of 9.7%, the price of coal mining and washing industry changed from a decrease of 1.5% to an increase of 2.8%, the price of ferrous metal smelting and rolling processing industry changed from a decrease of 0.3% to an increase of 1.9%, the price of glass manufacturing changed from a decrease of 1.5% to an increase of 0.1%, and the price of electric power and heat production and supply industry changed from a decrease of 0.9% to an increase of 0.1%.<strong>Second, imported factors affected the prices of domestic oil and some non-ferrous metal industries to fall month-on-month.</strong>International non-ferrous metal prices fluctuated at high levels. Domestic non-ferrous metal smelting and rolling processing industry prices rose by 0.2%, 0.6 percentage points lower than last month. Among them, gold smelting and aluminum smelting prices both rose by 0.2%, and copper smelting prices fell by 1.1%. The decline in international oil prices drove domestic oil exploitation and refined petroleum product manufacturing prices to drop by 1.4% and 0.6% respectively.</p><p><p style=\"text-align: justify;\">PPI fell by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month, the first narrowing since March this year. In addition to being affected by the lower comparison base in the same period last year, my country has stepped up the implementation of more active and promising macro policies, and prices in some industries have shown positive changes.<strong>First, the continuous optimization of the competition order in the domestic market has driven the year-on-year price decline in related industries to narrow.</strong>The construction of a unified national market has been advanced in depth, disorderly competition among enterprises has been governed, production capacity management in key industries has been carried out in an orderly manner, and the year-on-year price decline in related industries has narrowed. The year-on-year price declines in coal processing, ferrous metal smelting and rolling processing industry, coal mining and washing industry, photovoltaic equipment and component manufacturing, and new energy vehicle manufacturing narrowed by 10.3, 6.0, 3.2, and 2.8 respectively compared with the previous month. and 0.6 percentage points, the year-on-year pull-down impact on PPI decreased by about 0.50 percentage points compared with the previous month, which was the main reason for the narrowing of the year-on-year decline in PPI.<strong>Second, the steady growth of new development momentum has driven the prices of related industries to rebound year-on-year.</strong>Emerging industries have grown vigorously, technological innovation and industrial innovation have been deeply integrated, green development has improved quality and efficiency, and prices in related industries have rebounded year-on-year. The price of integrated circuit packaging and testing series increased by 1.1%, the manufacturing price of ships and related devices increased by 0.9%, the manufacturing price of communication system equipment increased by 0.3%, and the price of solid waste treatment equipment increased by 0.3%; The prices of electronic materials manufacturing and intelligent unmanned aerial vehicles manufacturing fell by 1.6% and 0.5% respectively from the previous month to the same level; The price decline of comprehensive utilization of waste resources narrowed by 5.4 percentage points.<strong>Third, the increase in consumer demand for upgrades has driven prices in some industries to rise year-on-year.</strong>The manufacturing price of arts and crafts and ceremonial articles increased by 13.0%, the manufacturing price of sports balls increased by 4.7%, the manufacturing price of Chinese musical instruments increased by 1.6%, the manufacturing price of nutritious food increased by 0.9%, the manufacturing price of special sports equipment and accessories increased by 0.4% and the manufacturing price of health food increased by 0.3%.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>National Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNational Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2025-09-10 09:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><p style=\"text-align: justify;\">In August 2025, the national consumer price fell by 0.4% year-on-year. Among them, cities decreased by 0.3% and rural areas decreased by 0.6%; Food prices fell by 4.3%, while non-food prices rose by 0.5%; The price of consumer goods decreased by 1.0%, while the price of services increased by 0.6%. On average from January to August, the national consumer price decreased by 0.1% compared with the same period of last year.</p><p><p style=\"text-align: justify;\">In August, the national consumer price was flat month-on-month. Among them, cities were flat and rural areas rose by 0.1%; Food prices rose by 0.5%, while non-food prices fell by 0.1%; Consumer goods prices rose 0.1%, while service prices were flat.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f34e14f2fd4155d4c66f07a181e6a90\" alt=\"\" title=\"\" tg-width=\"2198\" tg-height=\"1261\"/></p><p><p style=\"text-align: justify;\">In August 2025, the national industrial producer price fell by 2.9% year-on-year, the decline narrowed by 0.7 percentage points from the previous month, and the month-on-month decrease turned flat from a 0.2% decrease. The purchase price of industrial producers decreased by 4.0% year-on-year and remained flat month-on-month. On average from January to August, the ex-factory price of industrial producers decreased by 2.9% compared with the same period of last year, and the purchase price of industrial producers decreased by 3.3%.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3b00b5475e01e2e68ecd0fb871b5cb1\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6088b340978e2f21552c02431004b33c\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><h2 id=\"id_3575244132\" style=\"text-align: left;\">Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the CPI and PPI data for August 2025</h2>In August, the consumer market was generally stable. The consumer price index (CPI) was flat month-on-month, down 0.4% year-on-year. The core CPI excluding food and energy prices rose by 0.9% year-on-year, and the increase expanded for the fourth consecutive month. The competition order in the domestic market continues to be optimized, the supply and demand relationship in some industries has improved, and the industrial producer price index (PPI) has changed from a month-on-month decrease of 0.2% in the previous month to flat; It decreased by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month.</p><p><p style=\"text-align: justify;\"><strong>1. Core CPI continues to rise</strong></p><p><p style=\"text-align: justify;\"><strong>The CPI turned from flat to falling year-on-year, mainly due to the higher comparison base in the same period last year and the increase in food prices this month being lower than the seasonal level.</strong>From the perspective of hikes, the hikes impact of last year's price changes on this month's CPI was about-0.9 percentage points year-on-year, and the pull-down impact expanded by 0.4 percentage points from the previous month; Judging from the new price increase, this month's CPI was flat month-on-month, about 0.3 percentage points lower than the seasonal level. The two together led to a year-on-year decline in CPI.<strong>In terms of categories, food prices are mainly low.</strong>This month, food prices rose by 0.5% month-on-month, which was about 1.1 percentage points lower than the seasonal level. Among them, the price changes of pork, eggs and fresh fruits were all weaker than the seasonal level. Food prices fell by 4.3% year-on-year, an increase of 2.7 percentage points from the previous month. The year-on-year downward impact on CPI increased by about 0.51 percentage points from the previous month, which was higher than the year-on-year decline in CPI. Among them, the prices of pork, fresh vegetables and eggs decreased by 16.1%, 15.2% and 14.2% respectively year-on-year, and the decline was 6.6, 7.6 and 1.3 percentage points higher than that of the previous month, respectively. The price of fresh fruits changed from a 2.8% increase in the previous month to a decrease of 3.7% year-on-year. The downward impact of the above four items on CPI increased by about 0.47 percentage points compared with the previous month. Non-food prices rose by 0.5%, and the increase expanded for the third consecutive month, affecting the CPI to rise by about 0.43 percentage points year-on-year.</p><p><p style=\"text-align: justify;\"><strong>As the policy of expanding domestic demand and promoting consumption continues to take effect, the year-on-year increase of core CPI has expanded for the fourth consecutive month.</strong>This month, the core CPI excluding food and energy prices rose by 0.9% year-on-year, an increase of 0.1 percentage points from the previous month. Among them, the price of industrial consumer goods excluding energy rose by 1.5% year-on-year, an increase of 0.3 percentage points from the previous month. Among industrial consumer goods, the prices of gold jewelry and platinum jewelry increased by 36.7% and 29.8% year-on-year respectively, which together affected the CPI to increase by about 0.22 percentage points year-on-year; The year-on-year price increases of household appliances and entertainment durable consumer goods expanded to 4.6% and 2.4% respectively, which together affected the CPI to increase by about 0.09 percentage points year-on-year; The year-on-year decline in fuel car prices continued to narrow to 2.3%. The year-on-year increase in service prices has gradually expanded since March, rising by 0.6% this month, an increase of 0.1 percentage points over the previous month, affecting the CPI to increase by about 0.23 percentage points year-on-year. Among them, the prices of housekeeping services and hairdressing increased by 2.3% and 1.0% respectively year-on-year, and the increase was relatively stable; The prices of medical services and educational services increased by 1.6% and 1.2% year-on-year respectively, while the rental fees of transportation and tourism prices increased by 0.8% and 0.7% year-on-year respectively, and the increases both expanded.</p><p><p style=\"text-align: justify;\"><strong>2. The year-on-year decline in PPI narrowed</strong></p><p><p style=\"text-align: justify;\">PPI ended its eight consecutive months of downward trend month-on-month, turning flat from a 0.2% decline last month. The main features of the month-on-month changes in PPI this month:<strong>First, the improvement in the relationship between supply and demand has affected the prices of some energy and raw material industries from falling to rising month-on-month.</strong>The price of coal processing changed from a decrease of 4.7% last month to an increase of 9.7%, the price of coal mining and washing industry changed from a decrease of 1.5% to an increase of 2.8%, the price of ferrous metal smelting and rolling processing industry changed from a decrease of 0.3% to an increase of 1.9%, the price of glass manufacturing changed from a decrease of 1.5% to an increase of 0.1%, and the price of electric power and heat production and supply industry changed from a decrease of 0.9% to an increase of 0.1%.<strong>Second, imported factors affected the prices of domestic oil and some non-ferrous metal industries to fall month-on-month.</strong>International non-ferrous metal prices fluctuated at high levels. Domestic non-ferrous metal smelting and rolling processing industry prices rose by 0.2%, 0.6 percentage points lower than last month. Among them, gold smelting and aluminum smelting prices both rose by 0.2%, and copper smelting prices fell by 1.1%. The decline in international oil prices drove domestic oil exploitation and refined petroleum product manufacturing prices to drop by 1.4% and 0.6% respectively.</p><p><p style=\"text-align: justify;\">PPI fell by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month, the first narrowing since March this year. In addition to being affected by the lower comparison base in the same period last year, my country has stepped up the implementation of more active and promising macro policies, and prices in some industries have shown positive changes.<strong>First, the continuous optimization of the competition order in the domestic market has driven the year-on-year price decline in related industries to narrow.</strong>The construction of a unified national market has been advanced in depth, disorderly competition among enterprises has been governed, production capacity management in key industries has been carried out in an orderly manner, and the year-on-year price decline in related industries has narrowed. The year-on-year price declines in coal processing, ferrous metal smelting and rolling processing industry, coal mining and washing industry, photovoltaic equipment and component manufacturing, and new energy vehicle manufacturing narrowed by 10.3, 6.0, 3.2, and 2.8 respectively compared with the previous month. and 0.6 percentage points, the year-on-year pull-down impact on PPI decreased by about 0.50 percentage points compared with the previous month, which was the main reason for the narrowing of the year-on-year decline in PPI.<strong>Second, the steady growth of new development momentum has driven the prices of related industries to rebound year-on-year.</strong>Emerging industries have grown vigorously, technological innovation and industrial innovation have been deeply integrated, green development has improved quality and efficiency, and prices in related industries have rebounded year-on-year. The price of integrated circuit packaging and testing series increased by 1.1%, the manufacturing price of ships and related devices increased by 0.9%, the manufacturing price of communication system equipment increased by 0.3%, and the price of solid waste treatment equipment increased by 0.3%; The prices of electronic materials manufacturing and intelligent unmanned aerial vehicles manufacturing fell by 1.6% and 0.5% respectively from the previous month to the same level; The price decline of comprehensive utilization of waste resources narrowed by 5.4 percentage points.<strong>Third, the increase in consumer demand for upgrades has driven prices in some industries to rise year-on-year.</strong>The manufacturing price of arts and crafts and ceremonial articles increased by 13.0%, the manufacturing price of sports balls increased by 4.7%, the manufacturing price of Chinese musical instruments increased by 1.6%, the manufacturing price of nutritious food increased by 0.9%, the manufacturing price of special sports equipment and accessories increased by 0.4% and the manufacturing price of health food increased by 0.3%.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a8642475395bb363eacb86148917e7b","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141889500","content_text":"2025年8月份，全国居民消费价格同比下降0.4%。其中，城市下降0.3%，农村下降0.6%；食品价格下降4.3%，非食品价格上涨0.5%；消费品价格下降1.0%，服务价格上涨0.6%。1—8月平均，全国居民消费价格比上年同期下降0.1%。 8月份，全国居民消费价格环比持平。其中，城市持平，农村上涨0.1%；食品价格上涨0.5%，非食品价格下降0.1%；消费品价格上涨0.1%，服务价格持平。2025年8月份，全国工业生产者出厂价格同比下降2.9%，降幅比上月收窄0.7个百分点，环比由下降0.2%转为持平。工业生产者购进价格同比下降4.0%，环比持平。1—8月平均，工业生产者出厂价格比上年同期下降2.9%，工业生产者购进价格下降3.3%。国家统计局城市司首席统计师董莉娟解读2025年8月份CPI和PPI数据8月份，消费市场运行总体平稳，居民消费价格指数（CPI）环比持平，同比下降0.4%，扣除食品和能源价格的核心CPI同比上涨0.9%，涨幅连续第4个月扩大。国内市场竞争秩序持续优化，部分行业供需关系改善，工业生产者出厂价格指数（PPI）环比由上月下降0.2%转为持平；同比下降2.9%，降幅比上月收窄0.7个百分点。一、核心CPI继续回升CPI同比由平转降，主要是上年同期对比基数走高叠加本月食品价格涨幅低于季节性水平所致。从翘尾看，上年价格变动对本月CPI同比的翘尾影响约为-0.9个百分点，下拉影响比上月扩大0.4个百分点；从新涨价看，本月CPI环比持平，低于季节性水平约0.3个百分点。二者共同导致CPI同比走低。分类别看，主要是食品价格较低。本月食品价格环比上涨0.5%，涨幅低于季节性水平约1.1个百分点，其中猪肉、鸡蛋、鲜果价格变动均弱于季节性。