12月物价数据前瞻：PPI同比降幅或收窄

Group 1: Economic Indicators - CPI is expected to show a mild recovery in 2024, with an annual year-on-year central tendency slightly exceeding 0.2%[2] - PPI is anticipated to slowly bottom out, remaining in negative territory, with an annual central tendency around -2.2%[2] - In December, the PPI year-on-year decline is expected to narrow slightly to -2.3%[4] Group 2: Price Trends - December's average wholesale price of pork is 22.9 CNY/kg, down 4.2% from November, indicating a weak short-term price trend[3] - Domestic gasoline and diesel prices are expected to rise month-on-month in December, providing some support to the oil and gas chemical industry chain prices[4] - The service sector's PMI and sales price components increased by 1.9 and 0.3 percentage points respectively compared to November, indicating a seasonal rebound in service prices[3] Group 3: Market Risks - There is uncertainty regarding the real estate market trends, which could impact overall economic stability[5] - The effectiveness of macro policies may fall short of expectations, posing additional risks to economic recovery[5]