Inflation Data - May CPI increased by 0.3% year-on-year, below the expected 0.4%[5] - Month-on-month CPI decreased by 0.1%[5] - Core CPI rose by 0.6% year-on-year, showing a slight decline[5] PPI Analysis - May PPI decreased by 1.4% year-on-year, with a narrowing decline of 1.1 percentage points[5] - Month-on-month PPI increased by 0.2%, marking the first positive change in six months[6] - Prices of non-ferrous metals rose by 3.9%, with copper, aluminum, and gold prices increasing by 7.0%, 3.4%, and 2.8% respectively[6] Market Trends - The price of pork increased by 1.1% due to seasonal factors and supply adjustments, supporting a continued rise in pork prices[17] - The overall food price growth is expected to remain low due to sufficient supply and rising temperatures[17] - Domestic tourism-related prices dropped significantly post-holiday, with airfares and hotel prices falling by 9.4% and over 20% respectively[30]
【数据分析】5月通胀数据点评：猪价温和拉动CPI，上下游价格分化明显
Rui Da Qi Huo·2024-06-17 07:30