食品价格同比下降4.3%，降幅比上月扩大2.7个百分点，对CPI同比的下拉影响比上月增加约0.51个百分点，高于CPI同比降幅。其中，猪肉、鲜菜和鸡蛋价格同比分别下降16.1%、15.2%和14.2%，降幅比上月分别扩大6.6个、7.6个和1.3个百分点，鲜果价格同比由上月上涨2.8%转为下降3.7%，上述四项对CPI同比的下拉影响比上月增加约0.47个百分点。非食品价格上涨0.5%，涨幅连续第3个月扩大，影响CPI同比上涨约0.43个百分点。随着扩内需促消费政策持续显效，核心CPI同比涨幅连续第4个月扩大。本月扣除食品和能源价格的核心CPI同比上涨0.9%，涨幅比上月扩大0.1个百分点。其中，扣除能源的工业消费品价格同比上涨1.5%，涨幅比上月扩大0.3个百分点。工业消费品中，金饰品和铂金饰品价格同比分别上涨36.7%和29.8%，合计影响CPI同比上涨约0.22个百分点；家用器具和文娱耐用消费品价格同比涨幅分别扩大至4.6%和2.4%，合计影响CPI同比上涨约0.09个百分点；燃油小汽车价格同比降幅继续收窄至2.3%。服务价格同比涨幅自3月份起逐步扩大，本月上涨0.6%，涨幅比上月扩大0.1个百分点，影响CPI同比上涨约0.23个百分点。其中，家政服务和美发价格同比分别上涨2.3%和1.0%，涨幅较为稳定；医疗服务和教育服务价格同比分别上涨1.6%和1.2%，交通工具租赁费和旅游价格同比分别上涨0.8%和0.7%，涨幅均有扩大。二、PPI同比降幅收窄PPI环比结束连续8个月下行态势，由上月下降0.2%转为持平。本月PPI环比变动的主要特点：一是供需关系改善影响部分能源和原材料行业价格环比由降转涨。煤炭加工价格由上月下降4.7%转为上涨9.7%，煤炭开采和洗选业价格由下降1.5%转为上涨2.8%，黑色金属冶炼和压延加工业价格由下降0.3%转为上涨1.9%，玻璃制造价格由下降1.5%转为上涨0.1%，电力热力生产和供应业价格由下降0.9%转为上涨0.1%。二是输入性因素影响国内石油和部分有色金属行业价格环比回落。国际有色金属价格高位震荡，国内有色金属冶炼和压延加工业价格上涨0.2%，涨幅比上月回落0.6个百分点，其中金冶炼、铝冶炼价格均上涨0.2%，铜冶炼价格下降1.1%。国际油价下行带动国内石油开采、精炼石油产品制造价格分别下降1.4%和0.6%。PPI同比下降2.9%，降幅比上月收窄0.7个百分点，为今年3月份以来首次收窄。除受上年同期对比基数走低影响外，我国加紧实施更加积极有为的宏观政策，一些行业价格呈现积极变化。一是国内市场竞争秩序持续优化带动相关行业价格同比降幅收窄。全国统一大市场建设纵深推进，企业无序竞争得到治理、重点行业产能治理有序开展，相关行业价格同比降幅收窄。煤炭加工、黑色金属冶炼和压延加工业、煤炭开采和洗选业、光伏设备及元器件制造、新能源车整车制造价格同比降幅比上月分别收窄10.3个、6.0个、3.2个、2.8个和0.6个百分点，对PPI同比的下拉影响比上月减少约0.50个百分点，是PPI同比降幅收窄的主要原因。二是发展新动能稳步成长带动相关行业价格同比回升。新兴产业茁壮成长、科技创新和产业创新深度融合、绿色发展提质增效，相关行业价格同比有所回升。集成电路封装测试系列价格上涨1.1%，船舶及相关装置制造价格上涨0.9%，通信系统设备制造价格上涨0.3%，固体废弃物处理设备价格上涨0.3%；电子专用材料制造、智能无人飞行器制造价格分别由上月下降1.6%和0.5%转为持平；废弃资源综合利用业价格降幅收窄5.4个百分点。三是升级类消费需求增加拉动部分行业价格同比上涨。工艺美术及礼仪用品制造价格上涨13.0%，运动用球类制造价格上涨4.7%，中乐器制造价格上涨1.6%，营养食品制造价格上涨0.9%，专项运动器材及配件制造价格上涨0.4%，保健食品制造价格上涨0.3%。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":398776793673920,"gmtCreate":1738382646956,"gmtModify":1738382650443,"author":{"id":"4198132281708462","authorId":"4198132281708462","name":"老虎我最凶","avatar":"https://community-static.tradeup.com/news/cea559f3cd03b229f43522cf0695b634","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4198132281708462","authorIdStr":"4198132281708462"},"themes":[],"htmlText":"double win！","listText":"double win！","text":"double win！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/398776793673920","repostId":"1120077738","repostType":2,"repost":{"id":"1120077738","kind":"news","pubTimestamp":1738381392,"share":"https://ttm.financial/m/news/1120077738?lang=en_US&edition=fundamental","pubTime":"2025-02-01 11:43","market":"us","language":"zh","title":"Ultraman's \"confession\": He stood on the wrong side on open source AI! DeepSeek makes OpenAI no longer advantageous","url":"https://stock-news.laohu8.com/highlight/detail?id=1120077738","media":"新智元","summary":"下一个是GPT-5。","content":"<p><html><head></head><body>While everyone was still marveling at the amazing strength of DeepSeek, OpenAI finally couldn't sit still.</p><p>In the early morning of last night, o3-mini was launched urgently, refreshing SOTA in benchmark tests such as mathematical code and returning to the throne.</p><p>Most importantly, free users can also experience it!</p><p>The strength of o3-mini is not boasting. In the last human exam, o3-mini (high) was the best in terms of accuracy and Calibration Error (Calibration Error).</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c22b9ec8914751bc5abe6021c200f9a\" title=\"\" tg-width=\"1080\" tg-height=\"1020\"/></p><p>A few hours after the launch of o3-mini, OpenAI officially launched an online Q&A on Reddit AMA for about an hour.</p><p>Altman himself also went online and answered all the questions of netizens.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b529a27074e998944972eca3a1e5b0b7\" title=\"\" tg-width=\"1080\" tg-height=\"832\"/></p><p>The main highlights are:</p><p><ul style=\"list-style-type: disc;\"><li>DeepSeek is really good, and we will continue to develop better models, but the lead will not be as big as before</p><p></li><li>I am more inclined now than I was a few years ago to think that AI may be advancing rapidly</p><p></li><li>On the issue of open source weighted AI models, we are on the wrong side</p><p></li><li>The advanced voice mode is about to receive an update. We will directly call it GPT-5 instead of GPT-5o. There is no specific timetable yet.</p><p></li></ul>In addition to Altman himself, Chief Research Officer Mark Chen, Chief Product Officer Kevin Weil, Vice President of Engineering Srinivas Narayanan, Head of API Research Michelle Pokrass, and Head of Research Hongyu Ren were also online and seriously answered all questions from netizens.</p><p>Next, let's take a look at what they all said together.</p><p><strong>Ultraman deeply repents that he was on the wrong side on open source AI</strong></p><p>DeepSeek's sudden counterattack may not be expected by everyone.</p><p>In the AMA Q&A, Ultraman himself also deeply repented that he was on the wrong side on open source AI, and had to admit the strong advantages of DeepSeek.</p><p>To the amazement of many people, Ultraman actually said that OpenAI's lead is not as good as before.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a555c5dee2ce12ce297456a37aeb64b9\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"316\"/></p><p>All the following are our classic answers from Altman.</p><p><strong>Q: Let's talk about this week's big topic: Deepseek. Obviously this is a very impressive model, and I also know that it may have been trained on the output of other LLMs. How will this change your plans for future models?</strong></p><p>Altman: It is a very good model indeed! We will develop better models, but we won't maintain as big a lead as we have in previous years.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30050f5f20ed6d7c0bb40a1780d02d5b\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"550\"/></p><p><strong>Q: Do you think recursive self-improvement will be a gradual process or a sudden take-off process?</strong></p><p>Altman: Personally, I think that I am more inclined to think that AI may develop rapidly than a few years ago. It may be time to write something on this topic...</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f68199e96b99c46e8b299a9d90eae294\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"463\"/></p><p><strong>Q: Can we see all the tokens thought about by the model?</strong></p><p>Altman: Yeah, we'll show a more helpful and detailed version soon. Thanks to R1 for the updated information.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72407471b6a5ff25832883af26985910\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"400\"/></p><p>Kevin Weil, Chief Product Officer: We're trying to present more than we have now-that will happen soon. As for whether to show everything is yet to be determined, showing all chains of thought (CoT) will lead to model distillation by competitors, but we also know that users (at least advanced users) want to see this, so we will find a suitable balance.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7ca7bd7647c025f9ee6b93c60c35e8e\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"313\"/></p><p><strong>Q: When will the full-blood version o3 go online?</strong></p><p>Altman: I reckon it will be more than a few weeks, but not more than a few months.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c2b17cac2383cb54c6008fdf3846d7a\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"387\"/></p><p><strong>Q: Will the voice mode be updated? Is this the focus of a potential GPT-5o? What is the approximate timeline for GPT-5o?</strong></p><p>Ultraman: Yes, an update to Advanced Voice Mode is coming soon! I think we'll just call it GPT-5 instead of GPT-5o. There is no specific timeline yet.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a299ae6009abd55614bc73665df44b7\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"555\"/></p><p><strong>Q: Would you consider releasing some model weights and publishing some research?</strong></p><p>Altman: Yeah, we're talking about it. Personally, I think we are on the wrong side on this issue and need to come up with a different open source strategy; Not everyone at OpenAI holds this view, and it's not our highest priority right now.</p><p>Here's another question bomb:</p><p><ul style=\"list-style-type: disc;\"><li><strong>How close are we to offering Operator on the regular Plus plan?</strong></p><p></li><li><strong>What are the primary goals of the robotics department?</strong></p><p></li><li><strong>What does OpenAI think of more specialized chips/TPUs, such as Trillium, Cerebras, etc.? Is OpenAI looking at this?</strong></p><p></li><li><strong>What to invest in to hedge AGI and ASI's future risks?</strong></p><p></li><li><strong>What was your most memorable vacation?</strong></p><p></li></ul>Ultraman:</p><p><ul style=\"list-style-type: disc;\"><li>Months</p><p></li><li>Start by producing a really good robot on a small scale and learn from it</p><p></li><li>The GB200 is hard to beat at the moment!</p><p></li><li>A good choice is to improve your internal state-resilience, resilience, calm, happiness, etc</p><p></li><li>It's hard to choose! But the first two that come to mind: backpacking in Southeast Asia or safari trips in Africa</p><p></li></ul><strong>Q: Do you plan to raise the price of Plus series products?</strong></p><p>Altman: Actually I want to taper it down.</p><p><strong>Q: Let's say it's 2030 and you've just created a system that most people would call AGI. It excels on all test benchmarks, and it surpasses your best engineers and researchers in speed and performance. WHAT NEXT? Are there any other plans besides putting it on the website to offer services?</strong></p><p>Altman: In my opinion, the most important impact will be to accelerate the speed of scientific discovery, which I think is the factor that contributes the most to improving quality of life.</p><p><strong>4o image generation, coming soon</strong></p><p>Next, added are responses from other OpenAI members.</p><p><strong>Q: Do you still plan to launch a 4o image generator?</strong></p><p>Kevin Weil, Chief Product Officer: Yes! We're working on it. And I think it's worth the wait.</p><p><strong>Q: Great! Is there an approximate timeline?</strong></p><p>Chief Product Officer Kevin Weil: You're trying to get me into trouble. Maybe a few months.</p><p>There is a similar question.</p><p><strong>Q: When can we see ChatGPT-5?</strong></p><p>Kevin Weil, Chief Product Officer: Not long after o-17 micro and GPT-(π+1).</p><p>Another question bomb:</p><p><ul style=\"list-style-type: disc;\"><li><strong>What other types of agents can we expect?</strong></p><p></li><li><strong>Also provide an agent for free users, which can accelerate adoption...</strong></p><p></li><li><strong>Are there any updates on the new version of DALL E.</strong></p><p></li><li><strong>One last question, and one that everyone will ask... when will AGI be implemented?</strong></p><p></li></ul>Chief Product Officer Kevin Weil:</p><p><ul style=\"list-style-type: disc;\"><li>About more agents: Coming very, very soon. I think you'll be satisfied.</p><p></li><li>Image Generation Based on 4o: I can't wait for you guys to use it in about a few months. It's great.</p><p></li><li>AGI: Yes</p><p></li></ul><strong>Q: Do you plan to add file attachment functionality to the inference model?</strong></p><p>Srinivas Narayanan, Vice President of Engineering: Under development. Future inference models will be able to use different tools, including retrieval functions.</p><p>Kevin Weil, Chief Product Officer: Just wanted to say, I can't wait to see inference models that can use tools:)</p><p><strong>Q: Really. When you solve this problem, some very useful AI application scenarios will be opened. Imagine it being able to understand the contents of your 500GB working document.</strong></p><p>When you're ready to respond to an email, a panel opens next to your email app that continuously analyzes all the information related to the person, including your relationship, topics discussed, past work, and more. Perhaps something in a document that you have long forgotten will be flagged because it is very relevant to the current discussion. I want this feature so badly.</p><p>Srinivas Narayanan, Deputy General Manager of Engineering: We are trying to increase context length. No clear date/announcement yet.</p><p><strong>Q: How important is the Stargate project for the future of OpenAI?</strong></p><p>Kevin Weil, Chief Product Officer: Very important. Everything we see shows that the more computing power we have, the better models we can build and the more valuable products we can make.</p><p>We are now scaling the model in two dimensions simultaneously-pre-training on a larger scale, and more reinforcement learning (RL)/strawberry training-both of which require computational resources.</p><p>Serving hundreds of millions of users also requires computing resources! And as we move to more intelligent agent products that can continue to work for you, this also requires computing resources. So you can think of Stargate as our factory, where power/GPUs are turned into amazing products.</p><p><strong>Q: Internally, which model are you using now? o4, o5 or o6? How smarter are these internal models compared to o3?</strong></p><p>Michelle Pokrass, head of API research: We've lost count.</p><p><strong>Q: Please allow us to interact with text/canvas while using advanced speech functions. I want to be able to speak to it and have it make iterative changes to the document.</strong></p><p>Kevin Weil, Chief Product Officer: Yes! We have a lot of nice tools that have been developed relatively independently-the goal is to get these tools in your hands as soon as possible.</p><p>The next step is to incorporate all these features so that you can talk to a model that reasons while searching and generates a canvas that can run Python on. All tools need to work together better. By the way, all models need complete tool usage capabilities (o-series models can't use all tools at present), and this will also be realized.</p><p><strong>Q: When will the o series models support the memory function in ChatGPT?</strong></p><p>Michelle Pokrass, Head of API Research: Under development! Unifying all our features with the o-series model is our top priority.</p><p><strong>Q: Will there be major improvements in 4o? I really like custom GPT, it would be awesome if it was able to upgrade, or even better if we were able to choose what model to use in custom GPT (like o3 mini).</strong></p><p>Michelle Pokrass, Head of API Research: Yes, we haven't finished the 4o series yet!</p><p></body></html></p>","source":"lsy1569730104218","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ultraman's \"confession\": He stood on the wrong side on open source AI! DeepSeek makes OpenAI no longer advantageous</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUltraman's \"confession\": He stood on the wrong side on open source AI! DeepSeek makes OpenAI no longer advantageous\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新智元</strong><span class=\"h-time small\">2025-02-01 11:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>While everyone was still marveling at the amazing strength of DeepSeek, OpenAI finally couldn't sit still.</p><p>In the early morning of last night, o3-mini was launched urgently, refreshing SOTA in benchmark tests such as mathematical code and returning to the throne.</p><p>Most importantly, free users can also experience it!</p><p>The strength of o3-mini is not boasting. In the last human exam, o3-mini (high) was the best in terms of accuracy and Calibration Error (Calibration Error).</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c22b9ec8914751bc5abe6021c200f9a\" title=\"\" tg-width=\"1080\" tg-height=\"1020\"/></p><p>A few hours after the launch of o3-mini, OpenAI officially launched an online Q&A on Reddit AMA for about an hour.