> 数据图表各位网友请教一下中国通胀：受油价影响抬升，高端制造也有显著正贡献2026-10-1中国通胀：受油价影响抬升，高端制造也有显著正贡献趋势：CPI&PPI同比抬升速度放缓，PPI环比之前已有走低。当前CPI同比已低于1%，PPI在4%附近。结构：对于PPI同比，上游和化工贡献近3%，制造侧贡献也贡献近1%。图表48：中国CPI&PPI的趋势和结构同比贡献PPI环比CPI同比PPI同比(右)20%15%10%5%0%-5%1516171819202122232425PPI同比贡献：其他石油煤炭&黑色有色3.5%2.5%1.5%0.5%-0.5%10%8%6%4%2%0%-2%-4%1516171819202122232425数据来源：Wind， iFinD，财通证券研究所整体上游化工制造下游煤炭上游石油上游黑色上游有色上游非金属 -0.11% -3.1%上游0.05%金属1.6%上游水电-0.33% -3.6%上游9.2%化工 化工&化纤 0.66%-0.07% -3.7%化工化工 橡胶塑料 0.03%1.5%制造 通用设备 -0.02% -0.5%制造 专用设备 -0.02% -0.7%制造 电气机械 0.50%5.9%-0.18% -2.2%制造0.1%制造0.00%制造0.66%5.3%制造 其他设备 0.01%0.7%农产品 -0.06% -1.7%下游-0.07% -2.0%食饮下游下游纺服0.01%0.4%2.7%下游 纸/木/家具 0.09%26-0626-0826-084.1%3.8%3.80%7.1%5.9%2.13%6.6%5.6%0.63%1.7%2.5%0.96%-0.03% -0.2%-0.1%0.50% 26.6% 27.1% 20.6%16.7%0.51% 11.0%-0.01% -0.2%3.2%1.52% 20.8% 20.3% 23.5%-4.3%1.5%-4.4%10.9%-4.5%1.4%-0.7%-0.6%5.1%-2.1%-0.2%3.3%1.8%-1.2%-1.9%0.4%2.6%汽车交运TMT医药同比26-073.5%5.7%5.5%2.2%-0.3%7.3%2.8%-3.8%1.5%-4.0%9.0%-4.0%1.4%-0.5%-0.7%5.7%-2.3%0.0%4.4%1.4%-1.3%-2.1%0.4%2.2%环比26-080.4%0.7%-0.1%0.2%0.0%2.8%4.0%-0.9%0.7%-0.2%-0.1%0.3%0.0%-0.2%-0.3%0.0%-0.1%0.2%-0.1%0.0%0.6%0.0%0.1%-0.2%0.1%0.1%26-07-0.7%-1.3%-1.6%0.1%-0.2%4.2%-6.6%-0.9%-1.7%-0.5%-0.2%-0.5%-2.3%0.0%-0.4%0.0%-0.2%0.2%-0.4%0.2%0.6%-0.7%0.0%-0.1%-0.2%-0.4%权重2025Y26-06-0.3%100%-0.4% 36.1%-1.1% 11.2%0.3%38.9%-0.5% 13.9%1.9%5.6%4.7%-3.7%0.4%5.9%7.3%-0.4%3.6%-0.5%3.5%0.4%-0.9%9.3%7.2%-1.9%1.8%-0.1%2.2%0.5%-0.1%3.7%2.8%0.1%8.4%0.1%8.0%0.0%0.0%1.3%12.5%0.7%2.1%0.3%3.8%-0.4%3.6%-1.1%0.1%2.9%3.5%-0.6%33财通证券综合其他
