国家统计局：继续发挥宏观政策组合效应，促进价格合理回升

Economic Overview - The overall price level is currently low, which increases pressure on corporate operations and affects residents' employment and income growth, making it important to promote a reasonable price recovery [1][5] - The government aims to continue leveraging macroeconomic policies to further expand investment demand and promote supply-side reforms to improve economic circulation [1][5] Consumer Price Index (CPI) Analysis - In April, the national consumer price index (CPI) decreased by 0.1% year-on-year, while the core CPI increased by 0.5%, indicating a stable overall trend despite the slight decline [3][4] - The decline in CPI is primarily influenced by the drop in international oil prices, with energy prices falling by 4.8% year-on-year, particularly gasoline prices which decreased by 10.4%, contributing to a 0.38 percentage point drop in CPI [3][4] - Month-on-month, the CPI rose by 0.1% in April, reversing the previous month's decline, driven by increases in food and travel service prices [3][4] Core CPI Insights - The core CPI, excluding food and energy, showed a year-on-year increase of 0.5%, indicating stability in price levels, with service prices rising by 0.3% and industrial consumer goods prices (excluding energy) increasing by 0.4% [4] - The core CPI has demonstrated a steady upward trend, with increases of 0.3%, 0.5%, and 0.5% in January-February, March, and April respectively, reflecting the effectiveness of macroeconomic policies and enhanced domestic demand [4]