Core Viewpoint - The article discusses the recent trends in China's Consumer Price Index (CPI) and Producer Price Index (PPI), highlighting a slight decline in CPI and a continued low level of PPI, while noting improvements in certain sectors due to policy measures aimed at boosting consumption [1][5]. CPI Analysis - In May, the CPI decreased by 0.2% month-on-month and 0.1% year-on-year, while the core CPI (excluding food and energy) rose by 0.6%, an increase of 0.1 percentage points from the previous month [1][4]. - The decline in CPI was primarily driven by a 1.7% drop in energy prices, which accounted for approximately 70% of the total decrease [3]. - Food prices fell by 0.2%, with seasonal vegetable supply increasing, leading to a 5.9% drop in fresh vegetable prices [3][4]. - Accommodation and tourism prices rose by 4.6% and 0.8%, respectively, indicating a recovery in consumer demand [3]. PPI Analysis - The PPI decreased by 0.4% month-on-month and 3.3% year-on-year, with the year-on-year decline widening by 0.6 percentage points [1][5]. - The decline in PPI was influenced by international factors, including a 5.6% drop in prices in the oil and gas extraction industry, which contributed significantly to the overall decrease [6][7]. - Despite the overall decline, some sectors showed positive price movements, particularly in consumer goods, driven by effective consumption-boosting policies [7][8]. - High-end manufacturing and technology sectors experienced price increases, with integrated circuit packaging and aircraft manufacturing prices rising by 3.6% [8].

Group 1: CPI Analysis - In May, the Consumer Price Index (CPI) decreased by 0.2% month-on-month and by 0.1% year-on-year, while the core CPI, excluding food and energy, increased by 0.6%, with the growth rate expanding by 0.1 percentage points compared to the previous month [1][2][3] - The month-on-month decline in CPI was primarily driven by a 1.7% decrease in energy prices, which accounted for approximately 70% of the total decline in CPI [2] - Food prices fell by 0.2%, with seasonal vegetables seeing a 5.9% price drop, while prices for eggs, pork, and poultry slightly decreased by 0.3% to 1.0% [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) decreased by 0.4% month-on-month and by 3.3% year-on-year, with the year-on-year decline expanding by 0.6 percentage points compared to the previous month [1][4][5] - The month-on-month PPI decline was influenced by international factors, including a 5.6% drop in oil and gas extraction prices and a 3.5% decrease in refined oil product manufacturing prices [4] - Some sectors showed marginal price improvements, with consumer demand policies positively impacting prices in certain industries, such as a 12.8% increase in the price of arts and crafts and a 0.8% rise in footwear manufacturing [5]

国家统计局：能源价格是CPI同比下降的主要因素 金十数据6月9日讯，CPI同比略有下降，降幅与上月相同。其中，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CPI同比下降的主要因素。提振消费相关政策 持续显效，一些领域价格显现积极变化。核心CPI同比上涨0.6%，涨幅比上月扩大0.1个百分点。其中， 扣除能源的工业消费品价格上涨0.6%，涨幅比上月扩大0.2个百分点。金饰品、家用纺织品和文娱耐用 消费品价格分别上涨40.1%、1.9%和1.8%，涨幅均有扩大；燃油小汽车和新能源小汽车价格分别下降 4.2%和2.8%，降幅均有收窄。服务价格上涨0.5%，涨幅比上月扩大0.2个百分点。服务中，交通工具租 赁费、飞机票和旅游价格均由降转涨，分别上涨3.6%、1.2%和0.9%。 （国家统计局） ...

Core Insights - In May, the Consumer Price Index (CPI) decreased by 0.2% month-on-month and by 0.1% year-on-year [1] - The core CPI, excluding food and energy prices, increased by 0.6% year-on-year, with the growth rate expanding by 0.1 percentage points compared to the previous month [1] - The Producer Price Index (PPI) fell by 0.4% month-on-month, maintaining the same decline as the previous month, and decreased by 3.3% year-on-year, with the decline widening by 0.6 percentage points compared to the previous month [1]

智通财经6月3日电，欧元区5月份核心CPI同比上升2.3%，预期为2.4%。 ...

智通财经5月23日电，新加坡4月份CPI同比增长0.9%，预估增长0.8%；4月份核心CPI同比增长0.7%，预 估增长0.5%。 ...

