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国家统计局:两个原因带动核心CPI连续三个月扩大
Xin Jing Bao· 2025-08-15 03:40
Core Insights - The core CPI has expanded for three consecutive months, primarily due to the implementation of consumption-boosting initiatives and the regulation of corporate competition [1][2] - In July, the national consumer price index remained flat year-on-year, with a month-on-month increase of 0.4%, indicating a low operating trend for the year [1] - The core CPI, excluding food and energy prices, rose by 0.8% year-on-year in July, with the growth rate increasing by 0.1 percentage points from the previous month [1] Economic Factors - The implementation of consumption-boosting initiatives has gradually released the potential for goods and services consumption, enhancing price momentum [1] - The steady progress in building a unified domestic market has curbed disorderly low-price competition among enterprises, contributing to price recovery [1] Price Structure - Both industrial consumer goods prices and service prices have shown stable increases, driving the expansion of the core CPI [1] - In July, industrial consumer goods prices, excluding energy, rose by 1.2% year-on-year, marking three consecutive months of growth [1] - Service prices increased by 0.5% year-on-year, surpassing the CPI growth rate, and have been on the rise since March [1] - The prices of gold and platinum jewelry increased significantly in July, by 37.1% and 27.3% year-on-year, respectively, contributing to the rise in core CPI [1]
国家统计局:7月CPI同比持平,猪肉价格下降9.5%
Sou Hu Cai Jing· 2025-08-15 03:11
Economic Overview - In July, the national consumer price index (CPI) remained flat year-on-year, with a month-on-month increase of 0.4% [1] - The core CPI, excluding food and energy prices, increased by 0.8% year-on-year, with the growth rate expanding by 0.1 percentage points compared to the previous month [3] Price Changes by Category - Food and tobacco prices decreased by 0.8% year-on-year, while clothing prices increased by 1.7% [3] - Housing prices rose by 0.1%, and prices for daily necessities and services increased by 1.2% [3] - Transportation and communication prices fell by 3.1%, while education, culture, and entertainment prices rose by 0.9% [3] - Medical care prices increased by 0.5%, and other goods and services saw an increase of 8.0% [3] Specific Price Movements - Within the food and tobacco category, pork prices dropped by 9.5%, fresh vegetable prices decreased by 7.6%, and grain prices fell by 1.0% [3] - Fresh fruit prices, however, increased by 2.8% [3] Industrial Producer Prices - In July, the national industrial producer price index (PPI) decreased by 3.6% year-on-year and by 0.2% month-on-month [3] - The national industrial producer purchase price index fell by 4.5% year-on-year and by 0.3% month-on-month [3] - From January to July, the year-on-year decline in industrial producer prices was 2.9%, while the purchase prices decreased by 3.2% [3]
7月核心物价持续回升,“股债跷跷板”效应明显
Sou Hu Cai Jing· 2025-08-13 10:58
冉学东 7月份物价指数的轻微上涨,浇灭了国债市场做多的热情,国债利率连续两日大涨,12日,十几年期国债利率上涨 1.113%到1.726%,30年期国债收益率上涨1.668%到2.011%,国债期货也是连续两天大跌,原因主要是周末出台的 CPI和PPI物价指数。这一次,尤其是核心物价的持续回升,对于物价趋势预期发生了重大影响。 8月9日,国家统计局发布了2025年7月份居民消费价格指数(CPI)和工业生产者出厂价格指数(PPI)。数据显 示,2025年7月CPI同比0.0%,前值0.1%,而预期是下降0.1%;核心CPI同比0.8%,前月0.7%。PPI同比-3.6%,预 期下降3.4%,前值-3.6%。 但是,反内卷政策的持续贯彻,必然会改善竞争秩序,我们看统计局解读最为权威,"全国统一大市场建设纵深推 进,煤炭、钢材、光伏、水泥和锂电等行业市场竞争秩序持续优化,煤炭开采和洗选业、黑色金属冶炼和压延加 工业、光伏设备及元器件制造、水泥制造、锂离子电池制造价格环比降幅比上月分别收窄1.9个、1.5个、0.8个、 0.3个和0.1个百分点,合计对PPI环比的下拉影响比上月减少0.14个百分点。" 核心CPI的上 ...
