其中，油价变动影响能源价格降幅比上月收窄1.0个百分点，对CPI同比的下拉影响比上月减少约 0.08个百分点；受国际大宗商品价格变动影响，金饰品和铂金饰品价格同比分别上涨39.2%和15.9%，合 计影响CPI同比上涨约0.21个百分点。 中新社北京7月9日电 (记者 王恩博)中国国家统计局9日公布，6月份，扩内需、促消费政策持续显 效，中国居民消费价格指数(CPI)同比由上月下降转为上涨0.1%；扣除食品和能源价格的核心CPI同比涨 幅扩大至0.7%，创近14个月以来新高。 国家统计局城市司首席统计师董莉娟表示，6月份CPI同比连续下降4个月后转涨，主要受工业消费 品价格有所回升影响。当月，工业消费品价格同比降幅由上月的1.0%收窄至0.5%，对CPI同比的下拉影 响比上月减少约0.18个百分点。 从更体现近期价格变化情况的环比看，6月份CPI下降0.1%，降幅比上月收窄0.1个百分点。受高 温、降雨较常年同期偏多影响，食品价格环比下降0.4%，降幅小于季节性水平。受国际油价变动影 响，汽油价格环比由上月下降3.8%转为上涨0.4%。扣除能源的工业消费品价格环比上涨0.1%，其中铂 金饰品价格环比上涨12. ...

Core Insights - The Consumer Price Index (CPI) in June increased by 0.1% year-on-year, ending a four-month decline, primarily driven by a rebound in industrial consumer goods prices [2][3] - The Producer Price Index (PPI) showed a stable trend in certain industries, despite a year-on-year decline, indicating improvements in supply-demand relationships [5][6] CPI Analysis - In June, the CPI rose 0.1% year-on-year, with food prices decreasing by 0.3% and non-food prices increasing by 0.1% [2] - The year-on-year decline in industrial consumer goods prices narrowed from 1.0% to 0.5%, contributing less to the CPI's downward pressure [2] - Notably, gold and platinum jewelry prices increased by 39.2% and 15.9% respectively, collectively contributing approximately 0.21 percentage points to the CPI increase [2] PPI Trends - The PPI's month-on-month decline remained unchanged, but the year-on-year decline widened by 0.3 percentage points [5] - Certain industries, such as the manufacturing of gasoline and new energy vehicles, saw price increases of 0.5% and 0.3% respectively, with year-on-year declines narrowing [5] - The prices of photovoltaic equipment and lithium-ion batteries decreased by 10.9% and 4.8% respectively, but the rate of decline has slowed [5][6] Sector-Specific Insights - The rental demand for housing increased during the graduation season, leading to a 0.1% rise in rental prices [4] - High-tech sectors are experiencing price increases, with integrated circuit packaging and testing prices rising by 3.1% [6] - The prices of daily necessities and clothing increased by 0.8% and 0.1% respectively, reflecting a growing demand for high-quality living [5][6]

Group 1 - The core viewpoint of the article highlights the positive shift in the Consumer Price Index (CPI) in June, indicating a recovery in consumer demand and the effectiveness of consumption-boosting policies [4][5][6] - In June, the CPI increased by 0.1% year-on-year after four consecutive months of decline, primarily driven by a rebound in industrial consumer goods prices [5][6][8] - The core CPI, excluding food and energy, rose by 0.7% year-on-year, marking the highest increase in nearly 14 months [8] Group 2 - In June, the Producer Price Index (PPI) decreased by 0.4% month-on-month, with a year-on-year decline of 3.6%, which is a larger drop compared to the previous month [2][11][14] - Factors contributing to the PPI decline include seasonal price drops in raw materials, increased green energy leading to lower energy prices, and downward pressure on prices in export-oriented industries due to global trade slowdowns [12][13][14] - Despite the PPI decline, some industries are experiencing price stabilization and recovery due to improved supply-demand relationships and supportive macroeconomic policies [14][15]

