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]

上天天基金APP搜索【777】注册即可 领500元券包，优选基金10元起投！限量发放！先到 先得！ 国家统计局7月9日发布数据显示，6月份，扩内需、促消费政策持续显效，居民消费价格指数（CPI） 同比由上月下降转为上涨0.1%；环比下降0.1%，降幅比上月收窄0.1个百分点。 扣除食品和能源价格的 核心CPI同比继续回升，上涨0.7%，创近14个月以来新高。 6月份，工业生产者出厂价格指数（PPI）环比下降0.4%，降幅与上月相同；同比下降3.6%，降幅比上 月扩大0.3个百分点。 7月9日早盘，A股三大指数震荡走强，上证指数时隔8个月重回3500点。 CPI同比由降转涨 "6月份，CPI同比上涨0.1%，为连续下降4个月后转涨。"国家统计局城市司首席统计师董莉娟表示， CPI同比由降转涨主要受工业消费品价格有所回升影响。 图片来源：国家统计局 数据显示， 6月份，工业消费品价格同比降幅由上月的1%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 。其中，促消费政策效应持续显现，6月份，文娱耐用消费品、家用纺织品和家用 器具价格同比分别上涨2%、2%和1%；汽车价格降幅逐步收窄，燃油小汽车 ...

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]

齐鲁晚报.齐鲁壹点管悦 6月13日，国家统计局济南调查队公布5月份济南CPI(居民消费价格指数)相关情况。5月份，济南CPI(居 民消费价格指数)同比上涨0.3%，环比下降0.4%，1-5月平均，济南居民消费价格较上年同期上涨0.5%。 从各类商品及服务价格同比变动情况来看，5月份，济南市八大类价格同比呈"三涨一平四降"态势。其 中其他用品及服务、教育文化娱乐、衣着价格分别上涨9.4%、6.1%、2.2%，医疗保健持平，交通通 信、居住、食品烟酒、生活用品及服务价格分别下降4.6%、0.6%、0.4%、0.2%。食品价格中，鲜菜价 格下降7.6%，鸡蛋价格下降6.6%，奶类价格下降4.7%，猪肉价格下降4.7%，禽肉类价格下降3.8%，食 用油价格下降3.6%，粮食价格下降0.8%。薯类价格上涨8.3%，鲜果价格上涨6.9%，水产品价格上涨 1.3%，牛肉价格上涨0.1%。 从各类商品及服务价格环比变动情况来看，5月份，济南市八大类价格环比呈"三涨五降"态势。其他用 品及服务、衣着、医疗保健价格分别上涨1.4%、0.2%、0.1%。生活用品及服务、交通通信、食品烟 酒、教育文化娱乐、居住价格分别下降1.3%、 ...

Group 1: Consumer Price Index (CPI) Analysis - In May 2025, Guangdong's Consumer Price Index (CPI) decreased by 0.4% year-on-year, maintaining the same decline as the previous month, and a month-on-month decrease of 0.1% compared to a 0.3% increase in the previous month, resulting in a fluctuation of 0.4 percentage points [1] - The average CPI for January to May 2025 was down 0.4% compared to the same period last year [1] - Factors influencing the CPI included a 4.0% increase in fresh fruit prices due to the arrival of lychee season and increased demand from warmer weather, and a 2.3% increase in aquatic product prices due to reduced market supply during the fishing ban and increased demand during holidays, collectively contributing approximately 0.15 percentage points to the CPI increase [1] Group 2: Producer Price Index (PPI) Analysis - In May 2025, Guangdong's Producer Price Index (PPI) decreased by 1.8% year-on-year, with the decline widening by 0.4 percentage points compared to the previous month, and a month-on-month decrease of 0.2% [1] - The average PPI for January to May 2025 was down 1.3% year-on-year [1] - The Industrial Producer Purchase Price Index (IPI) also saw a year-on-year decrease of 3.1% and a month-on-month decrease of 0.4% [1] - The decline in PPI was influenced by falling international crude oil prices, overcapacity in certain industries, and insufficient downstream market demand [1][2] - In the PPI survey of 38 major industries, 6 industries saw price increases, 26 experienced price declines, and 6 remained stable, indicating an industry price increase rate of 15.8% [2] - Specific industries affected included a 3.6% decrease in oil and gas extraction prices, a 3.0% decrease in petroleum, coal, and other fuel processing prices, and a 4.1% decrease in black metal mining prices due to reduced demand in the construction and real estate sectors [2]