Group 1 - The consumer price index (CPI) in August showed a year-on-year decline of 0.4%, primarily due to a high comparison base from the previous year and lower seasonal food price increases [1] - The core CPI, excluding food and energy, increased by 0.9% year-on-year, marking the fourth consecutive month of growth [1] - The producer price index (PPI) remained flat month-on-month, with a year-on-year decline of 2.9%, but the rate of decline narrowed by 0.7 percentage points compared to the previous month [1] Group 2 - In August, pork prices in Beijing's Xinfadi wholesale market averaged 16.87 yuan per kilogram, a decrease of 7.1% from July and 31.37% from the same period last year [3] - The decline in pork prices is attributed to a slight oversupply of live pigs and increased market supply, reaching a five-year high in daily average listings [3] - Seasonal fruits also experienced price declines due to an overlap in supply from summer fruits and new harvests of apples and pears [8] Group 3 - Industry experts predict that pork prices will stabilize in September due to factors such as school stocking and cooler weather, with prices expected to rise by only 1%-3% compared to August [5]

Group 1 - The overall consumption market in August remained stable, with the Consumer Price Index (CPI) unchanged month-on-month and a year-on-year decrease of 0.4% [1] - The core CPI, excluding food and energy prices, increased by 0.9% year-on-year, marking the fourth consecutive month of growth [1] - The Producer Price Index (PPI) month-on-month changed from a decline of 0.2% in the previous month to being flat [1] Group 2 - The year-on-year decline in CPI was attributed to a high comparison base from the previous year and lower-than-seasonal food price increases this month [1] - Food prices rose by 0.5% month-on-month in August, which was 1.1 percentage points lower than the seasonal level [1] - The PPI ended an eight-month downward trend, with improvements in supply-demand relationships leading to price increases in some energy and raw material sectors [1] - The year-on-year PPI decreased by 2.9%, but the decline narrowed by 0.7 percentage points compared to the previous month, marking the first narrowing since March of this year [1]

Group 1 - The consumer market in China remained generally stable in August, with the Consumer Price Index (CPI) unchanged month-on-month and a year-on-year decline [1] - The core CPI, excluding food and energy prices, saw a year-on-year increase of 0.9%, marking the fourth consecutive month of expansion in its growth rate [1] - Prices for industrial consumer goods, excluding energy, rose by 1.5% year-on-year, with an increase of 0.3 percentage points compared to the previous month [1] Group 2 - Key categories such as grain, pork, and eggs showed overall sufficient supply, with prices decreasing by 1%, 16%, and 14% year-on-year, respectively [1] - Prices for beef and aquatic products increased, with year-on-year growth rates of 4% and 2% [1] - In the household goods and services sector, appliance consumption grew rapidly, with home appliance prices rising by 5% year-on-year [1] Group 3 - The Producer Price Index (PPI) for industrial producers remained unchanged month-on-month in August, ending an eight-month downward trend [2] - The year-on-year decline in PPI narrowed by 0.7 percentage points compared to the previous month, marking the first contraction since March of this year [2]

Core Insights - The consumer market in China remained generally stable in August, with the Consumer Price Index (CPI) unchanged month-on-month and a year-on-year decline of 0.4% [1] - The core CPI, excluding food and energy prices, increased by 0.9% year-on-year, marking the fourth consecutive month of growth in this metric [1] Economic Indicators - National Bureau of Statistics released data indicating that the CPI did not change on a month-to-month basis [1] - Year-on-year CPI decreased by 0.4%, reflecting a slight contraction in consumer prices [1] - Core CPI, which excludes volatile food and energy prices, showed a year-on-year increase of 0.9%, indicating a strengthening trend in underlying inflation [1]

Core Insights - The consumer market in China is operating steadily, with the Consumer Price Index (CPI) remaining flat month-on-month in August and showing a year-on-year decline of 0.4% [2] - The core CPI, which excludes food and energy prices, increased by 0.9% year-on-year, marking the fourth consecutive month of growth in this metric [2] Economic Indicators - The national statistics bureau reported that the overall consumer market is stable, indicating resilience in consumer spending [2] - The flat month-on-month CPI suggests that inflationary pressures are currently subdued, which may influence monetary policy decisions [2] - The year-on-year decline in the overall CPI could reflect changes in consumer behavior and economic conditions [2]

Group 1 - The overall consumer market in August remained stable, with the Consumer Price Index (CPI) unchanged month-on-month and down 0.4% year-on-year [1] - The core CPI, excluding food and energy prices, increased by 0.9% year-on-year, marking the fourth consecutive month of growth [1] - The Producer Price Index (PPI) month-on-month shifted from a decline of 0.2% in the previous month to being flat [1] Group 2 - The year-on-year decline in CPI was attributed to a high comparison base from the previous year and lower-than-seasonal food price increases this month [1] - Food prices rose by 0.5% month-on-month in August, which was 1.1 percentage points lower than the seasonal average [1] - The PPI ended an eight-month downward trend, with improvements in supply-demand relationships causing some energy and raw material prices to rise month-on-month [1] - Year-on-year, the PPI decreased by 2.9%, but the decline narrowed by 0.7 percentage points compared to the previous month, marking the first narrowing since March of this year [1]

