10月CPI同比转涨PPI环比年内首次上涨

Group 1 - The Consumer Price Index (CPI) increased by 0.2% month-on-month and year-on-year in October, while the core CPI, excluding food and energy, rose by 1.2%, marking the highest increase since March 2024 [1] - The Producer Price Index (PPI) saw a month-on-month increase of 0.1%, the first rise this year, while the year-on-year decline narrowed to 2.1%, indicating improving price dynamics [1][2] - The increase in consumer prices is attributed to effective domestic demand expansion policies and heightened service consumption during the extended National Day and Mid-Autumn Festival holidays [1] Group 2 - The improvement in supply and demand dynamics is a significant factor contributing to the positive performance of both month-on-month and year-on-year PPI [2] - Specific industries such as coal mining, photovoltaic equipment manufacturing, and cement manufacturing experienced price increases, reflecting the recovery in supply-demand relationships [2] - Continuous capacity management in key industries has led to a narrowing of year-on-year price declines, while the construction of a modern industrial system is supporting price increases in related sectors [2]