财经聚焦|7月物价数据透出哪些积极信号？

Group 1 - The Consumer Price Index (CPI) in July increased by 0.4% month-on-month, indicating a shift from decline to growth, while the core CPI, excluding food and energy, rose by 0.8% year-on-year, marking the highest increase since March 2024 [1][3] - The rise in service prices by 0.6% month-on-month contributed approximately 0.26 percentage points to the CPI increase, driven by seasonal factors such as summer travel [1][2] - Various local governments have implemented consumption promotion measures, enhancing consumer activity during the summer season [1] Group 2 - The Producer Price Index (PPI) decreased by 0.2% month-on-month in July, but the decline was less than the previous month, indicating a narrowing of price drops in certain industries [4][5] - The central government's emphasis on regulating low-price competition and improving product quality is expected to optimize market competition and reduce price declines in industries such as coal, steel, and lithium batteries [4][5] - The narrowing of price declines in key sectors contributed to a reduced downward impact on the PPI by 0.14 percentage points compared to the previous month [4] Group 3 - The ongoing macroeconomic policies are fostering new growth drivers in various industries, leading to improved supply-demand relationships and positive price changes [6][7] - Traditional industries are upgrading while emerging industries are expanding, resulting in price increases in sectors like aircraft manufacturing and wearable technology [7] - Consumer demand is shifting from basic needs to quality improvements, with significant growth in sales of upgraded home appliances [7]