由负转正！ 10月CPI同比涨0.2%

Group 1: CPI Analysis - In October, the Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) rising by 1.2%, marking the highest increase since March 2024 [4][5] - The rise in CPI is attributed to higher vegetable prices due to increased rainfall and holiday demand, with vegetable prices up 4.3% month-on-month and a significant narrowing of the year-on-year decline to -7.3% [4][5] - The extended Mid-Autumn Festival holiday in October boosted service consumption, leading to a 2.5% increase in tourism prices month-on-month, contributing to a 0.5% rise in service prices [4][5] Group 2: PPI Analysis - The Producer Price Index (PPI) saw its first month-on-month increase of the year, rising by 0.1%, with a narrowing year-on-year decline [6][7] - The improvement in PPI is driven by the "anti-involution" trend, which has positively impacted supply and demand in industries such as coal, cement, and photovoltaic equipment, with respective PPI increases of 1.6%, 1.6%, and 0.6% [6][7] - High-tech manufacturing sectors, including electronic materials and shipbuilding, maintained positive year-on-year price growth, indicating strong market demand [7]