核心CPI连续3个月回升—— 消费领域价格呈现积极变化

Group 1: Consumer Price Index (CPI) Insights - In July, the Consumer Price Index (CPI) increased by 0.4% month-on-month, reversing a previous decline of 0.1% in June, while year-on-year it remained flat [1] - The core CPI, excluding food and energy, rose by 0.8% year-on-year, marking the highest increase since March 2024, with significant price increases in gold and platinum jewelry at 37.1% and 27.3% respectively [2] - Service prices contributed to the CPI increase, rising by 0.6% month-on-month, accounting for over 60% of the total CPI increase [1][2] Group 2: Producer Price Index (PPI) Trends - The Producer Price Index (PPI) decreased by 0.2% month-on-month, but the decline was narrower by 0.2 percentage points compared to the previous month, indicating a potential stabilization in prices [1][2] - Year-on-year, the PPI fell by 3.6%, consistent with the previous month, reflecting ongoing challenges in certain industries due to seasonal factors and international trade uncertainties [1][2] - Specific sectors such as non-metallic mineral products, black metal smelting, and coal mining experienced price declines, influenced by seasonal weather conditions and reduced demand for electricity [2] Group 3: Economic Policy and Market Dynamics - The ongoing macroeconomic policies are showing positive effects, with improvements in supply-demand relationships across various industries, leading to price increases in some sectors [3] - The implementation of consumption-boosting policies is contributing to a healthier consumer market, with an increase in demand for upgraded consumer goods driving price rises [3] - The concept of "anti-involution" is expected to be a key focus for policies in the second half of the year, aiming to reshape supply-demand structures and enhance overall efficiency in industries facing overcapacity [3]