2026年是通胀低于2%的重要一年。 只要政策合适，通胀低于目标水平只是暂时的。 绝不能夸大2026年通胀低于预期一事。 欧洲央行会议纪要：能源、欧元是CPI的主要推动力。 欧元走强可能加剧出口的不利因素。 ...

智通财经7月3日电，瑞士6月CPI同比增长0.1%，预期下降0.1%；6月CPI环比增长0.2%，预期持平。 ...

Group 1: CPI and PPI Trends - In April, the Consumer Price Index (CPI) showed a month-on-month increase of 0.1%, while the year-on-year CPI decreased by 0.1%, maintaining the same decline as in March [1] - The Producer Price Index (PPI) decreased by 2.7% year-on-year, with the decline slightly widening compared to March, and a month-on-month decrease of 0.4% [1][2] - Energy prices fell by 4.8% year-on-year, with gasoline prices dropping by 10.4%, contributing approximately 0.38 percentage points to the CPI decline [1][2] Group 2: Food and Service Prices - Food prices saw a narrowing year-on-year decline, with a month-on-month increase of 0.2%, which is above seasonal levels; beef prices rose by 3.9% month-on-month due to reduced imports [2] - Travel service prices increased significantly, with airfares rising by 13.5%, vehicle rental fees by 7.3%, hotel accommodation by 4.5%, and tourism prices by 3.1% [2] - The core CPI, excluding food and energy, rose by 0.5% year-on-year, indicating the gradual effect of policies aimed at boosting domestic demand and consumption [2] Group 3: High-Tech Industry Impact - The development of high-tech industries, such as smart manufacturing and high-end equipment manufacturing, has led to price increases in related sectors, with wearable device manufacturing prices rising by 3.0% year-on-year [3] - The diversification of trade and market expansion has resulted in price increases or reduced declines in some export sectors, such as integrated circuit packaging and testing, which saw a 2.7% year-on-year price increase [3] - Recent financial support policies, including interest rate cuts, are expected to provide significant support for future price trends [3]

俄罗斯6月30日当周CPI周环比上升0.07%（6月23日当周上升0.04%），2025年迄今CPI上升3.76%（前次 升幅报3.68%）。 4月薪资同比增长4.6%。 一季度经济同比扩张1.4%。 5月零售销售同比增长1.8%，建筑活动同比增长0.1%，货物发送量同比下降0.9%，失业率2.2%。 ...

