4月中国CPI环比由降转涨

Group 1 - In April, China's Consumer Price Index (CPI) changed from a month-on-month decrease of 0.4% to an increase of 0.1%, while year-on-year it decreased by 0.1%, maintaining the same decline as the previous month [1] - The core CPI, excluding food and energy prices, increased by 0.2% month-on-month and rose by 0.5% year-on-year, with the growth rate remaining stable [1] - The increase in CPI was primarily driven by a rebound in food and travel services, with beef prices rising by 3.9% month-on-month, while fresh vegetables and pork prices fell by 1.8% and 1.6%, respectively [1] Group 2 - In April, food prices decreased by 0.2% year-on-year, with the decline narrowing by 1.2 percentage points compared to the previous month [2] - The price of gold jewelry increased by 35.8% year-on-year within the core CPI, indicating a slight expansion in the growth rate compared to the previous month [2] - Positive factors for core CPI recovery are increasing, supported by a series of policies aimed at expanding domestic demand and stabilizing the economy, including interest rate cuts and support for real estate and technology innovation [2]