2025年7月份核心CPI同比持续回升 PPI环比降幅收窄

Group 1 - The core viewpoint of the article highlights the continuous recovery of the core CPI in July 2025, with a month-on-month increase in CPI and a narrowing decline in PPI [1][2][4] - The CPI increased by 0.4% month-on-month, driven by rising prices in services and industrial consumer goods, with service prices contributing approximately 0.26 percentage points to the CPI increase [2][3] - The core CPI, excluding food and energy, rose by 0.8% year-on-year, marking the highest increase since March 2024, influenced by significant price increases in gold and platinum jewelry [2][3] Group 2 - The PPI decreased by 0.2% month-on-month, with the decline narrowing by 0.2 percentage points compared to the previous month, marking the first month-on-month narrowing since March [4][5] - The decline in PPI was influenced by seasonal factors and uncertainties in the international trade environment, affecting prices in several industries, including non-metallic mineral products and coal mining [4][5] - Year-on-year, the PPI fell by 3.6%, with some industries experiencing price recovery due to improved supply-demand relationships and ongoing macroeconomic policies [5][6]