Report Industry Investment Rating - Not provided in the given content Core Viewpoints of the Report - In economic growth, cement prices have dropped to the lowest level in the same period of the past five years, while power plant daily consumption has been rising continuously. In terms of inflation, pork prices are fluctuating at a low level, and oil prices are oscillating [1][3] Summary According to the Table of Contents 1. Economic Growth: Cement Drops to the Lowest Level in the Same Period of the Past Five Years 1.1 Production: Power Plant Daily Consumption Continues to Rise - Power plant daily consumption is rising continuously. On July 1, the average daily consumption of 6 major power - generating groups was 842,000 tons, a 5.1% increase from June 24. On June 24, the daily consumption of power plants in eight southern provinces was 1.84 million tons, a 0.7% increase from June 13 [4][11] - The blast furnace operating rate remains stable at a high level. On June 27, the national blast furnace operating rate was 83.8%, unchanged from June 20; the capacity utilization rate was 90.85%, a 0.04 - percentage - point increase from June 20. The blast furnace operating rate of Tangshan steel mills was 94.2%, unchanged from June 20 [4][14] - The tire operating rate fluctuates within a narrow range. On June 26, the operating rate of automobile all - steel tires was 65.6%, a 0.2 - percentage - point increase from June 19; the operating rate of automobile semi - steel tires was 78.1%, a 0.2 - percentage - point decrease from June 19. The operating rate of looms in the Jiangsu and Zhejiang regions declined slightly [4][17] 1.2 Demand: Cement Drops to the Lowest Level in the Same Period of the Past Five Years - The property market sales continue to improve month - on - month. On July 1, the average daily sales area of commercial housing in 30 large and medium - sized cities was 235,000 square meters, a 103.0% increase from June, a 46.6% decrease from July last year, and a 5.7% increase from July 2023 [4][21] - The automobile market retail sales are stable and relatively strong. In June, retail sales increased by 24% year - on - year, and wholesale sales increased by 14% year - on - year [4][23] - Steel prices vary. On July 1, compared with June 24, rebar, wire rod, hot - rolled coil, and cold - rolled prices increased by 1.3%, decreased by 1.9%, increased by 1.6%, and decreased by 0.3% respectively [4][28] - Cement has dropped to the lowest level in the same period of the past five years. On July 1, the national cement price index decreased by 1.4% compared with June 24. The cement prices in East China and the Yangtze River regions decreased by 3.5% and 4.3% respectively, weaker than the national average [4][29] - Glass prices fluctuate weakly. On July 1, the active glass futures contract price was 988 yuan/ton, a 2.6% decrease from June 24 [4][35] - The decline of the container shipping freight rate index has slowed down. On June 27, the CCFI index increased by 2.0% compared with June 20, while the SCFI index decreased by 0.4% [4][38] 2. Inflation: Pork Prices Fluctuate at a Low Level 2.1 CPI: Pork Prices Fluctuate at a Low Level - Pork prices fluctuate at a low level. On July 1, the average wholesale price of pork was 20.2 yuan/kg, a 0.4% decrease from June 24 [4][42] - The agricultural product price index is declining moderately. On July 1, the agricultural product wholesale price index decreased by 0.3% compared with June 24 [4][47] 2.2 PPI: Oil Prices Oscillate - Oil prices oscillate. On July 1, the spot prices of Brent and WTI crude oil were 68.8 and 65.5 US dollars/barrel respectively, a 0.6% decrease and a 1.7% increase from June 24 [4][50] - Copper and aluminum prices rise. On July 1, the LME 3 - month copper and aluminum prices increased by 2.2% and 1.4% respectively compared with June 24 [4][54] - The month - on - month increase of the domestic commodity index has narrowed. On July 1, the Nanhua Industrial Products Index increased by 0.2% compared with June 24, and the CRB index increased by 0.4% [4][54] - Industrial product prices vary. Since July, the month - on - month prices of coking coal, coke, and hot - rolled sheets have increased, while the month - on - month prices of cement, glass, steam coal, and other steel products have decreased. The year - on - year decline of most industrial product prices has narrowed [59]

韩国6月CPI环比持平，预估为+0.1%。 韩国6月CPI同比+2.2%，预估为+2.1%。 ...

韩国6月CPI同比增长2.2%，预估为2.1%。 ...

Group 1 - Domestic refined oil prices will increase again on July 1, following two price hikes in June, with gasoline and diesel prices expected to rise by 235 and 225 yuan per ton respectively [1] - The adjustment mechanism for domestic refined oil prices is based on the weighted average price of international crude oil over the past 10 working days, indicating that prices are adjusted every ten working days [1] - The cumulative adjustment of gasoline and diesel prices in the first half of the year has seen a decrease of 330 yuan and 315 yuan per ton respectively, despite the upcoming price increase [2] Group 2 - The Consumer Price Index (CPI) for the first five months of the year has shown a year-on-year decline of 0.4%, with refined oil prices categorized under the transportation and communication sector [2] - The increase in refined oil prices may not directly lead to a rise in CPI, as CPI changes depend on various independent factors, and the transmission of oil price increases to consumer goods and services may experience delays [2] - A substantial recovery in CPI is contingent upon domestic demand recovery, rather than solely on the increase in refined oil prices [2]

欧元区6月CPI年率初值及月率初值将于十分钟后公布。 ...

欧洲央行首席经济学家连恩：欧洲央行必须做好准备应对CPI的任何偏差。 ...