Group 1: CPI Analysis - November CPI increased by 0.2% year-on-year, below the expected 0.5% and previous value of 0.3%[3] - Month-on-month CPI decreased by 0.6%, against an expectation of -0.4% and previous value of -0.3%[3] - Core CPI rose by 0.3%, a slight increase of 0.1%[3] Group 2: PPI Analysis - November PPI decreased by 2.5% year-on-year, better than the expected -2.8% and previous value of -2.9%[5] - The month-on-month PPI showed a recovery, indicating a narrowing decline in PPI[5] - The impact of new price changes accounted for approximately -2.2 percentage points in the PPI year-on-year change[5] Group 3: Market Trends - Domestic industrial demand is recovering due to the implementation of various policies, leading to a stabilization in prices[6] - Traditional infrastructure investment is accelerating, while real estate investment remains weak in the short term[6] - The overall demand for terminal goods is improving, supported by monetary and fiscal policy measures[6]
宏观数据观察：11月CPI同比回落且低于市场预期
Dong Hai Qi Huo·2024-12-13 11:28