财经聚焦丨核心CPI重回1%，9月物价数据透出哪些信号？

Core Insights - The core Consumer Price Index (CPI) has returned to a 1% year-on-year increase in September, marking the first time in 19 months that the growth rate has reached this level, indicating a stabilization in prices [2][4] - The Producer Price Index (PPI) shows a 2.3% year-on-year decline in September, but the rate of decline has narrowed by 0.6 percentage points compared to the previous month, reflecting improvements in market conditions [5][6] Group 1: CPI Analysis - The CPI increased by 0.1% month-on-month in September, with food prices rising by 0.7%, contributing approximately 0.13 percentage points to the CPI increase [2] - The year-on-year CPI decline of 0.3% was primarily influenced by base effects from the previous year, with the tail effect accounting for approximately -0.8 percentage points [4] Group 2: PPI Insights - The narrowing decline in PPI is attributed to the effectiveness of macroeconomic policies and the ongoing development of a unified national market, which has improved price stability in various industries [5][6] - Specific industries such as coal processing and black metal smelting have shown price increases, with coal processing prices rising by 3.8% month-on-month [6] Group 3: Emerging Industries and Consumption Trends - New emerging industries are thriving, with innovative consumption models driving positive price changes in related sectors [7][10] - The demand for quality consumption is increasing, with significant price increases in sectors such as arts and crafts (14.7% year-on-year) and sports equipment (4% year-on-year) [10]