Core Insights - The Producer Price Index (PPI) in the United States for May increased by 2.6% year-on-year, matching expectations and revising the previous value from a growth of 2.40% to 2.5% [1] - The month-on-month PPI for May rose by 0.1%, slightly below the expected increase of 0.20% [1] Summary by Category - **Year-on-Year PPI Growth** - The year-on-year PPI growth for May stands at 2.6%, aligning with market expectations [1] - The previous value was revised from 2.40% to 2.5%, indicating a slight adjustment in inflationary trends [1] - **Month-on-Month PPI Growth** - The month-on-month PPI growth recorded a 0.1% increase, which is lower than the anticipated 0.20% [1]

本文来自彭博终端，终端用户可运行NSN SX9236DWRGG0 阅读原文。非终端用户可点击文末 "阅读原文" 预约演示。 伴随行业飞速发展、地缘政治博弈、供需天平摇摆…全球能源市场时刻处于动荡之中。彭博行 业研究（Bloomberg Intelligence）为您及时传递行业动态，并基于高质量数据、模型与分析 助您解读市场变化，看见全局、看向前景。 扫描二维码 立即订阅 彭博能源行业研究双周报 本期主题： 供应冲击或是玉米、大豆、小麦价格走高的必要条件 (彭博行业研究)——如果生长季玉米产区长势良好，2 0 2 5年恐怕没有什么因素能够阻止原油 价格的下跌趋势传导至谷物价格。在南美地区产量和出口量（尤其是大豆）创下纪录之际， 玉米面临的风险最高，我们认为玉米价格可能会跌破4美元/蒲式耳，而非保持在5美元上 方。 下行趋势：天气因素和空头回补反弹 除非玉米产区出现旱情，否则玉米、大豆和小麦价格更有可能下跌而非上涨的趋势将持续到 年底。在史上最大规模的货币大放水以及俄乌冲突之后（后者似乎是价格飙升的主要驱动因 素），价格可能回落至2 0 1 9年水平。这两个导致价格大幅上涨的因素的独特组合引发了供应 弹性增强， ...

金十数据6月12日讯，中金公司发文称，往前看，我们倾向于未来几个月会看到美国一轮物价上涨，但 与2021-2022年不同，此轮涨价更具有结构性和一次性特征，并非全面通胀。对于美联储而言，温和的 通胀数据是个好消息，但官员们也不会因为单个月的数据就做出重大决策。由于当前劳动力市场仍然稳 定，美联储不需要急于降息，官员们或更倾向于多看几组数据再做决定。下周，美联储将迎来6月议息 会议。我们认为，相较于3月未见"对等关税"之时的点阵图，6月FOMC可能会小幅上调通胀预测，但由 于非农就业韧性以及关税降温，联储对于增长的判断可能比3月更乐观。由此，鲍威尔在这次会议上的 态度可能偏鹰，这或让期待美联储降息的投资者感到失望。 中金：鲍威尔在6月议息会议上的态度可能偏鹰 ...

Group 1 - The core point of the article indicates that Russia's Consumer Price Index (CPI) increased by 0.03% week-on-week for the week ending June 9, and has accumulated a rise of 3.6% year-to-date in 2025 [1]

冉学东 5月份CPI仍然是-0.1%，今年前五个月，除了1月份属于春节错位影响之外，其他四个月均为负增长，物价反映了 宏观经济运行的一个重要趋势，物价趋势仍然是市场最为关注的宏观变量。 最新出台的今年5月份CPI同比-0.1%，持平前值；PPI同比-3.3%，低于前值的-2.7%。1-5月CPI累计同比下降 0.1%；5月PPI同比下降3.3%，上月为下降2.7%，1-5月PPI累计同比下降2.6%。5月份的PPI跌幅有所扩大。 有券商数据显示，按CPI和PPI权重分别为60%和40%模拟的平减指数为-1.38%，低于前值的-1.14%，为过去16个月 以来最低。 5月份CPI继续下降的原因是能源和食品都在下降，食品方面，5月蔬菜价格同比降幅由上月的-5.0%扩大到-8.3%， 猪肉价格同比涨幅也出现回落，食品价格的下跌主要原因可能还是餐饮需求比较弱。能源方面，受5月上旬国际原 油价格走低影响，当月国内成品油价格下调，能源价格同比下降6.1%，降幅比上月扩大1.3个百分点，影响CPI同 比下降约0.47个百分点，是导致5月CPI同比下降的主要因素。 核心CPI同比0.6%，较前值略有上行。主要是受五一假期影响 ...

Core Viewpoint - Following the release of the U.S. Consumer Price Index (CPI) data, traders have increased their bets on the Federal Reserve starting to cut interest rates in September [1] Group 1 - The U.S. CPI data has influenced market expectations regarding interest rate cuts by the Federal Reserve [1]

Group 1: Gold Market Analysis - The upcoming US Consumer Price Index (CPI) report is anticipated to influence the Federal Reserve's interest rate policy, with traders closely monitoring the inflation data [1] - Current gold prices are fluctuating within the range of $3300 to $3350, indicating a potential breakout in the near future [1] - The MACD indicator suggests a weakening bullish momentum, although the market remains in a bullish trend overall [1] Group 2: Gold Trading Recommendations - Short selling plans include two strategies: selling at $3354-$3359 and $3380-$3385, with stop-losses set at 8 points [3] - Long buying plans include two strategies: buying at $3325-$3330 and $3265-$3270, also with stop-losses set at 8 points [3] Group 3: Oil Market Analysis - Oil prices are under pressure due to uncertainties surrounding global trade and the impact on oil demand, particularly regarding US-China trade relations [1] - The market is awaiting the results of trade negotiations and the EIA data for further direction, with current prices fluctuating around $65 [1] - The daily chart indicates a bullish trend, but recent price action suggests a potential shift in the short-term trend [1] Group 4: Oil Trading Recommendations - Short selling plans include two strategies: selling at $65.2-$65.5 and $66.4-$66.6, with targets set at $63.8 [5] - Long buying plans include two strategies: buying at $64.2-$63.8 and $62.5-$62.8, with targets set at $65.5 [5]

日本首相石破茂：政府高度重视物价上涨问题。 ...

日本首相石破茂：政府正全力以赴应对不断上升的物价。 ...

Group 1 - The core point of the article indicates that Japan's domestic corporate goods price index decreased by 0.2% in May, contrasting with the expected increase of 0.2% and the previous value of 0.20% [1]