金十数据5月23日讯，瑞穗证券经济学家Ryosuke Katagi说，不包括波动较大的新鲜食品和能源价格在 内，日本消费者价格指数的涨幅可能会在2026年第一季度放缓至1.5%至2.0%之间。4月份所谓的核心 CPI同比上涨3.0%，而3月份的涨幅为2.9%。该指标被认为是衡量潜在通胀的指标。Katagi表示，尽管工 资上涨，但服务价格似乎没有加速上涨的迹象，而包括大米价格飙升在内的成本推动因素预计将有所缓 解。"从稳定实现2%通胀率的角度来看，它仍然缺乏力量，"他说。 日本的核心通胀率可能在2026年初降至近1.5% ...

英国4月份消费者价格指数同比上涨3.5%，预期上涨3.3%。 ...

Group 1 - The article discusses the shift in policy focus from merely stimulating consumption to increasing residents' income, indicating a significant change in economic strategy [6][8] - It highlights that wages for management positions have been raised, with an increase from 11,000 yuan to 12,000 yuan per month, reflecting a broader trend of wage growth within the system [6] - The article notes that the minimum basic pension for rural residents will increase from 123 yuan to 143 yuan per month by 2025, impacting approximately 85 million rural insured elderly [6] Group 2 - The consumer price index (CPI) has shown a weak performance, with a year-on-year increase of only 0.2% in 2023, which is significantly below the target set for 2024 [8] - The article emphasizes that merely stimulating consumption through policies has proven insufficient to meet planned targets, leading to the decision to focus on directly increasing residents' income starting in 2025 [8][10] - It discusses the dual approach to increasing residents' income, which includes market-driven distribution led by enterprises and fiscal-driven social distribution, highlighting the importance of both strategies [10] Group 3 - The article raises concerns about the sustainability of economic growth, questioning whether GDP growth is genuinely beneficial or merely a result of increasing debt levels [11] - It suggests that the effectiveness of policies aimed at increasing residents' income will depend on the efficiency of the economy and the tools available for implementation [10][11] - The need for a fair social distribution system is emphasized as a key component of improving residents' income and overall economic health [10]

Group 1 - The average tariff rate imposed by the U.S. on imported goods is currently at 17.8%, the highest level since 1934, according to the Yale Budget Lab [1] - This tariff rate has increased by 15.4 percentage points compared to the average effective tariff rate before Trump's second term [1] - The current tariff policy is expected to add $2,800 in costs for the average American household in the short term [1] Group 2 - In April, the U.S. Consumer Price Index (CPI) rose by 0.2% month-on-month, which is below the market expectation of 0.3% [1] - The year-on-year CPI increase for April was 2.3%, slightly lower than both the market expectation and the March figure of 2.4% [1] - Economists suggest that the impact of tariffs will soon be reflected in consumer prices, indicating a potential rise in import prices [1][2]

智通财经5月9日电，巴西4月消费者价格指数环比上涨0.43%，预期增长0.42%。 ...

以色列统计局：三月份消费者价格指数月环比上涨0.5%，高于二月份的0.0%；三月份消费者价格指数 同比上涨3.3%，低于二月份的3.4%。 ...

Core Viewpoint - The Chinese government aims to maintain a GDP growth target of around 5% for 2025, continuing a three-year trend, while expanding fiscal spending to support economic growth amid external pressures such as tariffs from the U.S. [1][2] Fiscal Policy - The government plans to increase the deficit ratio to approximately 4.0%, up from the 3.0% set for 2024, and will issue 500 billion yuan in government bonds to inject capital into state-owned banks to mitigate financial risks from a sluggish real estate market [1][2] - Special government bonds will be issued, with a total of 1.3 trillion yuan in ultra-long-term bonds (over 10 years), an increase of 300 billion yuan compared to 2024 [1] Local Government Financing - The issuance quota for local government special bonds will be expanded to 4.4 trillion yuan for 2025, an increase of 500 billion yuan from the previous year, focusing on investments in construction, land acquisition, and addressing overdue payments to enterprises [2] Monetary Policy - The government plans to adopt a moderately loose monetary policy to support economic growth, indicating potential reductions in reserve requirements and policy interest rates at appropriate times [2] Employment and Inflation - The target for urban surveyed unemployment is set at around 5.5%, with a goal of creating over 12 million new urban jobs, consistent with the previous year's targets [2] - The consumer price index (CPI) growth target is set at around 2%, lower than the 3% target for 2024, reflecting increasing deflationary pressures due to insufficient domestic demand [2] Social Services - The government intends to enhance support for healthcare, elderly care, and childcare services to improve consumer confidence amid structural issues like population decline [2] Foreign Policy - The government opposes unilateralism and protectionism, particularly targeting U.S. tariff policies, and has announced additional tariffs on U.S. imports as a countermeasure [3]