9月核心CPI，19个月来涨幅首次回到1%

Group 1: CPI Analysis - In September, the national Consumer Price Index (CPI) decreased by 0.3% year-on-year, while it increased by 0.1% month-on-month [1][3][8] - The core CPI, excluding food and energy, rose by 1.0%, marking the first return to a 1% increase in nearly 19 months [6][8] - Food prices fell by 4.4%, contributing significantly to the CPI decline, while non-food prices increased by 0.7% [3][5][7] Group 2: PPI Analysis - The Producer Price Index (PPI) decreased by 2.3% year-on-year in September, with a month-on-month stability [1][8][11] - The decline in PPI was less severe than in previous months, narrowing by 0.6 percentage points compared to the previous month [1][8][11] - The industrial producer purchase prices also saw a year-on-year decrease of 3.1%, with a month-on-month increase of 0.1% [8][11] Group 3: Economic Insights - Economic policies have shown positive effects, leading to a narrowing of price declines in several industries [11][12] - The construction of a unified national market and the optimization of market competition have contributed to the recovery of prices in certain sectors [11][12] - The demand for high-quality and upgraded consumption has led to price increases in specific manufacturing sectors, such as a 14.7% rise in the price of arts and crafts products [12]