Group 1: CPI Analysis - In June, the Consumer Price Index (CPI) turned from a decline to an increase of 0.1% year-on-year after four consecutive months of decline [3][4] - The core CPI, excluding food and energy prices, rose by 0.7% year-on-year, marking a 14-month high [7] - The decline in industrial consumer goods prices narrowed from 1% to 0.5% year-on-year, reducing the downward pressure on CPI by approximately 0.18 percentage points [6] Group 2: PPI Analysis - The Producer Price Index (PPI) fell by 0.4% month-on-month and decreased by 3.6% year-on-year, with the year-on-year decline widening by 0.3 percentage points compared to the previous month [6][10] - Factors contributing to the PPI decline include seasonal price decreases in raw materials, increased green energy leading to lower energy prices, and downward pressure on prices in export-oriented industries due to a slowdown in global trade [10][11] - The construction and infrastructure sectors faced challenges due to seasonal weather impacts, affecting project progress and contributing to the PPI decline [10]

Core Insights - In June, the Consumer Price Index (CPI) turned from a decline to an increase of 0.1% year-on-year after four consecutive months of decline, primarily driven by a rebound in industrial consumer goods prices [1] - The month-on-month CPI decreased by 0.1%, with the decline narrowing by 0.1 percentage points compared to the previous month [1] - The core CPI, excluding food and energy prices, continued to recover, rising by 0.7% year-on-year [1] - The Producer Price Index (PPI) decreased by 0.4% month-on-month, maintaining the same decline as the previous month, while year-on-year it fell by 3.6%, with the decline widening by 0.3 percentage points compared to the previous month [1] - The decrease in food prices was less than seasonal expectations, indicating some stability in the market [1] - Certain industries showed signs of price stabilization and recovery [1]

Core Points - In June 2025, the national consumer price index (CPI) increased by 0.1% year-on-year, with urban prices rising by 0.1% and rural prices decreasing by 0.2% [1] - The CPI decreased by 0.1% month-on-month in June 2025, with urban prices also down by 0.1% and rural prices remaining stable [2] - For the first half of 2025, the national CPI decreased by 0.1% compared to the same period last year [1] Year-on-Year Price Changes - In June, food and tobacco prices rose by 0.1%, contributing approximately 0.03 percentage points to the CPI increase [4] - Fresh fruit prices surged by 6.1%, adding about 0.12 percentage points to the CPI, while pork prices fell by 8.5%, reducing the CPI by approximately 0.12 percentage points [4] - Other categories showed mixed results, with clothing prices up by 1.6% and education and entertainment prices up by 1.0%, while transportation and communication prices fell by 3.7% [4] Month-on-Month Price Changes - In June, food and tobacco prices decreased by 0.3%, impacting the CPI by approximately -0.09 percentage points [6] - Fresh fruit prices dropped by 3.3%, contributing to a CPI decrease of about 0.07 percentage points, while vegetable prices increased by 0.7%, adding 0.01 percentage points to the CPI [6] - Other categories experienced varied changes, with healthcare prices rising by 0.1% and transportation prices remaining stable [6] Summary of Price Changes by Category - Food and tobacco prices decreased by 0.3% month-on-month and increased by 0.1% year-on-year [8] - Fresh vegetables saw a month-on-month increase of 0.7% but a year-on-year decrease of 0.4% [9] - Transportation and communication prices remained stable month-on-month but decreased by 3.7% year-on-year [9]

Core Viewpoint - In May 2025, the national consumer price index (CPI) showed a year-on-year decrease of 0.1%, with urban prices remaining stable and rural prices declining by 0.4% [1][2] Price Changes Overview Year-on-Year Changes - Food prices decreased by 0.4%, while non-food prices remained stable [1] - The average CPI for January to May 2025 also decreased by 0.1% compared to the same period last year [2] - Among various categories, food and tobacco prices increased by 0.1%, contributing approximately 0.02 percentage points to the CPI increase [1] - Fresh fruit prices rose by 5.5%, impacting the CPI by approximately 0.12 percentage points, while fresh vegetable prices fell by 8.3%, leading to a CPI decrease of about 0.17 percentage points [1][2] Month-on-Month Changes - In May, the CPI decreased by 0.2% month-on-month, with both urban and rural areas experiencing a decline of 0.2% [1][2] - Food prices fell by 0.2%, contributing to a CPI decrease of approximately 0.05 percentage points [1] - Fresh vegetable prices saw a significant decline of 5.9%, impacting the CPI by approximately 0.12 percentage points [1][2] Category-Specific Price Movements Food and Tobacco - Year-on-year, food and tobacco prices decreased by 0.2%, with specific declines in grain prices by 1.4% and fresh vegetable prices by 8.3% [2][3] - Pork prices increased by 3.1% year-on-year, while egg prices decreased by 3.5% [1][2] Clothing - Clothing prices increased by 1.5% year-on-year, with specific increases in apparel and footwear prices [3] Housing - Housing prices remained stable, with rental prices showing no change [3] Transportation and Communication - Transportation and communication prices decreased by 4.3% year-on-year, with fuel prices for transportation dropping by 12.9% [3] Education, Culture, and Entertainment - Prices in this category increased by 0.9% year-on-year, with education services rising by 1.2% [3] Healthcare - Healthcare prices increased by 0.3% year-on-year, with medical services rising by 0.7% [3] Other Goods and Services - Prices in this category rose by 7.3% year-on-year, indicating a significant increase in demand or costs [3]

