财经聚焦|核心CPI重回1%，9月物价数据透出哪些信号？

Group 1 - The consumer price index (CPI) in September showed a month-on-month increase of 0.1%, with the core CPI (excluding food and energy) rising by 1% year-on-year, marking the first return to a 1% increase in nearly 19 months [1] - Food prices contributed to the CPI increase, with a 0.7% rise in food prices month-on-month, impacting the CPI by approximately 0.13 percentage points [1] - The decline in CPI year-on-year was 0.3%, with the drop narrowing by 0.1 percentage points compared to the previous month, primarily due to the "tail effect" [3] Group 2 - The Producer Price Index (PPI) showed a year-on-year decline of 2.3% in September, with the decrease narrowing by 0.6 percentage points from the previous month, indicating positive changes in industrial pricing [4] - The prices in certain industries, such as coal processing and black metal smelting, showed a narrowing decline, reflecting improved market competition and capacity management [5] - The new energy and technology sectors are experiencing growth, with emerging consumption patterns leading to price increases in related industries, such as a 1.4% rise in aircraft manufacturing prices [6][8] Group 3 - The demand for quality consumption is increasing, with a shift from quantity expansion to quality enhancement as GDP per capita exceeds $13,000 [8] - Prices for high-quality consumer goods, such as arts and crafts, saw significant increases, with a 14.7% rise in the manufacturing price of arts and crafts and a 4% increase in sports equipment manufacturing [8] - Policies aimed at boosting consumption are expected to further support price trends in various industries, leading to improved market supply and demand relationships [8]