Group 1 - The core issue of low price levels in China is insufficient domestic demand, reflecting the pains of economic transformation [1][5] - The Consumer Price Index (CPI) showed a slight increase of 0.1% year-on-year in June 2025, ending four months of negative growth, but the overall CPI for the first half of the year decreased by 0.1% compared to the previous year [2][4] - Food prices have significantly contributed to the negative CPI growth, with various food items like grains, cooking oil, and fresh vegetables showing year-on-year price declines [3][5] Group 2 - The government has set a CPI growth target of around 2% for 2025, the lowest since 2004, aiming to improve supply-demand relationships through policies and reforms [4] - Future CPI growth is expected to stabilize and gradually recover, with projections of 0.2% and 0.6% for the third and fourth quarters, respectively, leading to an overall annual increase of 0.1% [6] - The low CPI levels indicate ongoing macroeconomic imbalances, suggesting the need for increased public investment to stimulate demand and improve employment and income levels [7]
CPI结束连续四个月负增长 要达全年目标政策仍需加力
经济观察报·2025-07-09 10:42