金吾财讯 | 中信证券表示，2月我国PPI和CPI双双超出市场预期，二者分别比Wind一致预期高出0.3、0.4个百分点。PPI方面，有色与原油价格强势上涨带来的输入型因素为其超预期表现的核心驱动因素，化工与电子涨价同样表现出色。该机构估算，2月有色冶炼、化工、计算机通信、石油开采分别影响PPI环比上涨0.32、0.08、0.08、0.04个百分点。CPI方面，除“春节错位”因素外，服务业（机票、租车、旅行社、酒店住宿）价格上涨、原油和黄金价格的上涨也是核心驱动因素。当前美伊地缘局势波动下，原油价格或存在持续上涨动能。该机构估算，布油价格每上涨1%，或影响我国PPI上涨约0.04-0.05个百分点，影响CPI上涨0.01-0.02个百分点，预计PPI同比的转正时点或将进一步提前。货币政策方面，预计中国央行不会因为石油的供给冲击涨价而收紧货币政策，更重要的是观察需求侧变化。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.