5月核心CPI总体呈现稳中有升态势 国内经济韧性凸显

Group 1: CPI Trends - In May, the Consumer Price Index (CPI) showed a month-on-month decrease of 0.2% and a year-on-year decrease of 0.1% [1][2] - The core CPI, excluding food and energy, increased by 0.6% year-on-year, with the growth rate expanding by 0.1 percentage points compared to the previous month [1][2][3] - Energy prices fell by 1.7% month-on-month, contributing to a 0.13 percentage point decline in the overall CPI [1] Group 2: PPI Trends - The Producer Price Index (PPI) decreased by 3.3% year-on-year and 0.4% month-on-month in May [4][5] - The average PPI for January to May showed a decline of 2.6% compared to the same period last year [4] - The decline in PPI is attributed to falling international oil prices and weak domestic demand, although some sectors are showing marginal price improvements [5] Group 3: Economic Policies and Outlook - Macroeconomic policies are showing effects, with improvements in supply-demand structures leading to positive price changes in certain sectors [2][3] - Short-term pressures on CPI are expected due to international energy price fluctuations and abundant food supply, while long-term recovery is anticipated as consumption demand is released [3] - Recommendations include enhancing government investment and focusing on high-tech manufacturing to support industry upgrades [6]