黄金ETF持仓量报告解读(2025-8-13)多因素影响 金价走势如何
Sou Hu Cai Jing· 2025-08-13 07:12
Core Viewpoint - The SPDR Gold Trust's holdings remain stable at 964.22 tons of gold as of August 12, 2025, amidst fluctuating gold prices influenced by U.S. inflation data [5]. Group 1: Gold ETF Holdings - As of August 12, 2025, the SPDR Gold Trust holds 964.22 tons of gold, unchanged from the previous trading day [5]. - The report indicates that the gold ETF's total holdings have not experienced any significant changes recently [5]. Group 2: Gold Price Movements - On August 12, 2025, spot gold prices fluctuated within a range of approximately $30, peaking at $3,358.29 per ounce and dipping to $3,330.81 per ounce, closing at $3,348.07 per ounce, reflecting a slight increase of $5.48 or 0.16% [5]. - Following a significant drop in the previous trading day, gold prices stabilized around $3,350 per ounce during Asian and European market hours [5]. Group 3: U.S. Inflation Data Impact - The U.S. Consumer Price Index (CPI) for July showed a year-over-year increase below expectations, with core CPI rising by 3.1%, marking the highest level since February [5]. - The core CPI's month-over-month increase of 0.3% is the largest since January, leading to increased speculation about a potential interest rate cut by the Federal Reserve in September [5][6]. - Analysts caution that the higher-than-expected core CPI may complicate the Fed's decision-making regarding rate cuts, with further insights expected from the upcoming Jackson Hole symposium [5][6]. Group 4: Market Sentiment and Technical Analysis - Market sentiment is leaning towards a consensus for a September rate cut, but upcoming CPI and non-farm payroll reports will be closely monitored [6]. - Technical analysis indicates a lack of clear direction for gold prices, with the 14-day RSI hovering around 50, suggesting potential downward movement [6]. - If gold prices decline further, short-term targets include the 100-day simple moving average around $3,297, with subsequent support levels at $3,268 and $3,250 [6].
第一创业晨会纪要-20250813
Macro Economic Group - The U.S. CPI for July showed a year-on-year increase of 2.7%, matching the previous month but slightly below the expected 2.8% [5] - The core CPI year-on-year for July reached 3.1%, the highest since February 2025, exceeding the expected 3.0% and the previous 2.9% [5] - Following the CPI data release, the market reacted with a decline in the dollar and an increase in U.S. stock futures, indicating a 90.1% probability of a 25 basis point rate cut by the Federal Reserve in September [6] Advanced Manufacturing Group - In the first half of the year, investments in key energy projects in China exceeded 1.5 trillion yuan, a year-on-year increase of 21.6%, with new energy storage projects seeing over 30% growth [8] - The successful completion of an integrated energy system by Shandong Shifeng Group, featuring a 108 MW solar power station and a 100 MW/200 MWh energy storage station, is expected to save 46,000 tons of standard coal and reduce CO2 emissions by 160,000 tons annually [8] - Ford announced a $5 billion investment to develop a general electric vehicle platform, aiming to produce a series of economical vehicles to compete with Chinese electric vehicle giants [9]
美国7月CPI同比上涨2.7%
Zhong Guo Xin Wen Wang· 2025-08-13 01:22
7月能源价格走低,部分抵消了当月的通胀压力。当月,能源价格指数同比下降1.6%,环比下降1.1%。 其中汽油价格环比下降2.2%。 中新社华盛顿8月12日电 (记者陈孟统)美国劳工部12日发布数据称,美国7月份消费者价格指数(CPI)同 比上涨2.7%,环比上涨0.2%。 剔除波动较大的食品和能源价格后,美国7月份核心CPI同比上涨3.1%,环比涨幅为0.3%。这两项数据 均高于上月,其中环比涨幅为近6个月以来的最大值。 数据显示,7月美国住房成本指数同比上涨3.7%、环比上涨0.2%,是当月CPI上涨的主要推动因素。 继年初鸡蛋价格飙升后,美国近期牛肉价格显著上涨。尽管7月食品价格指数环比保持不变,但牛肉价 格环比上涨1.5%。牛肉价格上涨主要受持续干旱导致牧场减产,以及关税推高进口牛肉价格等因素影 响。 美联社分析称,7月的通胀数据显示,美国租金涨幅放缓和汽油价格下降,在一定程度上抵消了加征关 税措施带来的影响。许多企业很可能仍在自行承担大部分关税成本。 《华尔街日报》称,7月通胀数据仍然保持稳定,这使得美联储下个月降息的可能性依然存在。(完) (文章来源:中国新闻网) ...