Core Insights - The consumer market in August remained generally stable, with the Consumer Price Index (CPI) unchanged month-on-month and down 0.4% year-on-year [1] - The core CPI, excluding food and energy prices, increased by 0.9% year-on-year, marking the fourth consecutive month of growth [1] - The Producer Price Index (PPI) month-on-month shifted from a decline of 0.2% in the previous month to flat [1] CPI Analysis - The year-on-year decline in CPI is attributed to a high comparison base from the previous year and lower-than-seasonal food price increases this month [1] - Food prices rose by 0.5% month-on-month, which is approximately 1.1 percentage points lower than the seasonal average [1] PPI Analysis - The PPI ended an eight-month downward trend, with month-on-month changes influenced by improved supply-demand relationships leading to price increases in some energy and raw material sectors [1] - Year-on-year, the PPI decreased by 2.9%, but the decline narrowed by 0.7 percentage points compared to the previous month, marking the first contraction in the decline since March of this year [1]

转自：中华工商时报 （来源：中华工商时报） 9月10日，消费者在山东省青州市一家超市选购商品。国家统计局9月10日发布数据显示，8月份，消费 市场运行总体平稳，全国居民消费价格指数（CPI）环比持平，同比下降0.4%，扣除食品和能源价格的 核心CPI同比上涨0.9%，涨幅连续第4个月扩大。新华社发王继林/摄 ...

国家统计局9月10日发布数据显示，8月份，消费市场运行总体平稳，全国居民消费价格指数（CPI）环 比持平，同比下降0.4%，扣除食品和能源价格的核心CPI同比上涨0.9%，涨幅连续第4个月扩大。 ↑ 9月10日，消费者在山东省滕州市一家超市选购商品。新华社发（孙杨摄） ↑ 9月10日，消费者在山东省青州市一家超市选购商品。新华社发（王继林摄） ↑ 9月10日，消费者在云南省蒙自市一家超市选购商品。新华社发（薛莹莹摄） ↑ 9月10日，消费者在江苏省无锡市一家超市选购食品。新华社发（还月亮摄） ↑ 9月10日，消费者在湖北省武汉市一家手机专卖店选购手机。新华社发（赵军摄） ↑ 9月10日，消费者在山东省枣庄市一家超市选购商品。新华社发（孙中喆摄） ↑ 9月10日，消费者在山东省枣庄市一家超市选购调味品。新华社发（孙中喆摄） ↑ 9月10日，消费者在山东省临沂市平邑县一家超市选购蔬菜。新华社发（武纪全摄） ↑ 9月10日，消费者在江苏省连云港市海州区一家超市选购蔬菜。新华社发（耿玉和摄） ...

Core Insights - The Consumer Price Index (CPI) in August decreased by 0.4% year-on-year and remained flat month-on-month, while the Producer Price Index (PPI) fell by 2.9% year-on-year, with the decline narrowing by 0.7 percentage points compared to the previous month [1][6] - The data aligns with market expectations, and attention should be paid to the impact of seasonal consumption, special bond fund implementation, and overseas oil price fluctuations in September and October [1][7] CPI Analysis - The overall consumer market remained stable in August, with the core CPI (excluding food and energy) rising by 0.9% year-on-year, marking the fourth consecutive month of growth [3] - Food prices dropped significantly, with pork, fresh vegetables, and eggs decreasing by 16.1%, 15.2%, and 14.2% year-on-year, respectively, contributing to a downward pressure on the CPI [4] - The core CPI's increase was influenced by rising prices of gold and platinum jewelry, which rose by 36.7% and 29.8% year-on-year, respectively [3] PPI Analysis - The PPI ended an eight-month downward trend, stabilizing month-on-month after a 0.2% decline in the previous month [5][6] - Improvements in supply-demand relationships led to price increases in certain energy and raw material sectors, such as coal processing and black metal smelting [5] - The PPI's year-on-year decline of 2.9% is the first narrowing since March, attributed to a lower comparison base from the previous year and the implementation of proactive macro policies [6] Future Outlook - Analysts suggest that the PPI may enter a recovery phase starting in August due to favorable low base conditions from the previous year [6] - The ongoing optimization of market competition and the rise of new consumption demands are expected to support price improvements in various sectors [6] - The low inflation environment continues to provide room for monetary easing, which may help marginally restore corporate profit expectations [7]