</p><p>Altman himself also went online and answered all the questions of netizens.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b529a27074e998944972eca3a1e5b0b7\" title=\"\" tg-width=\"1080\" tg-height=\"832\"/></p><p>The main highlights are:</p><p><ul style=\"list-style-type: disc;\"><li>DeepSeek is really good, and we will continue to develop better models, but the lead will not be as big as before</p><p></li><li>I am more inclined now than I was a few years ago to think that AI may be advancing rapidly</p><p></li><li>On the issue of open source weighted AI models, we are on the wrong side</p><p></li><li>The advanced voice mode is about to receive an update. We will directly call it GPT-5 instead of GPT-5o. There is no specific timetable yet.</p><p></li></ul>In addition to Altman himself, Chief Research Officer Mark Chen, Chief Product Officer Kevin Weil, Vice President of Engineering Srinivas Narayanan, Head of API Research Michelle Pokrass, and Head of Research Hongyu Ren were also online and seriously answered all questions from netizens.</p><p>Next, let's take a look at what they all said together.</p><p><strong>Ultraman deeply repents that he was on the wrong side on open source AI</strong></p><p>DeepSeek's sudden counterattack may not be expected by everyone.</p><p>In the AMA Q&A, Ultraman himself also deeply repented that he was on the wrong side on open source AI, and had to admit the strong advantages of DeepSeek.</p><p>To the amazement of many people, Ultraman actually said that OpenAI's lead is not as good as before.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a555c5dee2ce12ce297456a37aeb64b9\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"316\"/></p><p>All the following are our classic answers from Altman.</p><p><strong>Q: Let's talk about this week's big topic: Deepseek. Obviously this is a very impressive model, and I also know that it may have been trained on the output of other LLMs. How will this change your plans for future models?</strong></p><p>Altman: It is a very good model indeed! We will develop better models, but we won't maintain as big a lead as we have in previous years.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30050f5f20ed6d7c0bb40a1780d02d5b\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"550\"/></p><p><strong>Q: Do you think recursive self-improvement will be a gradual process or a sudden take-off process?</strong></p><p>Altman: Personally, I think that I am more inclined to think that AI may develop rapidly than a few years ago. It may be time to write something on this topic...</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f68199e96b99c46e8b299a9d90eae294\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"463\"/></p><p><strong>Q: Can we see all the tokens thought about by the model?</strong></p><p>Altman: Yeah, we'll show a more helpful and detailed version soon. Thanks to R1 for the updated information.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72407471b6a5ff25832883af26985910\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"400\"/></p><p>Kevin Weil, Chief Product Officer: We're trying to present more than we have now-that will happen soon. As for whether to show everything is yet to be determined, showing all chains of thought (CoT) will lead to model distillation by competitors, but we also know that users (at least advanced users) want to see this, so we will find a suitable balance.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7ca7bd7647c025f9ee6b93c60c35e8e\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"313\"/></p><p><strong>Q: When will the full-blood version o3 go online?</strong></p><p>Altman: I reckon it will be more than a few weeks, but not more than a few months.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c2b17cac2383cb54c6008fdf3846d7a\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"387\"/></p><p><strong>Q: Will the voice mode be updated? Is this the focus of a potential GPT-5o? What is the approximate timeline for GPT-5o?</strong></p><p>Ultraman: Yes, an update to Advanced Voice Mode is coming soon! I think we'll just call it GPT-5 instead of GPT-5o. There is no specific timeline yet.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a299ae6009abd55614bc73665df44b7\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"555\"/></p><p><strong>Q: Would you consider releasing some model weights and publishing some research?</strong></p><p>Altman: Yeah, we're talking about it. Personally, I think we are on the wrong side on this issue and need to come up with a different open source strategy; Not everyone at OpenAI holds this view, and it's not our highest priority right now.</p><p>Here's another question bomb:</p><p><ul style=\"list-style-type: disc;\"><li><strong>How close are we to offering Operator on the regular Plus plan?</strong></p><p></li><li><strong>What are the primary goals of the robotics department?</strong></p><p></li><li><strong>What does OpenAI think of more specialized chips/TPUs, such as Trillium, Cerebras, etc.? Is OpenAI looking at this?</strong></p><p></li><li><strong>What to invest in to hedge AGI and ASI's future risks?</strong></p><p></li><li><strong>What was your most memorable vacation?</strong></p><p></li></ul>Ultraman:</p><p><ul style=\"list-style-type: disc;\"><li>Months</p><p></li><li>Start by producing a really good robot on a small scale and learn from it</p><p></li><li>The GB200 is hard to beat at the moment!</p><p></li><li>A good choice is to improve your internal state-resilience, resilience, calm, happiness, etc</p><p></li><li>It's hard to choose! But the first two that come to mind: backpacking in Southeast Asia or safari trips in Africa</p><p></li></ul><strong>Q: Do you plan to raise the price of Plus series products?</strong></p><p>Altman: Actually I want to taper it down.</p><p><strong>Q: Let's say it's 2030 and you've just created a system that most people would call AGI. It excels on all test benchmarks, and it surpasses your best engineers and researchers in speed and performance. WHAT NEXT? Are there any other plans besides putting it on the website to offer services?</strong></p><p>Altman: In my opinion, the most important impact will be to accelerate the speed of scientific discovery, which I think is the factor that contributes the most to improving quality of life.</p><p><strong>4o image generation, coming soon</strong></p><p>Next, added are responses from other OpenAI members.</p><p><strong>Q: Do you still plan to launch a 4o image generator?</strong></p><p>Kevin Weil, Chief Product Officer: Yes! We're working on it. And I think it's worth the wait.</p><p><strong>Q: Great! Is there an approximate timeline?</strong></p><p>Chief Product Officer Kevin Weil: You're trying to get me into trouble. Maybe a few months.</p><p>There is a similar question.</p><p><strong>Q: When can we see ChatGPT-5?</strong></p><p>Kevin Weil, Chief Product Officer: Not long after o-17 micro and GPT-(π+1).</p><p>Another question bomb:</p><p><ul style=\"list-style-type: disc;\"><li><strong>What other types of agents can we expect?</strong></p><p></li><li><strong>Also provide an agent for free users, which can accelerate adoption...</strong></p><p></li><li><strong>Are there any updates on the new version of DALL E.</strong></p><p></li><li><strong>One last question, and one that everyone will ask... when will AGI be implemented?</strong></p><p></li></ul>Chief Product Officer Kevin Weil:</p><p><ul style=\"list-style-type: disc;\"><li>About more agents: Coming very, very soon. I think you'll be satisfied.</p><p></li><li>Image Generation Based on 4o: I can't wait for you guys to use it in about a few months. It's great.</p><p></li><li>AGI: Yes</p><p></li></ul><strong>Q: Do you plan to add file attachment functionality to the inference model?</strong></p><p>Srinivas Narayanan, Vice President of Engineering: Under development. Future inference models will be able to use different tools, including retrieval functions.</p><p>Kevin Weil, Chief Product Officer: Just wanted to say, I can't wait to see inference models that can use tools:)</p><p><strong>Q: Really. When you solve this problem, some very useful AI application scenarios will be opened. Imagine it being able to understand the contents of your 500GB working document.</strong></p><p>When you're ready to respond to an email, a panel opens next to your email app that continuously analyzes all the information related to the person, including your relationship, topics discussed, past work, and more. Perhaps something in a document that you have long forgotten will be flagged because it is very relevant to the current discussion. I want this feature so badly.</p><p>Srinivas Narayanan, Deputy General Manager of Engineering: We are trying to increase context length. No clear date/announcement yet.</p><p><strong>Q: How important is the Stargate project for the future of OpenAI?</strong></p><p>Kevin Weil, Chief Product Officer: Very important. Everything we see shows that the more computing power we have, the better models we can build and the more valuable products we can make.</p><p>We are now scaling the model in two dimensions simultaneously-pre-training on a larger scale, and more reinforcement learning (RL)/strawberry training-both of which require computational resources.</p><p>Serving hundreds of millions of users also requires computing resources! And as we move to more intelligent agent products that can continue to work for you, this also requires computing resources. So you can think of Stargate as our factory, where power/GPUs are turned into amazing products.</p><p><strong>Q: Internally, which model are you using now? o4, o5 or o6? How smarter are these internal models compared to o3?</strong></p><p>Michelle Pokrass, head of API research: We've lost count.</p><p><strong>Q: Please allow us to interact with text/canvas while using advanced speech functions. I want to be able to speak to it and have it make iterative changes to the document.</strong></p><p>Kevin Weil, Chief Product Officer: Yes! We have a lot of nice tools that have been developed relatively independently-the goal is to get these tools in your hands as soon as possible.</p><p>The next step is to incorporate all these features so that you can talk to a model that reasons while searching and generates a canvas that can run Python on. All tools need to work together better. By the way, all models need complete tool usage capabilities (o-series models can't use all tools at present), and this will also be realized.</p><p><strong>Q: When will the o series models support the memory function in ChatGPT?</strong></p><p>Michelle Pokrass, Head of API Research: Under development! Unifying all our features with the o-series model is our top priority.</p><p><strong>Q: Will there be major improvements in 4o? I really like custom GPT, it would be awesome if it was able to upgrade, or even better if we were able to choose what model to use in custom GPT (like o3 mini).</strong></p><p>Michelle Pokrass, Head of API Research: Yes, we haven't finished the 4o series yet!</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/No1nD8qDhLX_IHiBD-9G-A\">新智元</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0c4e1ff8a8f3ef9b71959d07d4048d2e","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/No1nD8qDhLX_IHiBD-9G-A","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120077738","content_text":"当所有人还在惊叹DeepSeek的惊人实力时，OpenAI终于坐不住了。昨夜凌晨，o3-mini紧急上线，在数学代码等基准测试中刷新SOTA，重回王座。最关键的是，免费用户也可以体验！o3-mini实力可不是吹的，在「人类最后一次考试」中，o3-mini（high）直接在准确率和校准误差（Calibration Error）均是最优。o3-mini上线几小时后，OpenAI官方开启了Reddit AMA大约1小时左右的在线问答。奥特曼本人也上线，回答了网友们的一切问题。主要精彩亮点有：DeepSeek的确很优秀，我们也会继续研发更好的模型，但领先优势不会像以前那么大了比起几年前，我现在更倾向于认为AI可能会出现快速突飞猛进在开源权重AI模型这个问题上，我们站错了队高级语音模式即将迎来更新，我们会直接称它为GPT-5，而不是GPT-5o，目前还没有具体的时间表。除了奥特曼本人，首席研究官Mark Chen、首席产品官Kevin Weil、工程副总Srinivas Narayanan、API研究负责人Michelle Pokrass、研究负责人Hongyu Ren也一同在线，认真回答了网友们所有问题。接下来，让我们一起看看他们都说了什么。奥特曼深刻忏悔，在开源AI上站错了队DeepSeek突然逆袭，或许是所有人都没有想到的。在AMA问答中，奥特曼本人也深深忏悔自己在开源AI上站错了队，不得不承认DeepSeek的强大优势。让许多人惊叹不已的是，奥特曼竟然说出，OpenAI领先优势不如以往。以下所有，是我们汇总的奥特曼的经典回答。Q：让我们来谈谈本周的重大话题：Deepseek。显然这是一个非常令人印象深刻的模型，我也知道它可能是在其他LLM的输出基础上训练的。这会如何改变你们对未来模型的计划？奥特曼：它确实是一个非常好的模型！我们会开发出更好的模型，但我们不会像往年那样保持那么大的领先优势了。Q：你认为递归式自我改进会是一个渐进的过程，还是一个突然起飞的过程？奥特曼：我个人认为，比起几年前，我现在更倾向于认为AI可能会出现快速突飞猛进。可能是时候就这个话题写点东西了...Q：我们能看到模型思考的所有token吗？奥特曼：是的，我们很快就会展示一个更有帮助、更详细的版本。感谢R1提供的更新信息。首席产品官Kevin Weil：我们正在努力展示比现在更多的内容——这将很快实现。至于是否展示所有内容还有待确定，展示所有思维链（CoT）会导致竞争对手的模型蒸馏，但我们也知道用户（至少是高级用户）想要看到这些，所以我们会找到一个合适的平衡点。Q：满血版o3什么时候上线？奥特曼：我估计会超过几周，但不会超过几个月。Q：语音模式会有更新吗？这是否是潜在的GPT-5o关注的重点？GPT-5o的大致时间表是什么？奥特曼：是的，高级语音模式的更新即将到来！我想我们会直接称它为GPT-5，而不是GPT-5o。目前还没有具体的时间表。Q：你会考虑发布一些模型权重，并发表一些研究吗？奥特曼：是的，我们正在讨论。我个人认为，在这个问题上我们站错了队，需要想出一个不同的开源策略；不是OpenAI的每个人都持有这种观点，而且这也不是我们目前的最高优先级。再来一个问题弹：我们距离在常规Plus计划中提供Operator还有多远？机器人部门的首要目标是什么？OpenAI如何看待更专业的芯片/TPU，比如Trillium、Cerebras等？OpenAI是否在关注这方面？投资什么来对冲AGI和ASI未来的风险？你最难忘的假期是什么？奥特曼：几个月先小规模生产一个真正优秀的机器人，从中学习经验GB200目前很难被超越！一个好的选择是提升自己的内在状态——韧性、适应力、平静、快乐等很难选择！但首先想到的两个是：在东南亚背包旅行或者非洲野生动物园之旅Q：你是否计划对Plus系列产品进行提价？奥特曼：实际上我想逐渐减少。Q：假设现在是2030年，你们刚刚创造了一个大多数人会称之为AGI的系统。它在所有测试基准上都表现出色，而且在速度和性能上都超过了你们最优秀的工程师和研究人员。接下来怎么办？除了「把它放到网站上提供服务」之外，还有其他计划吗？奥特曼：在我看来，最重要的影响将是加速科学发现的速度，我认为这是对提高生活质量贡献最大的因素。4o图像生成，快来了接下来，补充的是其他OpenAI成员的回应。Q：你们还打算推出4o图像生成器吗？首席产品官Kevin Weil：是的！我们正在努力。而且我认为等待是值得的。Q：太好了！有大致的时间表吗？首席产品官Kevin Weil：你这是想让我惹麻烦啊。可能几个月吧。还有一个类似的问题。Q：我们什么时候可以看到ChatGPT-5？首席产品官Kevin Weil：就在o-17 micro和GPT-(π+1)之后不久。又是一个问题弹：我们还可以期待什么其他类型的智能体？也为免费用户提供一个智能体，这样可以加快采用率...关于新版DALL·E有什么更新吗？最后一个问题，也是每个人都会问的...AGI什么时候实现？首席产品官Kevin Weil：关于更多智能体：非常非常快就来了。我想你会满意的。基于4o的图像生成：大约几个月后，我迫不及待想让你们用上。它很棒。AGI：是的Q：你们是否计划在推理模型中添加文件附件功能？工程副总Srinivas Narayanan：正在开发中。未来推理模型将能够使用不同的工具，包括检索功能。首席产品官Kevin Weil：只是想说，我迫不及待想看到能使用工具的推理模型了 :)Q：真的。当你解决这个问题时，一些非常有用的AI应用场景就会被打开。想象一下，它能够理解你500GB的工作文档内容。当你准备回复一封邮件时，在你的邮件应用旁边会打开一个面板，持续分析与这个人相关的所有信息，包括你们的关系、讨论的主题、过去的工作等等。也许某个你早已遗忘的文档中的内容会被标记出来，因为它与当前的讨论非常相关。我太想要这个功能了。工程副总Srinivas Narayanan：我们正在努力增加上下文长度。还没有明确的日期/公告。Q：「星际之门」项目对于OpenAI未来来说，有多重要？首席产品官Kevin Weil：非常重要。我们所看到的一切都表明，我们拥有的计算能力越多，就能构建越好的模型，也就能制造出越有价值的产品。我们现在正在同时在两个维度上扩展模型——更大规模的预训练，以及更多的强化学习（RL）/「草莓」训练——这两者都需要计算资源。为数亿用户提供服务也需要计算资源！而且随着我们转向更多能持续为你工作的智能代理产品，这也需要计算资源。所以你可以把「星际之门」看作是我们的工厂，将电力/GPU转化为令人惊叹的产品的地方。Q：在内部，你们现在用的是哪个模型？o4、o5还是o6？与o3相比，这些内部模型的智能程度提高了多少？API研究负责人Michelle Pokrass：我们已经数不清了。Q：请允许我们在使用高级语音功能的同时与文本/画布进行交互。我希望能够对着它说话，让它对文档进行迭代修改。首席产品官Kevin Weil：是的！我们有很多不错的工具是相对独立开发的——目标是让这些工具尽快交到你手中。下一步是整合所有这些功能，这样你就可以与一个模型对话，它在搜索的同时进行推理，并生成一个可以运行Python的画布。所有工具都需要更好地协同工作。另外顺便说一下，所有模型都需要完整的工具使用能力（o系列模型目前还不能使用所有工具），这个也会实现的。Q：o系列模型什么时候会支持ChatGPT中的记忆功能？API研究负责人Michelle Pokrass：正在开发中！将我们所有的功能与o系列模型统一起来是我们的首要任务。Q：4o是否会有重大改进？我真的很喜欢自定义GPT，如果它能够升级就太棒了，或者如果我们能够在自定义GPT中选择使用什么模型（比如o3 mini）就更好了。API研究负责人Michelle Pokrass：是的，我们还没有完成4o系列！","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":477028461048072,"gmtCreate":1757468654140,"gmtModify":1757468656545,"author":{"id":"4198132281708462","authorId":"4198132281708462","name":"老虎我最凶","avatar":"https://community-static.tradeup.com/news/cea559f3cd03b229f43522cf0695b634","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198132281708462","idStr":"4198132281708462"},"themes":[],"htmlText":"Win win win&nbsp;","listText":"Win win win&nbsp;","text":"Win win win","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/477028461048072","repostId":"1141889500","repostType":2,"repost":{"id":"1141889500","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1757467855,"share":"https://ttm.financial/m/news/1141889500?lang=en_US&edition=fundamental","pubTime":"2025-09-10 09:30","market":"us","language":"zh","title":"National Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed","url":"https://stock-news.laohu8.com/highlight/detail?id=1141889500","media":"老虎资讯综合","summary":"二者共同导致CPI同比走低。