【西街观察】物价回暖见韧性，经济向好有底气

Group 1 - The core viewpoint of the article highlights positive signals from two major economic indicators released by the National Bureau of Statistics, indicating resilience in China's economy during its transformation [1][2] - The Consumer Price Index (CPI) has turned from flat to rising month-on-month, with the core CPI returning to a year-on-year increase of 1% after 19 months, reflecting a recovery in domestic demand [2][3] - The Producer Price Index (PPI) shows a narrowing year-on-year decline, further validating the steady recovery of domestic demand [4] Group 2 - Demand is a key driver of the economy, with the CPI reflecting consumer-related price changes. The core CPI's continuous increase over five months indicates a healthy growth in total demand [3][5] - The PPI's performance is closely tied to the strength of demand, with improvements in market competition and price stabilization in certain industries, indicating a recovery in supply-side activity [4][5] - The overall economic growth in China is supported by coordinated efforts across consumption recovery, stable investment, and resilient foreign trade, suggesting a more robust foundation for future growth [5]