5月广东CPI环比下降0.1%，核心CPI同比涨幅扩大

Group 1 - In May, the Consumer Price Index (CPI) in Guangdong decreased by 0.4% year-on-year, influenced by fluctuations in international oil prices and the end of the May Day holiday [1][3] - The core CPI, excluding food and energy prices, increased by 0.4% year-on-year, with the growth rate expanding by 0.3 percentage points compared to the previous month [1][3] Group 2 - Food prices increased by 0.3% month-on-month, with fresh fruit prices rising by 4.0% due to increased demand from warmer weather [2] - The prices of aquatic products rose by 2.3% due to reduced market supply during the fishing ban and increased demand during holidays, contributing approximately 0.15 percentage points to the CPI [2] - Non-food prices decreased by 0.2% month-on-month, with travel agency fees increasing by 2.6% due to holiday travel demand [2] Group 3 - Year-on-year, food prices fell by 0.8%, with fresh fruit, pork, and aquatic product prices rising by 5.7%, 4.5%, and 2.5% respectively, contributing approximately 0.24 percentage points to the CPI [3] - The price of fresh vegetables dropped by 11.5%, impacting the CPI by approximately 0.26 percentage points [3] - Non-food prices decreased by 0.3% year-on-year, with gold jewelry prices increasing by 42.3%, contributing approximately 0.60 percentage points to the CPI [3] Group 4 - In May, the Producer Price Index (PPI) in Guangdong decreased by 0.2% month-on-month, with the decline narrowing by 0.1 percentage points compared to the previous month [4] - Prices for production materials fell by 0.4%, while prices for living materials shifted from a 0.1% decline to a 0.1% increase [4] - The oil and gas extraction industry saw a price decrease of 3.6%, influenced by falling international crude oil prices [4]