食品价格同比下降4.3%，降幅比上月扩大2.7个百分点，对CPI同比的下拉影响比上月增加约0.51个百分点，高于CPI同比降幅。随着扩内需促消费政策持续显效，核心CPI同比涨幅连续第4个月扩大。PPI同比下降2.9%，降幅比上月收窄0.7个百分点，为今年3月份以来首次收窄。","content":"<p><html><head></head><body><p style=\"text-align: justify;\">In August 2025, the national consumer price fell by 0.4% year-on-year. Among them, cities decreased by 0.3% and rural areas decreased by 0.6%; Food prices fell by 4.3%, while non-food prices rose by 0.5%; The price of consumer goods decreased by 1.0%, while the price of services increased by 0.6%. On average from January to August, the national consumer price decreased by 0.1% compared with the same period of last year.</p><p><p style=\"text-align: justify;\">In August, the national consumer price was flat month-on-month. Among them, cities were flat and rural areas rose by 0.1%; Food prices rose by 0.5%, while non-food prices fell by 0.1%; Consumer goods prices rose 0.1%, while service prices were flat.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f34e14f2fd4155d4c66f07a181e6a90\" alt=\"\" title=\"\" tg-width=\"2198\" tg-height=\"1261\"/></p><p><p style=\"text-align: justify;\">In August 2025, the national industrial producer price fell by 2.9% year-on-year, the decline narrowed by 0.7 percentage points from the previous month, and the month-on-month decrease turned flat from a 0.2% decrease. The purchase price of industrial producers decreased by 4.0% year-on-year and remained flat month-on-month. On average from January to August, the ex-factory price of industrial producers decreased by 2.9% compared with the same period of last year, and the purchase price of industrial producers decreased by 3.3%.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3b00b5475e01e2e68ecd0fb871b5cb1\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6088b340978e2f21552c02431004b33c\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><h2 id=\"id_3575244132\" style=\"text-align: left;\">Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the CPI and PPI data for August 2025</h2>In August, the consumer market was generally stable. The consumer price index (CPI) was flat month-on-month, down 0.4% year-on-year. The core CPI excluding food and energy prices rose by 0.9% year-on-year, and the increase expanded for the fourth consecutive month. The competition order in the domestic market continues to be optimized, the supply and demand relationship in some industries has improved, and the industrial producer price index (PPI) has changed from a month-on-month decrease of 0.2% in the previous month to flat; It decreased by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month.</p><p><p style=\"text-align: justify;\"><strong>1. Core CPI continues to rise</strong></p><p><p style=\"text-align: justify;\"><strong>The CPI turned from flat to falling year-on-year, mainly due to the higher comparison base in the same period last year and the increase in food prices this month being lower than the seasonal level.</strong>From the perspective of hikes, the hikes impact of last year's price changes on this month's CPI was about-0.9 percentage points year-on-year, and the pull-down impact expanded by 0.4 percentage points from the previous month; Judging from the new price increase, this month's CPI was flat month-on-month, about 0.3 percentage points lower than the seasonal level. The two together led to a year-on-year decline in CPI.<strong>In terms of categories, food prices are mainly low.</strong>This month, food prices rose by 0.5% month-on-month, which was about 1.1 percentage points lower than the seasonal level. Among them, the price changes of pork, eggs and fresh fruits were all weaker than the seasonal level. Food prices fell by 4.3% year-on-year, an increase of 2.7 percentage points from the previous month. The year-on-year downward impact on CPI increased by about 0.51 percentage points from the previous month, which was higher than the year-on-year decline in CPI. Among them, the prices of pork, fresh vegetables and eggs decreased by 16.1%, 15.2% and 14.2% respectively year-on-year, and the decline was 6.6, 7.6 and 1.3 percentage points higher than that of the previous month, respectively. The price of fresh fruits changed from a 2.8% increase in the previous month to a decrease of 3.7% year-on-year. The downward impact of the above four items on CPI increased by about 0.47 percentage points compared with the previous month. Non-food prices rose by 0.5%, and the increase expanded for the third consecutive month, affecting the CPI to rise by about 0.43 percentage points year-on-year.</p><p><p style=\"text-align: justify;\"><strong>As the policy of expanding domestic demand and promoting consumption continues to take effect, the year-on-year increase of core CPI has expanded for the fourth consecutive month.</strong>This month, the core CPI excluding food and energy prices rose by 0.9% year-on-year, an increase of 0.1 percentage points from the previous month. Among them, the price of industrial consumer goods excluding energy rose by 1.5% year-on-year, an increase of 0.3 percentage points from the previous month. Among industrial consumer goods, the prices of gold jewelry and platinum jewelry increased by 36.7% and 29.8% year-on-year respectively, which together affected the CPI to increase by about 0.22 percentage points year-on-year; The year-on-year price increases of household appliances and entertainment durable consumer goods expanded to 4.6% and 2.4% respectively, which together affected the CPI to increase by about 0.09 percentage points year-on-year; The year-on-year decline in fuel car prices continued to narrow to 2.3%. The year-on-year increase in service prices has gradually expanded since March, rising by 0.6% this month, an increase of 0.1 percentage points over the previous month, affecting the CPI to increase by about 0.23 percentage points year-on-year. Among them, the prices of housekeeping services and hairdressing increased by 2.3% and 1.0% respectively year-on-year, and the increase was relatively stable; The prices of medical services and educational services increased by 1.6% and 1.2% year-on-year respectively, while the rental fees of transportation and tourism prices increased by 0.8% and 0.7% year-on-year respectively, and the increases both expanded.</p><p><p style=\"text-align: justify;\"><strong>2. The year-on-year decline in PPI narrowed</strong></p><p><p style=\"text-align: justify;\">PPI ended its eight consecutive months of downward trend month-on-month, turning flat from a 0.2% decline last month. The main features of the month-on-month changes in PPI this month:<strong>First, the improvement in the relationship between supply and demand has affected the prices of some energy and raw material industries from falling to rising month-on-month.</strong>The price of coal processing changed from a decrease of 4.7% last month to an increase of 9.7%, the price of coal mining and washing industry changed from a decrease of 1.5% to an increase of 2.8%, the price of ferrous metal smelting and rolling processing industry changed from a decrease of 0.3% to an increase of 1.9%, the price of glass manufacturing changed from a decrease of 1.5% to an increase of 0.1%, and the price of electric power and heat production and supply industry changed from a decrease of 0.9% to an increase of 0.1%.<strong>Second, imported factors affected the prices of domestic oil and some non-ferrous metal industries to fall month-on-month.</strong>International non-ferrous metal prices fluctuated at high levels. Domestic non-ferrous metal smelting and rolling processing industry prices rose by 0.2%, 0.6 percentage points lower than last month. Among them, gold smelting and aluminum smelting prices both rose by 0.2%, and copper smelting prices fell by 1.1%. The decline in international oil prices drove domestic oil exploitation and refined petroleum product manufacturing prices to drop by 1.4% and 0.6% respectively.</p><p><p style=\"text-align: justify;\">PPI fell by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month, the first narrowing since March this year. In addition to being affected by the lower comparison base in the same period last year, my country has stepped up the implementation of more active and promising macro policies, and prices in some industries have shown positive changes.<strong>First, the continuous optimization of the competition order in the domestic market has driven the year-on-year price decline in related industries to narrow.</strong>The construction of a unified national market has been advanced in depth, disorderly competition among enterprises has been governed, production capacity management in key industries has been carried out in an orderly manner, and the year-on-year price decline in related industries has narrowed. The year-on-year price declines in coal processing, ferrous metal smelting and rolling processing industry, coal mining and washing industry, photovoltaic equipment and component manufacturing, and new energy vehicle manufacturing narrowed by 10.3, 6.0, 3.2, and 2.8 respectively compared with the previous month. and 0.6 percentage points, the year-on-year pull-down impact on PPI decreased by about 0.50 percentage points compared with the previous month, which was the main reason for the narrowing of the year-on-year decline in PPI.<strong>Second, the steady growth of new development momentum has driven the prices of related industries to rebound year-on-year.</strong>Emerging industries have grown vigorously, technological innovation and industrial innovation have been deeply integrated, green development has improved quality and efficiency, and prices in related industries have rebounded year-on-year. The price of integrated circuit packaging and testing series increased by 1.1%, the manufacturing price of ships and related devices increased by 0.9%, the manufacturing price of communication system equipment increased by 0.3%, and the price of solid waste treatment equipment increased by 0.3%; The prices of electronic materials manufacturing and intelligent unmanned aerial vehicles manufacturing fell by 1.6% and 0.5% respectively from the previous month to the same level; The price decline of comprehensive utilization of waste resources narrowed by 5.4 percentage points.<strong>Third, the increase in consumer demand for upgrades has driven prices in some industries to rise year-on-year.</strong>The manufacturing price of arts and crafts and ceremonial articles increased by 13.0%, the manufacturing price of sports balls increased by 4.7%, the manufacturing price of Chinese musical instruments increased by 1.6%, the manufacturing price of nutritious food increased by 0.9%, the manufacturing price of special sports equipment and accessories increased by 0.4% and the manufacturing price of health food increased by 0.3%.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>National Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNational Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2025-09-10 09:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><p style=\"text-align: justify;\">In August 2025, the national consumer price fell by 0.4% year-on-year. Among them, cities decreased by 0.3% and rural areas decreased by 0.6%; Food prices fell by 4.3%, while non-food prices rose by 0.5%; The price of consumer goods decreased by 1.0%, while the price of services increased by 0.6%. On average from January to August, the national consumer price decreased by 0.1% compared with the same period of last year.</p><p><p style=\"text-align: justify;\">In August, the national consumer price was flat month-on-month. Among them, cities were flat and rural areas rose by 0.1%; Food prices rose by 0.5%, while non-food prices fell by 0.1%; Consumer goods prices rose 0.1%, while service prices were flat.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f34e14f2fd4155d4c66f07a181e6a90\" alt=\"\" title=\"\" tg-width=\"2198\" tg-height=\"1261\"/></p><p><p style=\"text-align: justify;\">In August 2025, the national industrial producer price fell by 2.9% year-on-year, the decline narrowed by 0.7 percentage points from the previous month, and the month-on-month decrease turned flat from a 0.2% decrease. The purchase price of industrial producers decreased by 4.0% year-on-year and remained flat month-on-month. On average from January to August, the ex-factory price of industrial producers decreased by 2.9% compared with the same period of last year, and the purchase price of industrial producers decreased by 3.3%.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3b00b5475e01e2e68ecd0fb871b5cb1\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6088b340978e2f21552c02431004b33c\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><h2 id=\"id_3575244132\" style=\"text-align: left;\">Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the CPI and PPI data for August 2025</h2>In August, the consumer market was generally stable. The consumer price index (CPI) was flat month-on-month, down 0.4% year-on-year. The core CPI excluding food and energy prices rose by 0.9% year-on-year, and the increase expanded for the fourth consecutive month. The competition order in the domestic market continues to be optimized, the supply and demand relationship in some industries has improved, and the industrial producer price index (PPI) has changed from a month-on-month decrease of 0.2% in the previous month to flat; It decreased by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month.</p><p><p style=\"text-align: justify;\"><strong>1. Core CPI continues to rise</strong></p><p><p style=\"text-align: justify;\"><strong>The CPI turned from flat to falling year-on-year, mainly due to the higher comparison base in the same period last year and the increase in food prices this month being lower than the seasonal level.</strong>From the perspective of hikes, the hikes impact of last year's price changes on this month's CPI was about-0.9 percentage points year-on-year, and the pull-down impact expanded by 0.4 percentage points from the previous month; Judging from the new price increase, this month's CPI was flat month-on-month, about 0.3 percentage points lower than the seasonal level. The two together led to a year-on-year decline in CPI.<strong>In terms of categories, food prices are mainly low.</strong>This month, food prices rose by 0.5% month-on-month, which was about 1.1 percentage points lower than the seasonal level. Among them, the price changes of pork, eggs and fresh fruits were all weaker than the seasonal level. Food prices fell by 4.3% year-on-year, an increase of 2.7 percentage points from the previous month. The year-on-year downward impact on CPI increased by about 0.51 percentage points from the previous month, which was higher than the year-on-year decline in CPI. Among them, the prices of pork, fresh vegetables and eggs decreased by 16.1%, 15.2% and 14.2% respectively year-on-year, and the decline was 6.6, 7.6 and 1.3 percentage points higher than that of the previous month, respectively. The price of fresh fruits changed from a 2.8% increase in the previous month to a decrease of 3.7% year-on-year. The downward impact of the above four items on CPI increased by about 0.47 percentage points compared with the previous month. Non-food prices rose by 0.5%, and the increase expanded for the third consecutive month, affecting the CPI to rise by about 0.43 percentage points year-on-year.</p><p><p style=\"text-align: justify;\"><strong>As the policy of expanding domestic demand and promoting consumption continues to take effect, the year-on-year increase of core CPI has expanded for the fourth consecutive month.