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]

Group 1 - The core point of the article indicates that Japan's domestic corporate goods price index in May increased by 3.2% year-on-year, which is lower than the expected 3.5% and down from the previous value of 4% [1]

日本5月国内企业商品物价指数年率 3.2%，预期3.50%，前值4.00%。 ...

Group 1 - The Consumer Price Index (CPI) in China decreased by 0.2% month-on-month and 0.1% year-on-year in May, while the core CPI, excluding food and energy, increased by 0.6%, indicating a stable core price trend [1][2] - Energy prices were the main factor for the CPI decline, with a month-on-month decrease of 1.7%, contributing approximately 0.13 percentage points to the overall CPI drop [2] - The increase in core CPI and industrial consumer goods prices, along with rising prices for gold jewelry, household textiles, and durable goods, reflects positive changes in certain sectors [2][3] Group 2 - Hotel accommodation and tourism prices rose by 4.6% and 0.8% month-on-month in May, respectively, with hotel prices reaching a near ten-year high [4] - The "May Day" holiday saw 314 million domestic trips, a year-on-year increase of 6.4%, with total spending reaching 180.27 billion yuan, up 8.0% [6] - The tourism sector is becoming a significant growth area for consumer spending, supported by improved visa and travel policies, leading to a 130% year-on-year increase in inbound travel orders during the holiday [6][8] Group 3 - The Producer Price Index (PPI) showed a widening year-on-year decline, but marginal changes indicate improvements in supply-demand relationships in certain industries [9] - Consumer demand is shifting towards quality over price, with increased demand for high-end and energy-efficient products, driving price improvements in related sectors [10][12] - The manufacturing prices for high-end equipment and technology products, such as aircraft and semiconductor devices, have shown year-on-year increases, reflecting a trend towards high-end, intelligent, and green development in industries [12]

文 ： 华创证券研究所副所长 、首席宏观分析师 张瑜（执业证号：S0360518090001） 联系人：付春生（18482259975） 事 项 5月，CPI同比下降0.1%，预期下降0.2%，前值下降0.1%；核心CPI同比上涨0.6%，前值上涨0.5%。PPI同 比下降3.3%，预期下降3.2%，前值下降2.7%。 核心观点 物价环比的意义较同比可能更为重要。我们系统分析，从环比来看，今年以来的物价，哪些"强"，哪 些"弱"，更有助于全面和定量地看待物价的分化特征 。 CPI的"强"与"弱" 就CPI而言，因季节性较为明显且变动相对较小，若今年前5个月的环比累计涨幅大于2021-2024年同期环比 累计涨幅，定义为"强"，反之定义为"弱" 。 第一，整体来看 ，今年以来CPI环比累计涨幅为0%，弱于2021-24年同期的0.4%；但核心CPI环比累计涨幅 为0.5%，略好于2021-24年同期的0.4%。 第二，从大类来看 ， 食品 （ 今年环比累计涨幅-0.6%，过去4年同期为-1%，下同） 、 房租（0.1%， 0%）、核心商品（0.9%，0.1%） 价格"强"，能源（-2.3%，3.8%）、除房租以 ...

日本新任农林水产大臣小泉进次郎10日说，为平抑大米价格，日本政府计划进一步投放20万吨储备米。 小泉进次郎说，这些储备米将投放至大型零售商、规模相对较小的超市和专营商店。据共同社报道，20 万吨储备米中有10万吨产自2020年，另10万吨产自2021年。投放这批储备米后，日本储备米库的大米存 量预计将降至大约10万吨。(央视新闻) ...

日本央行行长植田和男：距离物价上涨2%仍有一段距离。 ...

日本央行行长植田和男：在有必要提振经济时，有有限的利率空间，目前短期利率仍维持在0.5%。 物价趋势升至2%仍有一些距离。 ...