当前经济与政策思考：从价格看实物消费“K型”分化

Consumer Price Trends - Life materials prices are more stable than production materials, with life materials fluctuating within a 5% range since December 2018, while production materials fluctuated within a 20% range[12] - General daily necessities prices have risen by approximately 5% since December 2011, while durable consumer goods prices have fallen by about 10%[7] - General daily necessities prices increased by 0.3% month-on-month in April, while durable consumer goods prices decreased by 0.5%[15] High-Frequency Data - Steel production remains high, with a 94.66% blast furnace operating rate in Tangshan as of May 24[25] - Cement prices nationwide showed signs of recovery as of May 23, indicating potential acceleration in infrastructure construction[26] - Export container freight rates continued to rise, with the China Export Container Freight Index (CCFI) reaching 1311.85 points as of May 17[53] Risk Factors - Risks include domestic and international policy changes, economic fluctuations exceeding expectations, and international trade frictions[69]