</strong>This month, the core CPI excluding food and energy prices rose by 0.9% year-on-year, an increase of 0.1 percentage points from the previous month. Among them, the price of industrial consumer goods excluding energy rose by 1.5% year-on-year, an increase of 0.3 percentage points from the previous month. Among industrial consumer goods, the prices of gold jewelry and platinum jewelry increased by 36.7% and 29.8% year-on-year respectively, which together affected the CPI to increase by about 0.22 percentage points year-on-year; The year-on-year price increases of household appliances and entertainment durable consumer goods expanded to 4.6% and 2.4% respectively, which together affected the CPI to increase by about 0.09 percentage points year-on-year; The year-on-year decline in fuel car prices continued to narrow to 2.3%. The year-on-year increase in service prices has gradually expanded since March, rising by 0.6% this month, an increase of 0.1 percentage points over the previous month, affecting the CPI to increase by about 0.23 percentage points year-on-year. Among them, the prices of housekeeping services and hairdressing increased by 2.3% and 1.0% respectively year-on-year, and the increase was relatively stable; The prices of medical services and educational services increased by 1.6% and 1.2% year-on-year respectively, while the rental fees of transportation and tourism prices increased by 0.8% and 0.7% year-on-year respectively, and the increases both expanded.</p><p><p style=\"text-align: justify;\"><strong>2. The year-on-year decline in PPI narrowed</strong></p><p><p style=\"text-align: justify;\">PPI ended its eight consecutive months of downward trend month-on-month, turning flat from a 0.2% decline last month. The main features of the month-on-month changes in PPI this month:<strong>First, the improvement in the relationship between supply and demand has affected the prices of some energy and raw material industries from falling to rising month-on-month.</strong>The price of coal processing changed from a decrease of 4.7% last month to an increase of 9.7%, the price of coal mining and washing industry changed from a decrease of 1.5% to an increase of 2.8%, the price of ferrous metal smelting and rolling processing industry changed from a decrease of 0.3% to an increase of 1.9%, the price of glass manufacturing changed from a decrease of 1.5% to an increase of 0.1%, and the price of electric power and heat production and supply industry changed from a decrease of 0.9% to an increase of 0.1%.<strong>Second, imported factors affected the prices of domestic oil and some non-ferrous metal industries to fall month-on-month.</strong>International non-ferrous metal prices fluctuated at high levels. Domestic non-ferrous metal smelting and rolling processing industry prices rose by 0.2%, 0.6 percentage points lower than last month. Among them, gold smelting and aluminum smelting prices both rose by 0.2%, and copper smelting prices fell by 1.1%. The decline in international oil prices drove domestic oil exploitation and refined petroleum product manufacturing prices to drop by 1.4% and 0.6% respectively.</p><p><p style=\"text-align: justify;\">PPI fell by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month, the first narrowing since March this year. In addition to being affected by the lower comparison base in the same period last year, my country has stepped up the implementation of more active and promising macro policies, and prices in some industries have shown positive changes.<strong>First, the continuous optimization of the competition order in the domestic market has driven the year-on-year price decline in related industries to narrow.</strong>The construction of a unified national market has been advanced in depth, disorderly competition among enterprises has been governed, production capacity management in key industries has been carried out in an orderly manner, and the year-on-year price decline in related industries has narrowed. The year-on-year price declines in coal processing, ferrous metal smelting and rolling processing industry, coal mining and washing industry, photovoltaic equipment and component manufacturing, and new energy vehicle manufacturing narrowed by 10.3, 6.0, 3.2, and 2.8 respectively compared with the previous month. and 0.6 percentage points, the year-on-year pull-down impact on PPI decreased by about 0.50 percentage points compared with the previous month, which was the main reason for the narrowing of the year-on-year decline in PPI.<strong>Second, the steady growth of new development momentum has driven the prices of related industries to rebound year-on-year.</strong>Emerging industries have grown vigorously, technological innovation and industrial innovation have been deeply integrated, green development has improved quality and efficiency, and prices in related industries have rebounded year-on-year. The price of integrated circuit packaging and testing series increased by 1.1%, the manufacturing price of ships and related devices increased by 0.9%, the manufacturing price of communication system equipment increased by 0.3%, and the price of solid waste treatment equipment increased by 0.3%; The prices of electronic materials manufacturing and intelligent unmanned aerial vehicles manufacturing fell by 1.6% and 0.5% respectively from the previous month to the same level; The price decline of comprehensive utilization of waste resources narrowed by 5.4 percentage points.<strong>Third, the increase in consumer demand for upgrades has driven prices in some industries to rise year-on-year.</strong>The manufacturing price of arts and crafts and ceremonial articles increased by 13.0%, the manufacturing price of sports balls increased by 4.7%, the manufacturing price of Chinese musical instruments increased by 1.6%, the manufacturing price of nutritious food increased by 0.9%, the manufacturing price of special sports equipment and accessories increased by 0.4% and the manufacturing price of health food increased by 0.3%.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a8642475395bb363eacb86148917e7b","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141889500","content_text":"2025年8月份，全国居民消费价格同比下降0.4%。其中，城市下降0.3%，农村下降0.6%；食品价格下降4.3%，非食品价格上涨0.5%；消费品价格下降1.0%，服务价格上涨0.6%。1—8月平均，全国居民消费价格比上年同期下降0.1%。 8月份，全国居民消费价格环比持平。其中，城市持平，农村上涨0.1%；食品价格上涨0.5%，非食品价格下降0.1%；消费品价格上涨0.1%，服务价格持平。2025年8月份，全国工业生产者出厂价格同比下降2.9%，降幅比上月收窄0.7个百分点，环比由下降0.2%转为持平。工业生产者购进价格同比下降4.0%，环比持平。1—8月平均，工业生产者出厂价格比上年同期下降2.9%，工业生产者购进价格下降3.3%。国家统计局城市司首席统计师董莉娟解读2025年8月份CPI和PPI数据8月份，消费市场运行总体平稳，居民消费价格指数（CPI）环比持平，同比下降0.4%，扣除食品和能源价格的核心CPI同比上涨0.9%，涨幅连续第4个月扩大。国内市场竞争秩序持续优化，部分行业供需关系改善，工业生产者出厂价格指数（PPI）环比由上月下降0.2%转为持平；同比下降2.9%，降幅比上月收窄0.7个百分点。一、核心CPI继续回升CPI同比由平转降，主要是上年同期对比基数走高叠加本月食品价格涨幅低于季节性水平所致。从翘尾看，上年价格变动对本月CPI同比的翘尾影响约为-0.9个百分点，下拉影响比上月扩大0.4个百分点；从新涨价看，本月CPI环比持平，低于季节性水平约0.3个百分点。二者共同导致CPI同比走低。分类别看，主要是食品价格较低。本月食品价格环比上涨0.5%，涨幅低于季节性水平约1.1个百分点，其中猪肉、鸡蛋、鲜果价格变动均弱于季节性。食品价格同比下降4.3%，降幅比上月扩大2.7个百分点，对CPI同比的下拉影响比上月增加约0.51个百分点，高于CPI同比降幅。其中，猪肉、鲜菜和鸡蛋价格同比分别下降16.1%、15.2%和14.2%，降幅比上月分别扩大6.6个、7.6个和1.3个百分点，鲜果价格同比由上月上涨2.8%转为下降3.7%，上述四项对CPI同比的下拉影响比上月增加约0.47个百分点。非食品价格上涨0.5%，涨幅连续第3个月扩大，影响CPI同比上涨约0.43个百分点。随着扩内需促消费政策持续显效，核心CPI同比涨幅连续第4个月扩大。本月扣除食品和能源价格的核心CPI同比上涨0.9%，涨幅比上月扩大0.1个百分点。其中，扣除能源的工业消费品价格同比上涨1.5%，涨幅比上月扩大0.3个百分点。工业消费品中，金饰品和铂金饰品价格同比分别上涨36.7%和29.8%，合计影响CPI同比上涨约0.22个百分点；家用器具和文娱耐用消费品价格同比涨幅分别扩大至4.6%和2.4%，合计影响CPI同比上涨约0.09个百分点；燃油小汽车价格同比降幅继续收窄至2.3%。服务价格同比涨幅自3月份起逐步扩大，本月上涨0.6%，涨幅比上月扩大0.1个百分点，影响CPI同比上涨约0.23个百分点。其中，家政服务和美发价格同比分别上涨2.3%和1.0%，涨幅较为稳定；医疗服务和教育服务价格同比分别上涨1.6%和1.2%，交通工具租赁费和旅游价格同比分别上涨0.8%和0.7%，涨幅均有扩大。二、PPI同比降幅收窄PPI环比结束连续8个月下行态势，由上月下降0.2%转为持平。本月PPI环比变动的主要特点：一是供需关系改善影响部分能源和原材料行业价格环比由降转涨。煤炭加工价格由上月下降4.7%转为上涨9.7%，煤炭开采和洗选业价格由下降1.5%转为上涨2.8%，黑色金属冶炼和压延加工业价格由下降0.3%转为上涨1.9%，玻璃制造价格由下降1.5%转为上涨0.1%，电力热力生产和供应业价格由下降0.9%转为上涨0.1%。二是输入性因素影响国内石油和部分有色金属行业价格环比回落。国际有色金属价格高位震荡，国内有色金属冶炼和压延加工业价格上涨0.2%，涨幅比上月回落0.6个百分点，其中金冶炼、铝冶炼价格均上涨0.2%，铜冶炼价格下降1.1%。国际油价下行带动国内石油开采、精炼石油产品制造价格分别下降1.4%和0.6%。PPI同比下降2.9%，降幅比上月收窄0.7个百分点，为今年3月份以来首次收窄。除受上年同期对比基数走低影响外，我国加紧实施更加积极有为的宏观政策，一些行业价格呈现积极变化。一是国内市场竞争秩序持续优化带动相关行业价格同比降幅收窄。全国统一大市场建设纵深推进，企业无序竞争得到治理、重点行业产能治理有序开展，相关行业价格同比降幅收窄。煤炭加工、黑色金属冶炼和压延加工业、煤炭开采和洗选业、光伏设备及元器件制造、新能源车整车制造价格同比降幅比上月分别收窄10.3个、6.0个、3.2个、2.8个和0.6个百分点，对PPI同比的下拉影响比上月减少约0.50个百分点，是PPI同比降幅收窄的主要原因。二是发展新动能稳步成长带动相关行业价格同比回升。新兴产业茁壮成长、科技创新和产业创新深度融合、绿色发展提质增效，相关行业价格同比有所回升。集成电路封装测试系列价格上涨1.1%，船舶及相关装置制造价格上涨0.9%，通信系统设备制造价格上涨0.3%，固体废弃物处理设备价格上涨0.3%；电子专用材料制造、智能无人飞行器制造价格分别由上月下降1.6%和0.5%转为持平；废弃资源综合利用业价格降幅收窄5.4个百分点。三是升级类消费需求增加拉动部分行业价格同比上涨。工艺美术及礼仪用品制造价格上涨13.0%，运动用球类制造价格上涨4.7%，中乐器制造价格上涨1.6%，营养食品制造价格上涨0.9%，专项运动器材及配件制造价格上涨0.4%，保健食品制造价格上涨0.3%。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":534,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":477027578634456,"gmtCreate":1757468191951,"gmtModify":1757468195796,"author":{"id":"4198132281708462","authorId":"4198132281708462","name":"老虎我最凶","avatar":"https://community-static.tradeup.com/news/cea559f3cd03b229f43522cf0695b634","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198132281708462","idStr":"4198132281708462"},"themes":[],"htmlText":"Win win win&nbsp;","listText":"Win win win&nbsp;","text":"Win win win","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/477027578634456","repostId":"1141889500","repostType":2,"repost":{"id":"1141889500","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1757467855,"share":"https://ttm.financial/m/news/1141889500?lang=en_US&edition=fundamental","pubTime":"2025-09-10 09:30","market":"us","language":"zh","title":"National Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed","url":"https://stock-news.laohu8.com/highlight/detail?id=1141889500","media":"老虎资讯综合","summary":"二者共同导致CPI同比走低。食品价格同比下降4.3%，降幅比上月扩大2.7个百分点，对CPI同比的下拉影响比上月增加约0.51个百分点，高于CPI同比降幅。随着扩内需促消费政策持续显效，核心CPI同比涨幅连续第4个月扩大。PPI同比下降2.9%，降幅比上月收窄0.7个百分点，为今年3月份以来首次收窄。","content":"<p><html><head></head><body><p style=\"text-align: justify;\">In August 2025, the national consumer price fell by 0.4% year-on-year. Among them, cities decreased by 0.3% and rural areas decreased by 0.6%; Food prices fell by 4.3%, while non-food prices rose by 0.5%; The price of consumer goods decreased by 1.0%, while the price of services increased by 0.6%. On average from January to August, the national consumer price decreased by 0.1% compared with the same period of last year.</p><p><p style=\"text-align: justify;\">In August, the national consumer price was flat month-on-month. Among them, cities were flat and rural areas rose by 0.1%; Food prices rose by 0.5%, while non-food prices fell by 0.1%; Consumer goods prices rose 0.1%, while service prices were flat.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f34e14f2fd4155d4c66f07a181e6a90\" alt=\"\" title=\"\" tg-width=\"2198\" tg-height=\"1261\"/></p><p><p style=\"text-align: justify;\">In August 2025, the national industrial producer price fell by 2.9% year-on-year, the decline narrowed by 0.7 percentage points from the previous month, and the month-on-month decrease turned flat from a 0.2% decrease. The purchase price of industrial producers decreased by 4.0% year-on-year and remained flat month-on-month. On average from January to August, the ex-factory price of industrial producers decreased by 2.9% compared with the same period of last year, and the purchase price of industrial producers decreased by 3.3%.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3b00b5475e01e2e68ecd0fb871b5cb1\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6088b340978e2f21552c02431004b33c\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><h2 id=\"id_3575244132\" style=\"text-align: left;\">Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the CPI and PPI data for August 2025</h2>In August, the consumer market was generally stable. The consumer price index (CPI) was flat month-on-month, down 0.4% year-on-year. The core CPI excluding food and energy prices rose by 0.9% year-on-year, and the increase expanded for the fourth consecutive month. The competition order in the domestic market continues to be optimized, the supply and demand relationship in some industries has improved, and the industrial producer price index (PPI) has changed from a month-on-month decrease of 0.2% in the previous month to flat; It decreased by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month.</p><p><p style=\"text-align: justify;\"><strong>1. Core CPI continues to rise</strong></p><p><p style=\"text-align: justify;\"><strong>The CPI turned from flat to falling year-on-year, mainly due to the higher comparison base in the same period last year and the increase in food prices this month being lower than the seasonal level.</strong>From the perspective of hikes, the hikes impact of last year's price changes on this month's CPI was about-0.9 percentage points year-on-year, and the pull-down impact expanded by 0.4 percentage points from the previous month; Judging from the new price increase, this month's CPI was flat month-on-month, about 0.3 percentage points lower than the seasonal level. The two together led to a year-on-year decline in CPI.<strong>In terms of categories, food prices are mainly low.</strong>This month, food prices rose by 0.5% month-on-month, which was about 1.1 percentage points lower than the seasonal level. Among them, the price changes of pork, eggs and fresh fruits were all weaker than the seasonal level. Food prices fell by 4.3% year-on-year, an increase of 2.7 percentage points from the previous month. The year-on-year downward impact on CPI increased by about 0.51 percentage points from the previous month, which was higher than the year-on-year decline in CPI. Among them, the prices of pork, fresh vegetables and eggs decreased by 16.1%, 15.2% and 14.2% respectively year-on-year, and the decline was 6.6, 7.6 and 1.3 percentage points higher than that of the previous month, respectively. The price of fresh fruits changed from a 2.8% increase in the previous month to a decrease of 3.7% year-on-year. The downward impact of the above four items on CPI increased by about 0.47 percentage points compared with the previous month. Non-food prices rose by 0.5%, and the increase expanded for the third consecutive month, affecting the CPI to rise by about 0.43 percentage points year-on-year.</p><p><p style=\"text-align: justify;\"><strong>As the policy of expanding domestic demand and promoting consumption continues to take effect, the year-on-year increase of core CPI has expanded for the fourth consecutive month.</strong>This month, the core CPI excluding food and energy prices rose by 0.9% year-on-year, an increase of 0.1 percentage points from the previous month. Among them, the price of industrial consumer goods excluding energy rose by 1.5% year-on-year, an increase of 0.3 percentage points from the previous month. Among industrial consumer goods, the prices of gold jewelry and platinum jewelry increased by 36.7% and 29.8% year-on-year respectively, which together affected the CPI to increase by about 0.22 percentage points year-on-year; The year-on-year price increases of household appliances and entertainment durable consumer goods expanded to 4.6% and 2.4% respectively, which together affected the CPI to increase by about 0.09 percentage points year-on-year; The year-on-year decline in fuel car prices continued to narrow to 2.3%. The year-on-year increase in service prices has gradually expanded since March, rising by 0.6% this month, an increase of 0.1 percentage points over the previous month, affecting the CPI to increase by about 0.23 percentage points year-on-year. Among them, the prices of housekeeping services and hairdressing increased by 2.3% and 1.0% respectively year-on-year, and the increase was relatively stable; The prices of medical services and educational services increased by 1.6% and 1.2% year-on-year respectively, while the rental fees of transportation and tourism prices increased by 0.8% and 0.7% year-on-year respectively, and the increases both expanded.