31省份6月CPI出炉，14省上涨

Group 1 - The core viewpoint is that the national Consumer Price Index (CPI) in June 2025 has shown a new trend, with a year-on-year increase of 0.1%, ending a four-month decline, while the core CPI rose by 0.7%, reaching a 14-month high [1] - In June, 14 provinces experienced a year-on-year increase in CPI, while 10 provinces saw a decline, indicating a shift in regional price trends [1] - The analysis by Wang Qing from Dongfang Jincheng highlights three main driving forces for the CPI's positive change: seasonal rise in vegetable prices, an increase in domestic energy prices due to international oil price fluctuations, and the support from the "old-for-new" policy [2] Group 2 - Future CPI trends are expected to show a low and moderate recovery, supported by stable economic performance and effective domestic demand policies [4] - Factors contributing to price stability include ongoing economic expansion, effective policies to boost consumption, and regulatory actions to curb disorderly price competition in various industries [5] - The holiday effect is anticipated to further stabilize or increase service-related prices, with several upcoming holidays expected to have a noticeable impact [5]