10月物价数据解读：生产资料价格环比转正

Group 1: CPI Analysis - In October, the CPI year-on-year growth rate recorded 0.3%, a decrease of 0.1 percentage points from the previous month[10] - Core CPI year-on-year growth was 0.2%, an increase of 0.1 percentage points from last month[10] - Food prices increased by 2.9%, with fresh vegetables, pork, and fresh fruits rising by 21.6%, 14.2%, and 4.7% respectively, all showing a decline in growth rate[11] Group 2: PPI Analysis - The PPI year-on-year growth rate recorded -2.9%, an increase in the decline rate by 0.1 percentage points from last month[15] - Production material prices year-on-year recorded -3.3%, while living material prices saw a decline of -1.6%[15] - PPI month-on-month growth recorded -0.1%, a narrowing of the decline by 0.5 percentage points, indicating a slight recovery in industrial production prices[16] Group 3: Price Influences - The decline in CPI was primarily influenced by extreme weather and fluctuations in international oil prices, with gasoline prices contributing nearly 20% to the CPI decline[8] - Food prices turned negative at -1.2% month-on-month, significantly impacted by the previous extreme weather conditions[12] - Durable consumer goods prices hit a historical low, influenced by the international economic environment and promotional activities by enterprises[8]