Core Insights - The National Bureau of Statistics reported stable growth in key economic indicators for April, with notable attention on the Consumer Price Index (CPI) and Producer Price Index (PPI) [2] - April's CPI decreased by 0.1% year-on-year, while the core CPI, excluding food and energy prices, increased by 0.5%, indicating stability [2][4] - The PPI fell by 2.7% year-on-year, with a widening decline compared to the previous month, influenced by international energy price drops and external factors [2][5] Economic Analysis - The core CPI's stability suggests resilience in China's domestic demand market, providing room for further policy action [2][3] - The government's target for CPI growth by 2025 is around 2%, with current figures indicating a significant gap to this goal [2] - Analysts suggest that a combination of proactive fiscal policies and moderately loose monetary policies could help achieve a mild price recovery and support GDP growth of approximately 5% by 2025 [2][3] Price Trends - In April, the CPI increased by 0.1% month-on-month, reversing a previous downward trend, with seven out of eight categories of goods and services experiencing price increases [4] - Food prices saw a mixed trend, with some items like beef, lamb, seafood, and fresh fruits rising, while fresh vegetables and pork prices declined [4] - The PPI's decline is affecting industrial enterprise profitability, necessitating continued efforts to expand domestic demand and promote technological and industrial innovation [5][6] Future Outlook - The stability of CPI and core CPI reflects the vitality of China's domestic demand market, with expectations for gradual price recovery as policies continue to be implemented [7] - There is a need to address external shocks, particularly from international trade tensions, which could impact industrial product prices [7] - The government aims to enhance support for high-tech industries and promote industrial upgrades to strengthen economic resilience [7]

Economic Overview - The overall price level is currently low, which increases pressure on corporate operations and affects residents' employment and income growth, making it important to promote a reasonable price recovery [1][5] - The government aims to continue leveraging macroeconomic policies to further expand investment demand and promote supply-side reforms to improve economic circulation [1][5] Consumer Price Index (CPI) Analysis - In April, the national consumer price index (CPI) decreased by 0.1% year-on-year, while the core CPI increased by 0.5%, indicating a stable overall trend despite the slight decline [3][4] - The decline in CPI is primarily influenced by the drop in international oil prices, with energy prices falling by 4.8% year-on-year, particularly gasoline prices which decreased by 10.4%, contributing to a 0.38 percentage point drop in CPI [3][4] - Month-on-month, the CPI rose by 0.1% in April, reversing the previous month's decline, driven by increases in food and travel service prices [3][4] Core CPI Insights - The core CPI, excluding food and energy, showed a year-on-year increase of 0.5%, indicating stability in price levels, with service prices rising by 0.3% and industrial consumer goods prices (excluding energy) increasing by 0.4% [4] - The core CPI has demonstrated a steady upward trend, with increases of 0.3%, 0.5%, and 0.5% in January-February, March, and April respectively, reflecting the effectiveness of macroeconomic policies and enhanced domestic demand [4]

Group 1 - The Consumer Price Index (CPI) in Wuhan increased by 0.4% year-on-year in April, indicating the resilience and vitality of the consumption market [1] - The core CPI, excluding food and energy prices, rose by 0.6% year-on-year, with seven out of eight categories of goods and services experiencing price increases [1] - Prices for other goods and services rose by 6.3%, education and cultural entertainment by 2.3%, clothing by 2.1%, and housing and healthcare by 0.4%, while transportation and communication prices decreased by 3.5% [1] Group 2 - Service prices increased by 0.9% year-on-year, becoming a significant driver of CPI growth, with notable increases in ticket prices for attractions, movies, and performances [2] - The rise in service prices is attributed to various seasonal and event-driven consumption trends, including the popularity of cultural events and festivals in Wuhan [2]

Group 1 - In April, Russia's Consumer Price Index (CPI) increased by 0.40% month-on-month, slightly below the expected increase of 0.50% [1] - Year-on-year, the CPI rose by 10.23%, also slightly below the forecasted increase of 10.30% [1] - The core CPI for April saw a month-on-month increase of 0.32% and a year-on-year increase of 9.23% [1] Group 2 - In the first quarter, Russia's GDP grew by 1.4% year-on-year [1]