6月消费品零售总额增9% 消费对经济增长贡献率达78.5%

Group 1: Economic Growth and Consumption - Consumption has become the primary driving force of China's economic growth, with a contribution rate of 78.5% in the first half of the year, an increase of 14.2 percentage points year-on-year [1] - In June, the total retail sales of consumer goods reached 30,842 billion yuan, showing a nominal growth of 9.0%, which is an improvement from May's 8.5% [1][5] - The first half of the year saw total retail sales of consumer goods amounting to 180,018 billion yuan, with a year-on-year growth of 9.4% [5] Group 2: Price Trends and Consumer Prices - The Consumer Price Index (CPI) rose by 2.0% year-on-year in the first half of the year, with food prices increasing by 1.4% and a notable 12.5% decrease in pork prices [2][4] - The Producer Price Index (PPI) increased by 3.9% year-on-year, which is considered reasonable for maintaining industrial profit growth while alleviating cost pressures on downstream products [4] - The stable performance of CPI is attributed to the influence of pork and agricultural product prices, despite rising oil prices that may take time to affect CPI [4] Group 3: Retail Sector Insights - The increase in retail sales in June is supported by a rebound in dining consumption and essential goods, with dining consumption up by 1.3 percentage points from the previous month [5][6] - The sales of food, beverages, tobacco, and clothing showed significant improvement, alongside a recovery in sales related to online shopping for furniture, home appliances, and communication equipment [5] - The decline in automobile sales due to the adjustment of import tariffs has temporarily affected overall retail sales, with automobiles accounting for approximately 13% of total retail sales [6]