7月份核心CPI同比涨幅连续扩大

Core Insights - In July, the consumer price index (CPI) showed positive changes, with a month-on-month increase of 0.4%, reversing the previous month's decline of 0.1% [1][3] - The core CPI, excluding food and energy, increased by 0.8% year-on-year, marking a continuous expansion in its growth rate for three consecutive months [2][4] Consumer Price Trends - The rise in service prices was significant, driven by increased costs in transportation and travel-related services, with airfares and hotel prices rising between 4.4% and 17.9% [3][5] - Industrial consumer goods also saw a rebound, with prices for household appliances and personal care products increasing by 0.5% to 2.2% [3][4] Policy Impact - The increase in core CPI is attributed to effective implementation of consumption-boosting policies and the gradual release of consumer spending potential [4][6] - The government's initiatives, such as the "old-for-new" policy for consumer goods and regulation of low-price competition among enterprises, have contributed to price recovery [4][5] Market Dynamics - Despite the positive trends, the market remains characterized by strong supply and weak demand, leading to low price levels overall [6]