6月CPI同比由降转涨

Group 1: Consumer Price Index (CPI) Trends - In June, the Consumer Price Index (CPI) turned from a decline to an increase of 0.1% year-on-year after four consecutive months of decline [1][2] - The core CPI, excluding food and energy prices, rose by 0.7% year-on-year, marking a 14-month high [1][2] - The increase in CPI is attributed to the recovery in industrial consumer goods prices, which saw a narrowing decline from 1.0% to 0.5% year-on-year [1][2] Group 2: Producer Price Index (PPI) Trends - The Producer Price Index (PPI) decreased by 0.4% month-on-month and 3.6% year-on-year [1][2] - The decline in PPI is influenced by seasonal price drops in certain raw materials and the impact of high temperatures and rainfall on construction projects [2][3] - The year-on-year decline in PPI expanded by 0.3 percentage points compared to the previous month, reflecting pressures in export-oriented industries [3] Group 3: Policy Implications and Future Outlook - Experts suggest that macroeconomic policies should continue to promote domestic demand and improve supply-demand relationships to facilitate a reasonable price recovery [4] - The implementation of consumption-boosting measures, such as trade-in programs, is expected to support price levels in the second half of the year [4] - The potential for service consumption growth is anticipated to positively impact prices in sectors like dining, accommodation, and cultural tourism [4]