刚刚，7月CPI公布！

Core Viewpoint - In July 2025, the national consumer price index (CPI) remained flat year-on-year, with urban prices unchanged and rural prices decreasing by 0.3% [2][8]. Price Changes by Category - In July, the prices of food, tobacco, and alcohol decreased by 0.8% year-on-year, contributing to a 0.21 percentage point decline in CPI. Key contributors included: - Egg prices fell by 11.2%, impacting CPI by -0.07 percentage points - Fresh vegetable prices decreased by 7.6%, affecting CPI by -0.16 percentage points - Meat prices dropped by 4.6%, with pork prices specifically down by 9.5%, contributing -0.13 percentage points to CPI [4][6]. - Other categories saw price increases, with: - Other goods and services up by 8.0% - Clothing prices rising by 1.7% - Prices for living goods and services increasing by 1.2% - Education, culture, and entertainment prices up by 0.9% - Medical care prices rising by 0.5% - Housing prices increasing by 0.1% - Transportation and communication prices down by 3.1% [4][6]. Monthly Price Changes - Month-on-month, the CPI increased by 0.4% in July, with urban areas rising by 0.4% and rural areas by 0.3%. Key changes included: - Food prices decreased by 0.2%, while non-food prices increased by 0.5% - Consumer goods prices rose by 0.2%, and service prices increased by 0.6% [2][7]. - Specific month-on-month changes in food prices included: - Fresh fruit prices decreased by 3.4%, impacting CPI by -0.07 percentage points - Fresh vegetable prices increased by 1.3%, contributing +0.03 percentage points to CPI - Meat prices rose by 0.4%, with pork prices up by 0.9% [6][9]. Summary of Key Data - The average CPI for January to July 2025 showed a decline of 0.1% compared to the same period last year [2][8]. - The overall CPI data for July 2025 indicated: - Urban CPI: 0.0% year-on-year, 0.4% month-on-month - Rural CPI: -0.3% year-on-year, 0.3% month-on-month - Food CPI: -1.6% year-on-year, -0.2% month-on-month - Non-food CPI: 0.3% year-on-year, 0.5% month-on-month [7][8].