7月核心CPI同比上涨0.8%

Group 1: Consumer Price Index (CPI) Insights - In July, the CPI increased by 0.4% month-on-month, higher than the seasonal level by 0.1 percentage points, driven mainly by rising service and industrial consumer goods prices [2][3] - Service prices rose by 0.6% month-on-month, contributing approximately 0.26 percentage points to the CPI increase, with significant price hikes in air tickets (17.9%), tourism (9.1%), hotel accommodation (6.9%), and vehicle rentals (4.4%) [2][3] - The core CPI, excluding food and energy, rose by 0.8% year-on-year, marking the highest increase since March 2024 [2][3] Group 2: Producer Price Index (PPI) Trends - The PPI decreased by 0.2% month-on-month in July, but the decline was narrower than in June, marking the first month-on-month reduction since March [3][4] - The narrowing of the PPI decline is attributed to seasonal factors and uncertainties in the international trade environment, affecting prices in various industries [3][4] - Year-on-year, the PPI fell by 3.6%, with the decline remaining consistent with June, indicating improvements in supply-demand relationships in certain sectors [4][5] Group 3: Industry-Specific Price Movements - Prices in traditional industries are showing signs of recovery due to ongoing industrial transformation and upgrades, with notable increases in prices for caustic soda (3.6%), aircraft manufacturing (3.0%), and wearable smart devices (1.6%) [4][5] - The release of domestic demand potential is driving price increases in specific sectors, such as a 13.1% rise in the manufacturing of arts and crafts and a 5.3% increase in sports ball manufacturing [5][6] - The overall market competition is improving, leading to a reduction in price declines across various industries, including coal, steel, and photovoltaic sectors [4][5]