美国7月份CPI同比增长2.7% 低于市场预期
Zheng Quan Ri Bao Wang· 2025-08-12 13:45
Core Insights - The Consumer Price Index (CPI) for July in the United States showed a year-on-year increase of 2.7%, slightly below the expected 2.8% and consistent with June's figure [1] - Month-on-month, the CPI rose by 0.2%, matching expectations and down from June's 0.3% increase [1] - The core CPI, excluding volatile food and energy prices, increased by 3.1% year-on-year, surpassing the expected 3.0% and up from 2.9% in June [1] - On a month-on-month basis, the core CPI rose by 0.3%, in line with expectations and higher than June's 0.2% [1]
整体CPI低于预期,核心通胀冲高,如何解读?
Jin Shi Shu Ju· 2025-08-12 12:58
美国7月CPI年率与上月 期的2.8%;环比上涨0. 类指数上涨0.2%,是带 因素之一,机票价格创: 医疗和娱乐价格也有所_ | 02 核心CPI年率 | 03 核心C | | --- | --- | | 公布值 | 公布值 | | 5.1% ▲ 高于预期 | ■ 符合预其 | | 核心 CPI年率进一步走 高至 | 核心CPI月 率 | | 3.1%,为五个月高位,高于预期一 | 来首次未能イ | | 的3.0%。分析师认为这并非一 | 较大的包括[ | | 个好兆头。 | 乐、家居用語 | | | 数据公布后,交易员加 | | CPI较上月持平 | 的押注,预计9月美联 | 1 477 1- 市场坚持押注 美联储9月降息 2 0 2 5 08-12 美国7月CF 看CPI, 到 ( ) 金十数据 | 2025-08-12制图 01) 美国7月未季调CPI年率 公布值 ▼ 低于预期 2.7% 可能性超过80%。 但比 鉴于核心CPI同比上涨 能低于预期中值,这是 味着未来几个月CPI将组 Q JIN10.COM 看CPI,到金十,立即下载金十数据APP>> ...
美国7月CPI同比增长2.7%不及预期,核心CPI同比增长3.1%
Hua Er Jie Jian Wen· 2025-08-12 12:46
Group 1 - The core point of the article is the release of the July Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics, indicating inflation trends in the U.S. economy [1][2][3] Group 2 - The July CPI year-on-year increased by 2.7%, matching the previous value and slightly below the expected 2.8% [1] - The month-on-month CPI for July rose by 0.2%, consistent with expectations but lower than the previous month's increase of 0.3% [1] - The core CPI year-on-year for July was reported at 3.1%, exceeding the expected 3% and up from the previous 2.9% [2] - The month-on-month core CPI for July increased by 0.3%, aligning with expectations and higher than the previous 0.2% [3] Group 3 - Following the CPI data release, traders increased their bets on a potential interest rate cut by the Federal Reserve in September [3] - U.S. stock index futures experienced a short-term rise, with the Nasdaq futures up by 0.41%, S&P 500 futures up by 0.36%, and Dow futures up by 0.44% [3] - U.S. Treasury yields fell sharply, with the 2-year Treasury yield decreasing by nearly 5 basis points [3] - The U.S. dollar index declined by 0.22% in the short term [3] - Spot gold prices increased by 0.29% shortly after the data release [3]
美国7月核心CPI环比增长0.3%,预估为0.3%,前值为0.2%
Mei Ri Jing Ji Xin Wen· 2025-08-12 12:40
每经AI快讯,8月12日,美国7月核心CPI环比增长0.3%,预估为0.3%,前值为0.2%;美国7月核心CPI同 比增长3.1%,预估为3%,前值为2.9%。 ...