</p><p><p style=\"text-align: justify;\"><strong>2. The year-on-year decline in PPI narrowed</strong></p><p><p style=\"text-align: justify;\">PPI ended its eight consecutive months of downward trend month-on-month, turning flat from a 0.2% decline last month. The main features of the month-on-month changes in PPI this month:<strong>First, the improvement in the relationship between supply and demand has affected the prices of some energy and raw material industries from falling to rising month-on-month.</strong>The price of coal processing changed from a decrease of 4.7% last month to an increase of 9.7%, the price of coal mining and washing industry changed from a decrease of 1.5% to an increase of 2.8%, the price of ferrous metal smelting and rolling processing industry changed from a decrease of 0.3% to an increase of 1.9%, the price of glass manufacturing changed from a decrease of 1.5% to an increase of 0.1%, and the price of electric power and heat production and supply industry changed from a decrease of 0.9% to an increase of 0.1%.<strong>Second, imported factors affected the prices of domestic oil and some non-ferrous metal industries to fall month-on-month.</strong>International non-ferrous metal prices fluctuated at high levels. Domestic non-ferrous metal smelting and rolling processing industry prices rose by 0.2%, 0.6 percentage points lower than last month. Among them, gold smelting and aluminum smelting prices both rose by 0.2%, and copper smelting prices fell by 1.1%. The decline in international oil prices drove domestic oil exploitation and refined petroleum product manufacturing prices to drop by 1.4% and 0.6% respectively.</p><p><p style=\"text-align: justify;\">PPI fell by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month, the first narrowing since March this year. In addition to being affected by the lower comparison base in the same period last year, my country has stepped up the implementation of more active and promising macro policies, and prices in some industries have shown positive changes.<strong>First, the continuous optimization of the competition order in the domestic market has driven the year-on-year price decline in related industries to narrow.</strong>The construction of a unified national market has been advanced in depth, disorderly competition among enterprises has been governed, production capacity management in key industries has been carried out in an orderly manner, and the year-on-year price decline in related industries has narrowed. The year-on-year price declines in coal processing, ferrous metal smelting and rolling processing industry, coal mining and washing industry, photovoltaic equipment and component manufacturing, and new energy vehicle manufacturing narrowed by 10.3, 6.0, 3.2, and 2.8 respectively compared with the previous month. and 0.6 percentage points, the year-on-year pull-down impact on PPI decreased by about 0.50 percentage points compared with the previous month, which was the main reason for the narrowing of the year-on-year decline in PPI.<strong>Second, the steady growth of new development momentum has driven the prices of related industries to rebound year-on-year.</strong>Emerging industries have grown vigorously, technological innovation and industrial innovation have been deeply integrated, green development has improved quality and efficiency, and prices in related industries have rebounded year-on-year. The price of integrated circuit packaging and testing series increased by 1.1%, the manufacturing price of ships and related devices increased by 0.9%, the manufacturing price of communication system equipment increased by 0.3%, and the price of solid waste treatment equipment increased by 0.3%; The prices of electronic materials manufacturing and intelligent unmanned aerial vehicles manufacturing fell by 1.6% and 0.5% respectively from the previous month to the same level; The price decline of comprehensive utilization of waste resources narrowed by 5.4 percentage points.<strong>Third, the increase in consumer demand for upgrades has driven prices in some industries to rise year-on-year.</strong>The manufacturing price of arts and crafts and ceremonial articles increased by 13.0%, the manufacturing price of sports balls increased by 4.7%, the manufacturing price of Chinese musical instruments increased by 1.6%, the manufacturing price of nutritious food increased by 0.9%, the manufacturing price of special sports equipment and accessories increased by 0.4% and the manufacturing price of health food increased by 0.3%.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>National Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNational Bureau of Statistics: Core CPI continued to rise in August, and the year-on-year decline in PPI narrowed\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2025-09-10 09:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><p style=\"text-align: justify;\">In August 2025, the national consumer price fell by 0.4% year-on-year. Among them, cities decreased by 0.3% and rural areas decreased by 0.6%; Food prices fell by 4.3%, while non-food prices rose by 0.5%; The price of consumer goods decreased by 1.0%, while the price of services increased by 0.6%. On average from January to August, the national consumer price decreased by 0.1% compared with the same period of last year.</p><p><p style=\"text-align: justify;\">In August, the national consumer price was flat month-on-month. Among them, cities were flat and rural areas rose by 0.1%; Food prices rose by 0.5%, while non-food prices fell by 0.1%; Consumer goods prices rose 0.1%, while service prices were flat.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f34e14f2fd4155d4c66f07a181e6a90\" alt=\"\" title=\"\" tg-width=\"2198\" tg-height=\"1261\"/></p><p><p style=\"text-align: justify;\">In August 2025, the national industrial producer price fell by 2.9% year-on-year, the decline narrowed by 0.7 percentage points from the previous month, and the month-on-month decrease turned flat from a 0.2% decrease. The purchase price of industrial producers decreased by 4.0% year-on-year and remained flat month-on-month. On average from January to August, the ex-factory price of industrial producers decreased by 2.9% compared with the same period of last year, and the purchase price of industrial producers decreased by 3.3%.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3b00b5475e01e2e68ecd0fb871b5cb1\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6088b340978e2f21552c02431004b33c\" alt=\"\" title=\"\" tg-width=\"2210\" tg-height=\"1060\"/></p><p><h2 id=\"id_3575244132\" style=\"text-align: left;\">Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the CPI and PPI data for August 2025</h2>In August, the consumer market was generally stable. The consumer price index (CPI) was flat month-on-month, down 0.4% year-on-year. The core CPI excluding food and energy prices rose by 0.9% year-on-year, and the increase expanded for the fourth consecutive month. The competition order in the domestic market continues to be optimized, the supply and demand relationship in some industries has improved, and the industrial producer price index (PPI) has changed from a month-on-month decrease of 0.2% in the previous month to flat; It decreased by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month.</p><p><p style=\"text-align: justify;\"><strong>1. Core CPI continues to rise</strong></p><p><p style=\"text-align: justify;\"><strong>The CPI turned from flat to falling year-on-year, mainly due to the higher comparison base in the same period last year and the increase in food prices this month being lower than the seasonal level.</strong>From the perspective of hikes, the hikes impact of last year's price changes on this month's CPI was about-0.9 percentage points year-on-year, and the pull-down impact expanded by 0.4 percentage points from the previous month; Judging from the new price increase, this month's CPI was flat month-on-month, about 0.3 percentage points lower than the seasonal level. The two together led to a year-on-year decline in CPI.<strong>In terms of categories, food prices are mainly low.</strong>This month, food prices rose by 0.5% month-on-month, which was about 1.1 percentage points lower than the seasonal level. Among them, the price changes of pork, eggs and fresh fruits were all weaker than the seasonal level. Food prices fell by 4.3% year-on-year, an increase of 2.7 percentage points from the previous month. The year-on-year downward impact on CPI increased by about 0.51 percentage points from the previous month, which was higher than the year-on-year decline in CPI. Among them, the prices of pork, fresh vegetables and eggs decreased by 16.1%, 15.2% and 14.2% respectively year-on-year, and the decline was 6.6, 7.6 and 1.3 percentage points higher than that of the previous month, respectively. The price of fresh fruits changed from a 2.8% increase in the previous month to a decrease of 3.7% year-on-year. The downward impact of the above four items on CPI increased by about 0.47 percentage points compared with the previous month. Non-food prices rose by 0.5%, and the increase expanded for the third consecutive month, affecting the CPI to rise by about 0.43 percentage points year-on-year.</p><p><p style=\"text-align: justify;\"><strong>As the policy of expanding domestic demand and promoting consumption continues to take effect, the year-on-year increase of core CPI has expanded for the fourth consecutive month.</strong>This month, the core CPI excluding food and energy prices rose by 0.9% year-on-year, an increase of 0.1 percentage points from the previous month. Among them, the price of industrial consumer goods excluding energy rose by 1.5% year-on-year, an increase of 0.3 percentage points from the previous month. Among industrial consumer goods, the prices of gold jewelry and platinum jewelry increased by 36.7% and 29.8% year-on-year respectively, which together affected the CPI to increase by about 0.22 percentage points year-on-year; The year-on-year price increases of household appliances and entertainment durable consumer goods expanded to 4.6% and 2.4% respectively, which together affected the CPI to increase by about 0.09 percentage points year-on-year; The year-on-year decline in fuel car prices continued to narrow to 2.3%. The year-on-year increase in service prices has gradually expanded since March, rising by 0.6% this month, an increase of 0.1 percentage points over the previous month, affecting the CPI to increase by about 0.23 percentage points year-on-year. Among them, the prices of housekeeping services and hairdressing increased by 2.3% and 1.0% respectively year-on-year, and the increase was relatively stable; The prices of medical services and educational services increased by 1.6% and 1.2% year-on-year respectively, while the rental fees of transportation and tourism prices increased by 0.8% and 0.7% year-on-year respectively, and the increases both expanded.</p><p><p style=\"text-align: justify;\"><strong>2. The year-on-year decline in PPI narrowed</strong></p><p><p style=\"text-align: justify;\">PPI ended its eight consecutive months of downward trend month-on-month, turning flat from a 0.2% decline last month. The main features of the month-on-month changes in PPI this month:<strong>First, the improvement in the relationship between supply and demand has affected the prices of some energy and raw material industries from falling to rising month-on-month.</strong>The price of coal processing changed from a decrease of 4.7% last month to an increase of 9.7%, the price of coal mining and washing industry changed from a decrease of 1.5% to an increase of 2.8%, the price of ferrous metal smelting and rolling processing industry changed from a decrease of 0.3% to an increase of 1.9%, the price of glass manufacturing changed from a decrease of 1.5% to an increase of 0.1%, and the price of electric power and heat production and supply industry changed from a decrease of 0.9% to an increase of 0.1%.<strong>Second, imported factors affected the prices of domestic oil and some non-ferrous metal industries to fall month-on-month.</strong>International non-ferrous metal prices fluctuated at high levels. Domestic non-ferrous metal smelting and rolling processing industry prices rose by 0.2%, 0.6 percentage points lower than last month. Among them, gold smelting and aluminum smelting prices both rose by 0.2%, and copper smelting prices fell by 1.1%. The decline in international oil prices drove domestic oil exploitation and refined petroleum product manufacturing prices to drop by 1.4% and 0.6% respectively.</p><p><p style=\"text-align: justify;\">PPI fell by 2.9% year-on-year, and the decline narrowed by 0.7 percentage points from the previous month, the first narrowing since March this year. In addition to being affected by the lower comparison base in the same period last year, my country has stepped up the implementation of more active and promising macro policies, and prices in some industries have shown positive changes.<strong>First, the continuous optimization of the competition order in the domestic market has driven the year-on-year price decline in related industries to narrow.</strong>The construction of a unified national market has been advanced in depth, disorderly competition among enterprises has been governed, production capacity management in key industries has been carried out in an orderly manner, and the year-on-year price decline in related industries has narrowed. The year-on-year price declines in coal processing, ferrous metal smelting and rolling processing industry, coal mining and washing industry, photovoltaic equipment and component manufacturing, and new energy vehicle manufacturing narrowed by 10.3, 6.0, 3.2, and 2.8 respectively compared with the previous month. and 0.6 percentage points, the year-on-year pull-down impact on PPI decreased by about 0.50 percentage points compared with the previous month, which was the main reason for the narrowing of the year-on-year decline in PPI.<strong>Second, the steady growth of new development momentum has driven the prices of related industries to rebound year-on-year.</strong>Emerging industries have grown vigorously, technological innovation and industrial innovation have been deeply integrated, green development has improved quality and efficiency, and prices in related industries have rebounded year-on-year. The price of integrated circuit packaging and testing series increased by 1.1%, the manufacturing price of ships and related devices increased by 0.9%, the manufacturing price of communication system equipment increased by 0.3%, and the price of solid waste treatment equipment increased by 0.3%; The prices of electronic materials manufacturing and intelligent unmanned aerial vehicles manufacturing fell by 1.6% and 0.5% respectively from the previous month to the same level; The price decline of comprehensive utilization of waste resources narrowed by 5.4 percentage points.<strong>Third, the increase in consumer demand for upgrades has driven prices in some industries to rise year-on-year.</strong>The manufacturing price of arts and crafts and ceremonial articles increased by 13.0%, the manufacturing price of sports balls increased by 4.7%, the manufacturing price of Chinese musical instruments increased by 1.6%, the manufacturing price of nutritious food increased by 0.9%, the manufacturing price of special sports equipment and accessories increased by 0.4% and the manufacturing price of health food increased by 0.3%.