Group 1 - In May, the Consumer Price Index (CPI) in Yongzhou City decreased by 0.6% year-on-year and by 0.3% month-on-month [1] - Among eight categories of goods, five experienced price increases while three saw declines year-on-year [1] - The prices of other goods and services rose by 7.5%, while transportation and communication prices fell by 3.5% year-on-year [1] Group 2 - Non-food prices decreased by 0.3% month-on-month, with service prices down by 0.1%, contributing to a CPI decline of approximately 0.04 percentage points [2] - Housing prices, both self-owned and rental, fell by 0.7% and 0.4% respectively, impacting CPI by about 0.10 percentage points [2] - International oil price declines led to domestic gasoline and diesel prices dropping by 3.8% and 4.0%, respectively, affecting CPI by approximately 0.15 percentage points [2]

Group 1 - The core viewpoint is that despite a slight decline in China's Consumer Price Index (CPI) in May, the economy is maintaining stable operation, and the effects of policies to boost consumption are becoming evident [1][2] - In May, China's CPI decreased by 0.1% year-on-year and 0.2% month-on-month, primarily influenced by international import factors and falling food prices [1] - Energy prices in the CPI fell by 6.1% year-on-year in May, with the decline expanding by 1.3 percentage points compared to the previous month, contributing approximately 0.47 percentage points to the overall CPI decline [1] Group 2 - The core CPI, which excludes food and energy prices, increased by 0.6% year-on-year in May, reflecting a gradual strengthening of domestic demand's impact on prices [2] - The policy of replacing old consumer goods with new ones has boosted the prices of related industrial consumer goods, with prices excluding energy rising by 0.6% year-on-year in May [2] - Prices for durable consumer goods, such as mobile phones and computers, increased by 1.8%, while service prices rose by 0.5% year-on-year, driven by holiday demand and expanding educational and cultural needs [2]

Core Viewpoint - In May, the Consumer Price Index (CPI) in Jinan experienced a year-on-year increase of 0.3% and a month-on-month decrease of 0.4%, with an average increase of 0.5% from January to May compared to the same period last year [1] Price Changes Year-on-Year - In May, Jinan's eight major categories of prices showed a trend of "three increases, one stable, and four decreases." Specifically, prices for other goods and services, education, culture, and entertainment rose by 9.4%, 6.1%, and 2.2% respectively, while medical care remained stable. Conversely, transportation and communication, housing, food and tobacco, and daily necessities saw declines of 4.6%, 0.6%, 0.4%, and 0.2% respectively [3] - Within food prices, fresh vegetable prices fell by 7.6%, egg prices by 6.6%, dairy prices by 4.7%, pork prices by 4.7%, poultry prices by 3.8%, cooking oil prices by 3.6%, and grain prices by 0.8%. Conversely, prices for tubers increased by 8.3%, fresh fruit by 6.9%, seafood by 1.3%, and beef by 0.1% [3] Price Changes Month-on-Month - In May, Jinan's eight major categories of prices exhibited a trend of "three increases and five decreases." Prices for other goods and services, clothing, and medical care increased by 1.4%, 0.2%, and 0.1% respectively. In contrast, prices for daily necessities, transportation and communication, food and tobacco, education, culture, and entertainment, and housing decreased by 1.3%, 1.2%, 0.7%, 0.2%, and 0.2% respectively [4] - Within food prices, fresh vegetable prices decreased by 12.2%, poultry prices by 2.3%, egg prices by 1.4%, dairy prices by 0.4%, and pork prices by 0.1%. On the other hand, beef prices rose by 3.1%, fresh fruit prices by 1.7%, cooking oil prices by 1.0%, tuber prices by 0.9%, seafood prices by 0.8%, and grain prices by 0.4% [4]