10月份CPI环比涨幅扩大 PPI环比年内首次上涨

Group 1: Consumer Price Index (CPI) Insights - In October, the national 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 sixth consecutive month of growth [1][3] - Service prices turned from a decline of 0.3% in the previous month to an increase of 0.2% in October, driven by strong travel demand during the National Day and Mid-Autumn Festival, with hotel accommodation, airfare, and tourism prices rising by 8.6%, 4.5%, and 2.5% respectively [2][3] - Food prices increased by 0.3% month-on-month, while industrial consumer goods prices showed stability with some increases, notably gold jewelry prices rising by 10.2% due to international gold price increases [2][3] Group 2: Producer Price Index (PPI) Insights - The Producer Price Index (PPI) shifted from flat to an increase of 0.1% month-on-month, marking the first rise of the year, while the year-on-year decline narrowed to 2.1%, a reduction of 0.2 percentage points from the previous month [1][4] - Improvements in supply-demand relationships in certain industries led to price increases, with coal mining and washing prices rising by 1.6%, and photovoltaic equipment prices increasing by 0.6% [4][5] - The year-on-year decline in PPI has been narrowing for three consecutive months, attributed to ongoing capacity management in key industries and improved market competition, with coal mining prices seeing a reduction in decline by 1.2 percentage points [4][6] Group 3: Industry Trends and Predictions - The construction of a modern industrial system and the orderly release of consumption potential are driving price increases in related industries, with non-ferrous metal smelting prices rising by 6.8% year-on-year [5][6] - Policies aimed at boosting consumption are showing effects, with significant price increases in various manufacturing sectors, such as 18.4% in arts and crafts and 3.3% in sports equipment [5][6] - Analysts predict that the year-on-year decline in PPI will continue to narrow, supported by the ongoing development of a modern industrial system and stable market demand [6]