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a8642475395bb363eacb86148917e7b","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141889500","content_text":"2025年8月份，全国居民消费价格同比下降0.4%。其中，城市下降0.3%，农村下降0.6%；食品价格下降4.3%，非食品价格上涨0.5%；消费品价格下降1.0%，服务价格上涨0.6%。1—8月平均，全国居民消费价格比上年同期下降0.1%。 8月份，全国居民消费价格环比持平。其中，城市持平，农村上涨0.1%；食品价格上涨0.5%，非食品价格下降0.1%；消费品价格上涨0.1%，服务价格持平。2025年8月份，全国工业生产者出厂价格同比下降2.9%，降幅比上月收窄0.7个百分点，环比由下降0.2%转为持平。工业生产者购进价格同比下降4.0%，环比持平。1—8月平均，工业生产者出厂价格比上年同期下降2.9%，工业生产者购进价格下降3.3%。国家统计局城市司首席统计师董莉娟解读2025年8月份CPI和PPI数据8月份，消费市场运行总体平稳，居民消费价格指数（CPI）环比持平，同比下降0.4%，扣除食品和能源价格的核心CPI同比上涨0.9%，涨幅连续第4个月扩大。国内市场竞争秩序持续优化，部分行业供需关系改善，工业生产者出厂价格指数（PPI）环比由上月下降0.2%转为持平；同比下降2.9%，降幅比上月收窄0.7个百分点。一、核心CPI继续回升CPI同比由平转降，主要是上年同期对比基数走高叠加本月食品价格涨幅低于季节性水平所致。从翘尾看，上年价格变动对本月CPI同比的翘尾影响约为-0.9个百分点，下拉影响比上月扩大0.4个百分点；从新涨价看，本月CPI环比持平，低于季节性水平约0.3个百分点。二者共同导致CPI同比走低。分类别看，主要是食品价格较低。本月食品价格环比上涨0.5%，涨幅低于季节性水平约1.1个百分点，其中猪肉、鸡蛋、鲜果价格变动均弱于季节性。食品价格同比下降4.3%，降幅比上月扩大2.7个百分点，对CPI同比的下拉影响比上月增加约0.51个百分点，高于CPI同比降幅。其中，猪肉、鲜菜和鸡蛋价格同比分别下降16.1%、15.2%和14.2%，降幅比上月分别扩大6.6个、7.6个和1.3个百分点，鲜果价格同比由上月上涨2.8%转为下降3.7%，上述四项对CPI同比的下拉影响比上月增加约0.47个百分点。非食品价格上涨0.5%，涨幅连续第3个月扩大，影响CPI同比上涨约0.43个百分点。随着扩内需促消费政策持续显效，核心CPI同比涨幅连续第4个月扩大。本月扣除食品和能源价格的核心CPI同比上涨0.9%，涨幅比上月扩大0.1个百分点。其中，扣除能源的工业消费品价格同比上涨1.5%，涨幅比上月扩大0.3个百分点。工业消费品中，金饰品和铂金饰品价格同比分别上涨36.7%和29.8%，合计影响CPI同比上涨约0.22个百分点；家用器具和文娱耐用消费品价格同比涨幅分别扩大至4.6%和2.4%，合计影响CPI同比上涨约0.09个百分点；燃油小汽车价格同比降幅继续收窄至2.3%。服务价格同比涨幅自3月份起逐步扩大，本月上涨0.6%，涨幅比上月扩大0.1个百分点，影响CPI同比上涨约0.23个百分点。其中，家政服务和美发价格同比分别上涨2.3%和1.0%，涨幅较为稳定；医疗服务和教育服务价格同比分别上涨1.6%和1.2%，交通工具租赁费和旅游价格同比分别上涨0.8%和0.7%，涨幅均有扩大。二、PPI同比降幅收窄PPI环比结束连续8个月下行态势，由上月下降0.2%转为持平。本月PPI环比变动的主要特点：一是供需关系改善影响部分能源和原材料行业价格环比由降转涨。煤炭加工价格由上月下降4.7%转为上涨9.7%，煤炭开采和洗选业价格由下降1.5%转为上涨2.8%，黑色金属冶炼和压延加工业价格由下降0.3%转为上涨1.9%，玻璃制造价格由下降1.5%转为上涨0.1%，电力热力生产和供应业价格由下降0.9%转为上涨0.1%。二是输入性因素影响国内石油和部分有色金属行业价格环比回落。国际有色金属价格高位震荡，国内有色金属冶炼和压延加工业价格上涨0.2%，涨幅比上月回落0.6个百分点，其中金冶炼、铝冶炼价格均上涨0.2%，铜冶炼价格下降1.1%。国际油价下行带动国内石油开采、精炼石油产品制造价格分别下降1.4%和0.6%。PPI同比下降2.9%，降幅比上月收窄0.7个百分点，为今年3月份以来首次收窄。除受上年同期对比基数走低影响外，我国加紧实施更加积极有为的宏观政策，一些行业价格呈现积极变化。一是国内市场竞争秩序持续优化带动相关行业价格同比降幅收窄。全国统一大市场建设纵深推进，企业无序竞争得到治理、重点行业产能治理有序开展，相关行业价格同比降幅收窄。煤炭加工、黑色金属冶炼和压延加工业、煤炭开采和洗选业、光伏设备及元器件制造、新能源车整车制造价格同比降幅比上月分别收窄10.3个、6.0个、3.2个、2.8个和0.6个百分点，对PPI同比的下拉影响比上月减少约0.50个百分点，是PPI同比降幅收窄的主要原因。二是发展新动能稳步成长带动相关行业价格同比回升。新兴产业茁壮成长、科技创新和产业创新深度融合、绿色发展提质增效，相关行业价格同比有所回升。集成电路封装测试系列价格上涨1.1%，船舶及相关装置制造价格上涨0.9%，通信系统设备制造价格上涨0.3%，固体废弃物处理设备价格上涨0.3%；电子专用材料制造、智能无人飞行器制造价格分别由上月下降1.6%和0.5%转为持平；废弃资源综合利用业价格降幅收窄5.4个百分点。三是升级类消费需求增加拉动部分行业价格同比上涨。工艺美术及礼仪用品制造价格上涨13.0%，运动用球类制造价格上涨4.7%，中乐器制造价格上涨1.6%，营养食品制造价格上涨0.9%，专项运动器材及配件制造价格上涨0.4%，保健食品制造价格上涨0.3%。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":398776793673920,"gmtCreate":1738382646956,"gmtModify":1738382650443,"author":{"id":"4198132281708462","authorId":"4198132281708462","name":"老虎我最凶","avatar":"https://community-static.tradeup.com/news/cea559f3cd03b229f43522cf0695b634","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4198132281708462","idStr":"4198132281708462"},"themes":[],"htmlText":"double win！","listText":"double win！","text":"double win！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/398776793673920","repostId":"1120077738","repostType":2,"repost":{"id":"1120077738","kind":"news","pubTimestamp":1738381392,"share":"https://ttm.financial/m/news/1120077738?lang=en_US&edition=fundamental","pubTime":"2025-02-01 11:43","market":"us","language":"zh","title":"Ultraman's \"confession\": He stood on the wrong side on open source AI! DeepSeek makes OpenAI no longer advantageous","url":"https://stock-news.laohu8.com/highlight/detail?id=1120077738","media":"新智元","summary":"下一个是GPT-5。","content":"<p><html><head></head><body>While everyone was still marveling at the amazing strength of DeepSeek, OpenAI finally couldn't sit still.</p><p>In the early morning of last night, o3-mini was launched urgently, refreshing SOTA in benchmark tests such as mathematical code and returning to the throne.</p><p>Most importantly, free users can also experience it!</p><p>The strength of o3-mini is not boasting. In the last human exam, o3-mini (high) was the best in terms of accuracy and Calibration Error (Calibration Error).</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c22b9ec8914751bc5abe6021c200f9a\" title=\"\" tg-width=\"1080\" tg-height=\"1020\"/></p><p>A few hours after the launch of o3-mini, OpenAI officially launched an online Q&A on Reddit AMA for about an hour.</p><p>Altman himself also went online and answered all the questions of netizens.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b529a27074e998944972eca3a1e5b0b7\" title=\"\" tg-width=\"1080\" tg-height=\"832\"/></p><p>The main highlights are:</p><p><ul style=\"list-style-type: disc;\"><li>DeepSeek is really good, and we will continue to develop better models, but the lead will not be as big as before</p><p></li><li>I am more inclined now than I was a few years ago to think that AI may be advancing rapidly</p><p></li><li>On the issue of open source weighted AI models, we are on the wrong side</p><p></li><li>The advanced voice mode is about to receive an update. We will directly call it GPT-5 instead of GPT-5o. There is no specific timetable yet.</p><p></li></ul>In addition to Altman himself, Chief Research Officer Mark Chen, Chief Product Officer Kevin Weil, Vice President of Engineering Srinivas Narayanan, Head of API Research Michelle Pokrass, and Head of Research Hongyu Ren were also online and seriously answered all questions from netizens.</p><p>Next, let's take a look at what they all said together.</p><p><strong>Ultraman deeply repents that he was on the wrong side on open source AI</strong></p><p>DeepSeek's sudden counterattack may not be expected by everyone.</p><p>In the AMA Q&A, Ultraman himself also deeply repented that he was on the wrong side on open source AI, and had to admit the strong advantages of DeepSeek.</p><p>To the amazement of many people, Ultraman actually said that OpenAI's lead is not as good as before.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a555c5dee2ce12ce297456a37aeb64b9\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"316\"/></p><p>All the following are our classic answers from Altman.</p><p><strong>Q: Let's talk about this week's big topic: Deepseek. Obviously this is a very impressive model, and I also know that it may have been trained on the output of other LLMs. How will this change your plans for future models?</strong></p><p>Altman: It is a very good model indeed! We will develop better models, but we won't maintain as big a lead as we have in previous years.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30050f5f20ed6d7c0bb40a1780d02d5b\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"550\"/></p><p><strong>Q: Do you think recursive self-improvement will be a gradual process or a sudden take-off process?</strong></p><p>Altman: Personally, I think that I am more inclined to think that AI may develop rapidly than a few years ago. It may be time to write something on this topic...</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f68199e96b99c46e8b299a9d90eae294\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"463\"/></p><p><strong>Q: Can we see all the tokens thought about by the model?</strong></p><p>Altman: Yeah, we'll show a more helpful and detailed version soon. Thanks to R1 for the updated information.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72407471b6a5ff25832883af26985910\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"400\"/></p><p>Kevin Weil, Chief Product Officer: We're trying to present more than we have now-that will happen soon. As for whether to show everything is yet to be determined, showing all chains of thought (CoT) will lead to model distillation by competitors, but we also know that users (at least advanced users) want to see this, so we will find a suitable balance.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7ca7bd7647c025f9ee6b93c60c35e8e\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"313\"/></p><p><strong>Q: When will the full-blood version o3 go online?</strong></p><p>Altman: I reckon it will be more than a few weeks, but not more than a few months.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c2b17cac2383cb54c6008fdf3846d7a\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"387\"/></p><p><strong>Q: Will the voice mode be updated? Is this the focus of a potential GPT-5o? What is the approximate timeline for GPT-5o?</strong></p><p>Ultraman: Yes, an update to Advanced Voice Mode is coming soon! I think we'll just call it GPT-5 instead of GPT-5o. There is no specific timeline yet.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a299ae6009abd55614bc73665df44b7\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"555\"/></p><p><strong>Q: Would you consider releasing some model weights and publishing some research?</strong></p><p>Altman: Yeah, we're talking about it. Personally, I think we are on the wrong side on this issue and need to come up with a different open source strategy; Not everyone at OpenAI holds this view, and it's not our highest priority right now.</p><p>Here's another question bomb:</p><p><ul style=\"list-style-type: disc;\"><li><strong>How close are we to offering Operator on the regular Plus plan?</strong></p><p></li><li><strong>What are the primary goals of the robotics department?</strong></p><p></li><li><strong>What does OpenAI think of more specialized chips/TPUs, such as Trillium, Cerebras, etc.? Is OpenAI looking at this?</strong></p><p></li><li><strong>What to invest in to hedge AGI and ASI's future risks?</strong></p><p></li><li><strong>What was your most memorable vacation?</strong></p><p></li></ul>Ultraman:</p><p><ul style=\"list-style-type: disc;\"><li>Months</p><p></li><li>Start by producing a really good robot on a small scale and learn from it</p><p></li><li>The GB200 is hard to beat at the moment!</p><p></li><li>A good choice is to improve your internal state-resilience, resilience, calm, happiness, etc</p><p></li><li>It's hard to choose! But the first two that come to mind: backpacking in Southeast Asia or safari trips in Africa</p><p></li></ul><strong>Q: Do you plan to raise the price of Plus series products?</strong></p><p>Altman: Actually I want to taper it down.</p><p><strong>Q: Let's say it's 2030 and you've just created a system that most people would call AGI. It excels on all test benchmarks, and it surpasses your best engineers and researchers in speed and performance. WHAT NEXT? Are there any other plans besides putting it on the website to offer services?</strong></p><p>Altman: In my opinion, the most important impact will be to accelerate the speed of scientific discovery, which I think is the factor that contributes the most to improving quality of life.</p><p><strong>4o image generation, coming soon</strong></p><p>Next, added are responses from other OpenAI members.</p><p><strong>Q: Do you still plan to launch a 4o image generator?</strong></p><p>Kevin Weil, Chief Product Officer: Yes! We're working on it. And I think it's worth the wait.</p><p><strong>Q: Great! Is there an approximate timeline?</strong></p><p>Chief Product Officer Kevin Weil: You're trying to get me into trouble. Maybe a few months.</p><p>There is a similar question.</p><p><strong>Q: When can we see ChatGPT-5?</strong></p><p>Kevin Weil, Chief Product Officer: Not long after o-17 micro and GPT-(π+1).</p><p>Another question bomb:</p><p><ul style=\"list-style-type: disc;\"><li><strong>What other types of agents can we expect?</strong></p><p></li><li><strong>Also provide an agent for free users, which can accelerate adoption...</strong></p><p></li><li><strong>Are there any updates on the new version of DALL E.</strong></p><p></li><li><strong>One last question, and one that everyone will ask... when will AGI be implemented?</strong></p><p></li></ul>Chief Product Officer Kevin Weil:</p><p><ul style=\"list-style-type: disc;\"><li>About more agents: Coming very, very soon. I think you'll be satisfied.</p><p></li><li>Image Generation Based on 4o: I can't wait for you guys to use it in about a few months. It's great.</p><p></li><li>AGI: Yes</p><p></li></ul><strong>Q: Do you plan to add file attachment functionality to the inference model?</strong></p><p>Srinivas Narayanan, Vice President of Engineering: Under development. Future inference models will be able to use different tools, including retrieval functions.</p><p>Kevin Weil, Chief Product Officer: Just wanted to say, I can't wait to see inference models that can use tools:)</p><p><strong>Q: Really. When you solve this problem, some very useful AI application scenarios will be opened. Imagine it being able to understand the contents of your 500GB working document.</strong></p><p>When you're ready to respond to an email, a panel opens next to your email app that continuously analyzes all the information related to the person, including your relationship, topics discussed, past work, and more. Perhaps something in a document that you have long forgotten will be flagged because it is very relevant to the current discussion. I want this feature so badly.</p><p>Srinivas Narayanan, Deputy General Manager of Engineering: We are trying to increase context length. No clear date/announcement yet.</p><p><strong>Q: How important is the Stargate project for the future of OpenAI?</strong></p><p>Kevin Weil, Chief Product Officer: Very important. Everything we see shows that the more computing power we have, the better models we can build and the more valuable products we can make.</p><p>We are now scaling the model in two dimensions simultaneously-pre-training on a larger scale, and more reinforcement learning (RL)/strawberry training-both of which require computational resources.</p><p>Serving hundreds of millions of users also requires computing resources! And as we move to more intelligent agent products that can continue to work for you, this also requires computing resources. So you can think of Stargate as our factory, where power/GPUs are turned into amazing products.</p><p><strong>Q: Internally, which model are you using now? o4, o5 or o6? How smarter are these internal models compared to o3?</strong></p><p>Michelle Pokrass, head of API research: We've lost count.</p><p><strong>Q: Please allow us to interact with text/canvas while using advanced speech functions. I want to be able to speak to it and have it make iterative changes to the document.</strong></p><p>Kevin Weil, Chief Product Officer: Yes! We have a lot of nice tools that have been developed relatively independently-the goal is to get these tools in your hands as soon as possible.</p><p>The next step is to incorporate all these features so that you can talk to a model that reasons while searching and generates a canvas that can run Python on. All tools need to work together better. By the way, all models need complete tool usage capabilities (o-series models can't use all tools at present), and this will also be realized.</p><p><strong>Q: When will the o series models support the memory function in ChatGPT?</strong></p><p>Michelle Pokrass, Head of API Research: Under development! Unifying all our features with the o-series model is our top priority.</p><p><strong>Q: Will there be major improvements in 4o? I really like custom GPT, it would be awesome if it was able to upgrade, or even better if we were able to choose what model to use in custom GPT (like o3 mini).</strong></p><p>Michelle Pokrass, Head of API Research: Yes, we haven't finished the 4o series yet!</p><p></body></html></p>","source":"lsy1569730104218","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ultraman's \"confession\": He stood on the wrong side on open source AI! DeepSeek makes OpenAI no longer advantageous</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUltraman's \"confession\": He stood on the wrong side on open source AI! DeepSeek makes OpenAI no longer advantageous\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新智元</strong><span class=\"h-time small\">2025-02-01 11:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>While everyone was still marveling at the amazing strength of DeepSeek, OpenAI finally couldn't sit still.</p><p>In the early morning of last night, o3-mini was launched urgently, refreshing SOTA in benchmark tests such as mathematical code and returning to the throne.</p><p>Most importantly, free users can also experience it!</p><p>The strength of o3-mini is not boasting. In the last human exam, o3-mini (high) was the best in terms of accuracy and Calibration Error (Calibration Error).</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c22b9ec8914751bc5abe6021c200f9a\" title=\"\" tg-width=\"1080\" tg-height=\"1020\"/></p><p>A few hours after the launch of o3-mini, OpenAI officially launched an online Q&A on Reddit AMA for about an hour.</p><p>Altman himself also went online and answered all the questions of netizens.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b529a27074e998944972eca3a1e5b0b7\" title=\"\" tg-width=\"1080\" tg-height=\"832\"/></p><p>The main highlights are:</p><p><ul style=\"list-style-type: disc;\"><li>DeepSeek is really good, and we will continue to develop better models, but the lead will not be as big as before</p><p></li><li>I am more inclined now than I was a few years ago to think that AI may be advancing rapidly</p><p></li><li>On the issue of open source weighted AI models, we are on the wrong side</p><p></li><li>The advanced voice mode is about to receive an update. We will directly call it GPT-5 instead of GPT-5o. There is no specific timetable yet.</p><p></li></ul>In addition to Altman himself, Chief Research Officer Mark Chen, Chief Product Officer Kevin Weil, Vice President of Engineering Srinivas Narayanan, Head of API Research Michelle Pokrass, and Head of Research Hongyu Ren were also online and seriously answered all questions from netizens.</p><p>Next, let's take a look at what they all said together.</p><p><strong>Ultraman deeply repents that he was on the wrong side on open source AI</strong></p><p>DeepSeek's sudden counterattack may not be expected by everyone.</p><p>In the AMA Q&A, Ultraman himself also deeply repented that he was on the wrong side on open source AI, and had to admit the strong advantages of DeepSeek.</p><p>To the amazement of many people, Ultraman actually said that OpenAI's lead is not as good as before.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a555c5dee2ce12ce297456a37aeb64b9\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"316\"/></p><p>All the following are our classic answers from Altman.</p><p><strong>Q: Let's talk about this week's big topic: Deepseek. Obviously this is a very impressive model, and I also know that it may have been trained on the output of other LLMs. How will this change your plans for future models?</strong></p><p>Altman: It is a very good model indeed! We will develop better models, but we won't maintain as big a lead as we have in previous years.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30050f5f20ed6d7c0bb40a1780d02d5b\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"550\"/></p><p><strong>Q: Do you think recursive self-improvement will be a gradual process or a sudden take-off process?</strong></p><p>Altman: Personally, I think that I am more inclined to think that AI may develop rapidly than a few years ago. It may be time to write something on this topic...</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f68199e96b99c46e8b299a9d90eae294\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"463\"/></p><p><strong>Q: Can we see all the tokens thought about by the model?</strong></p><p>Altman: Yeah, we'll show a more helpful and detailed version soon. Thanks to R1 for the updated information.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72407471b6a5ff25832883af26985910\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"400\"/></p><p>Kevin Weil, Chief Product Officer: We're trying to present more than we have now-that will happen soon. As for whether to show everything is yet to be determined, showing all chains of thought (CoT) will lead to model distillation by competitors, but we also know that users (at least advanced users) want to see this, so we will find a suitable balance.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7ca7bd7647c025f9ee6b93c60c35e8e\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"313\"/></p><p><strong>Q: When will the full-blood version o3 go online?</strong></p><p>Altman: I reckon it will be more than a few weeks, but not more than a few months.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7c2b17cac2383cb54c6008fdf3846d7a\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"387\"/></p><p><strong>Q: Will the voice mode be updated? Is this the focus of a potential GPT-5o? What is the approximate timeline for GPT-5o?</strong></p><p>Ultraman: Yes, an update to Advanced Voice Mode is coming soon! I think we'll just call it GPT-5 instead of GPT-5o. There is no specific timeline yet.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9a299ae6009abd55614bc73665df44b7\" alt=\"\" title=\"\" tg-width=\"1080\" tg-height=\"555\"/></p><p><strong>Q: Would you consider releasing some model weights and publishing some research?</strong></p><p>Altman: Yeah, we're talking about it. Personally, I think we are on the wrong side on this issue and need to come up with a different open source strategy; Not everyone at OpenAI holds this view, and it's not our highest priority right now.</p><p>Here's another question bomb:</p><p><ul style=\"list-style-type: disc;\"><li><strong>How close are we to offering Operator on the regular Plus plan?</strong></p><p></li><li><strong>What are the primary goals of the robotics department?</strong></p><p></li><li><strong>What does OpenAI think of more specialized chips/TPUs, such as Trillium, Cerebras, etc.? Is OpenAI looking at this?</strong></p><p></li><li><strong>What to invest in to hedge AGI and ASI's future risks?</strong></p><p></li><li><strong>What was your most memorable vacation?</strong></p><p></li></ul>Ultraman:</p><p><ul style=\"list-style-type: disc;\"><li>Months</p><p></li><li>Start by producing a really good robot on a small scale and learn from it</p><p></li><li>The GB200 is hard to beat at the moment!</p><p></li><li>A good choice is to improve your internal state-resilience, resilience, calm, happiness, etc</p><p></li><li>It's hard to choose! But the first two that come to mind: backpacking in Southeast Asia or safari trips in Africa</p><p></li></ul><strong>Q: Do you plan to raise the price of Plus series products?</strong></p><p>Altman: Actually I want to taper it down.</p><p><strong>Q: Let's say it's 2030 and you've just created a system that most people would call AGI. It excels on all test benchmarks, and it surpasses your best engineers and researchers in speed and performance. WHAT NEXT? Are there any other plans besides putting it on the website to offer services?</strong></p><p>Altman: In my opinion, the most important impact will be to accelerate the speed of scientific discovery, which I think is the factor that contributes the most to improving quality of life.</p><p><strong>4o image generation, coming soon</strong></p><p>Next, added are responses from other OpenAI members.</p><p><strong>Q: Do you still plan to launch a 4o image generator?</strong></p><p>Kevin Weil, Chief Product Officer: Yes! We're working on it. And I think it's worth the wait.</p><p><strong>Q: Great! Is there an approximate timeline?</strong></p><p>Chief Product Officer Kevin Weil: You're trying to get me into trouble. Maybe a few months.</p><p>There is a similar question.</p><p><strong>Q: When can we see ChatGPT-5?</strong></p><p>Kevin Weil, Chief Product Officer: Not long after o-17 micro and GPT-(π+1).</p><p>Another question bomb:</p><p><ul style=\"list-style-type: disc;\"><li><strong>What other types of agents can we expect?</strong></p><p></li><li><strong>Also provide an agent for free users, which can accelerate adoption...</strong></p><p></li><li><strong>Are there any updates on the new version of DALL E.</strong></p><p></li><li><strong>One last question, and one that everyone will ask... when will AGI be implemented?</strong></p><p></li></ul>Chief Product Officer Kevin Weil:</p><p><ul style=\"list-style-type: disc;\"><li>About more agents: Coming very, very soon. I think you'll be satisfied.</p><p></li><li>Image Generation Based on 4o: I can't wait for you guys to use it in about a few months. It's great.</p><p></li><li>AGI: Yes</p><p></li></ul><strong>Q: Do you plan to add file attachment functionality to the inference model?</strong></p><p>Srinivas Narayanan, Vice President of Engineering: Under development. Future inference models will be able to use different tools, including retrieval functions.</p><p>Kevin Weil, Chief Product Officer: Just wanted to say, I can't wait to see inference models that can use tools:)</p><p><strong>Q: Really. When you solve this problem, some very useful AI application scenarios will be opened. Imagine it being able to understand the contents of your 500GB working document.</strong></p><p>When you're ready to respond to an email, a panel opens next to your email app that continuously analyzes all the information related to the person, including your relationship, topics discussed, past work, and more. Perhaps something in a document that you have long forgotten will be flagged because it is very relevant to the current discussion. I want this feature so badly.</p><p>Srinivas Narayanan, Deputy General Manager of Engineering: We are trying to increase context length. No clear date/announcement yet.</p><p><strong>Q: How important is the Stargate project for the future of OpenAI?</strong></p><p>Kevin Weil, Chief Product Officer: Very important. Everything we see shows that the more computing power we have, the better models we can build and the more valuable products we can make.</p><p>We are now scaling the model in two dimensions simultaneously-pre-training on a larger scale, and more reinforcement learning (RL)/strawberry training-both of which require computational resources.</p><p>Serving hundreds of millions of users also requires computing resources! And as we move to more intelligent agent products that can continue to work for you, this also requires computing resources. So you can think of Stargate as our factory, where power/GPUs are turned into amazing products.</p><p><strong>Q: Internally, which model are you using now? o4, o5 or o6? How smarter are these internal models compared to o3?</strong></p><p>Michelle Pokrass, head of API research: We've lost count.</p><p><strong>Q: Please allow us to interact with text/canvas while using advanced speech functions. I want to be able to speak to it and have it make iterative changes to the document.</strong></p><p>Kevin Weil, Chief Product Officer: Yes! We have a lot of nice tools that have been developed relatively independently-the goal is to get these tools in your hands as soon as possible.</p><p>The next step is to incorporate all these features so that you can talk to a model that reasons while searching and generates a canvas that can run Python on. All tools need to work together better. By the way, all models need complete tool usage capabilities (o-series models can't use all tools at present), and this will also be realized.</p><p><strong>Q: When will the o series models support the memory function in ChatGPT?</strong></p><p>Michelle Pokrass, Head of API Research: Under development! Unifying all our features with the o-series model is our top priority.</p><p><strong>Q: Will there be major improvements in 4o? I really like custom GPT, it would be awesome if it was able to upgrade, or even better if we were able to choose what model to use in custom GPT (like o3 mini).</strong></p><p>Michelle Pokrass, Head of API Research: Yes, we haven't finished the 4o series yet!</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/No1nD8qDhLX_IHiBD-9G-A\">新智元</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0c4e1ff8a8f3ef9b71959d07d4048d2e","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/No1nD8qDhLX_IHiBD-9G-A","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120077738","content_text":"当所有人还在惊叹DeepSeek的惊人实力时，OpenAI终于坐不住了。昨夜凌晨，o3-mini紧急上线，在数学代码等基准测试中刷新SOTA，重回王座。最关键的是，免费用户也可以体验！o3-mini实力可不是吹的，在「人类最后一次考试」中，o3-mini（high）直接在准确率和校准误差（Calibration Error）均是最优。o3-mini上线几小时后，OpenAI官方开启了Reddit AMA大约1小时左右的在线问答。奥特曼本人也上线，回答了网友们的一切问题。主要精彩亮点有：DeepSeek的确很优秀，我们也会继续研发更好的模型，但领先优势不会像以前那么大了比起几年前，我现在更倾向于认为AI可能会出现快速突飞猛进在开源权重AI模型这个问题上，我们站错了队高级语音模式即将迎来更新，我们会直接称它为GPT-5，而不是GPT-5o，目前还没有具体的时间表。除了奥特曼本人，首席研究官Mark Chen、首席产品官Kevin Weil、工程副总Srinivas Narayanan、API研究负责人Michelle Pokrass、研究负责人Hongyu Ren也一同在线，认真回答了网友们所有问题。接下来，让我们一起看看他们都说了什么。奥特曼深刻忏悔，在开源AI上站错了队DeepSeek突然逆袭，或许是所有人都没有想到的。在AMA问答中，奥特曼本人也深深忏悔自己在开源AI上站错了队，不得不承认DeepSeek的强大优势。让许多人惊叹不已的是，奥特曼竟然说出，OpenAI领先优势不如以往。以下所有，是我们汇总的奥特曼的经典回答。Q：让我们来谈谈本周的重大话题：Deepseek。显然这是一个非常令人印象深刻的模型，我也知道它可能是在其他LLM的输出基础上训练的。这会如何改变你们对未来模型的计划？奥特曼：它确实是一个非常好的模型！我们会开发出更好的模型，但我们不会像往年那样保持那么大的领先优势了。Q：你认为递归式自我改进会是一个渐进的过程，还是一个突然起飞的过程？奥特曼：我个人认为，比起几年前，我现在更倾向于认为AI可能会出现快速突飞猛进。可能是时候就这个话题写点东西了...Q：我们能看到模型思考的所有token吗？奥特曼：是的，我们很快就会展示一个更有帮助、更详细的版本。感谢R1提供的更新信息。首席产品官Kevin Weil：我们正在努力展示比现在更多的内容——这将很快实现。至于是否展示所有内容还有待确定，展示所有思维链（CoT）会导致竞争对手的模型蒸馏，但我们也知道用户（至少是高级用户）想要看到这些，所以我们会找到一个合适的平衡点。Q：满血版o3什么时候上线？奥特曼：我估计会超过几周，但不会超过几个月。Q：语音模式会有更新吗？这是否是潜在的GPT-5o关注的重点？GPT-5o的大致时间表是什么？奥特曼：是的，高级语音模式的更新即将到来！我想我们会直接称它为GPT-5，而不是GPT-5o。目前还没有具体的时间表。Q：你会考虑发布一些模型权重，并发表一些研究吗？奥特曼：是的，我们正在讨论。我个人认为，在这个问题上我们站错了队，需要想出一个不同的开源策略；不是OpenAI的每个人都持有这种观点，而且这也不是我们目前的最高优先级。再来一个问题弹：我们距离在常规Plus计划中提供Operator还有多远？机器人部门的首要目标是什么？OpenAI如何看待更专业的芯片/TPU，比如Trillium、Cerebras等？OpenAI是否在关注这方面？投资什么来对冲AGI和ASI未来的风险？你最难忘的假期是什么？奥特曼：几个月先小规模生产一个真正优秀的机器人，从中学习经验GB200目前很难被超越！一个好的选择是提升自己的内在状态——韧性、适应力、平静、快乐等很难选择！但首先想到的两个是：在东南亚背包旅行或者非洲野生动物园之旅Q：你是否计划对Plus系列产品进行提价？奥特曼：实际上我想逐渐减少。Q：假设现在是2030年，你们刚刚创造了一个大多数人会称之为AGI的系统。它在所有测试基准上都表现出色，而且在速度和性能上都超过了你们最优秀的工程师和研究人员。接下来怎么办？除了「把它放到网站上提供服务」之外，还有其他计划吗？奥特曼：在我看来，最重要的影响将是加速科学发现的速度，我认为这是对提高生活质量贡献最大的因素。4o图像生成，快来了接下来，补充的是其他OpenAI成员的回应。Q：你们还打算推出4o图像生成器吗？首席产品官Kevin Weil：是的！我们正在努力。而且我认为等待是值得的。Q：太好了！有大致的时间表吗？首席产品官Kevin Weil：你这是想让我惹麻烦啊。可能几个月吧。还有一个类似的问题。Q：我们什么时候可以看到ChatGPT-5？首席产品官Kevin Weil：就在o-17 micro和GPT-(π+1)之后不久。又是一个问题弹：我们还可以期待什么其他类型的智能体？也为免费用户提供一个智能体，这样可以加快采用率...关于新版DALL·E有什么更新吗？最后一个问题，也是每个人都会问的...AGI什么时候实现？首席产品官Kevin Weil：关于更多智能体：非常非常快就来了。我想你会满意的。基于4o的图像生成：大约几个月后，我迫不及待想让你们用上。它很棒。AGI：是的Q：你们是否计划在推理模型中添加文件附件功能？工程副总Srinivas Narayanan：正在开发中。未来推理模型将能够使用不同的工具，包括检索功能。首席产品官Kevin Weil：只是想说，我迫不及待想看到能使用工具的推理模型了 :)Q：真的。当你解决这个问题时，一些非常有用的AI应用场景就会被打开。想象一下，它能够理解你500GB的工作文档内容。当你准备回复一封邮件时，在你的邮件应用旁边会打开一个面板，持续分析与这个人相关的所有信息，包括你们的关系、讨论的主题、过去的工作等等。也许某个你早已遗忘的文档中的内容会被标记出来，因为它与当前的讨论非常相关。我太想要这个功能了。工程副总Srinivas Narayanan：我们正在努力增加上下文长度。还没有明确的日期/公告。Q：「星际之门」项目对于OpenAI未来来说，有多重要？首席产品官Kevin Weil：非常重要。我们所看到的一切都表明，我们拥有的计算能力越多，就能构建越好的模型，也就能制造出越有价值的产品。我们现在正在同时在两个维度上扩展模型——更大规模的预训练，以及更多的强化学习（RL）/「草莓」训练——这两者都需要计算资源。为数亿用户提供服务也需要计算资源！而且随着我们转向更多能持续为你工作的智能代理产品，这也需要计算资源。所以你可以把「星际之门」看作是我们的工厂，将电力/GPU转化为令人惊叹的产品的地方。Q：在内部，你们现在用的是哪个模型？o4、o5还是o6？与o3相比，这些内部模型的智能程度提高了多少？API研究负责人Michelle Pokrass：我们已经数不清了。Q：请允许我们在使用高级语音功能的同时与文本/画布进行交互。我希望能够对着它说话，让它对文档进行迭代修改。首席产品官Kevin Weil：是的！我们有很多不错的工具是相对独立开发的——目标是让这些工具尽快交到你手中。下一步是整合所有这些功能，这样你就可以与一个模型对话，它在搜索的同时进行推理，并生成一个可以运行Python的画布。所有工具都需要更好地协同工作。另外顺便说一下，所有模型都需要完整的工具使用能力（o系列模型目前还不能使用所有工具），这个也会实现的。Q：o系列模型什么时候会支持ChatGPT中的记忆功能？API研究负责人Michelle Pokrass：正在开发中！将我们所有的功能与o系列模型统一起来是我们的首要任务。Q：4o是否会有重大改进？我真的很喜欢自定义GPT，如果它能够升级就太棒了，或者如果我们能够在自定义GPT中选择使用什么模型（比如o3 mini）就更好了。API研究负责人Michelle Pokrass：是的，我们还没有完成4o系列！","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1073,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}