价格修复性反弹

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6月CPI转降为升,后续价格或出现修复性反弹
Hua Xia Shi Bao· 2025-07-10 13:22
Group 1 - The Consumer Price Index (CPI) increased by 0.1% year-on-year in June, marking the first rise after four consecutive months of decline [2][3] - The Producer Price Index (PPI) decreased by 3.6% year-on-year, indicating ongoing pressure on industrial prices, particularly in coal, electricity, and black metal smelting sectors [2][5] - The marginal improvement in CPI is attributed to the recovery in industrial consumer goods prices, which saw a reduction in the year-on-year decline from 1.0% to 0.5% [3][4] Group 2 - Food prices experienced a year-on-year decline of 0.3%, with beef prices rising by 2.7% after 28 months of continuous decline, while pork prices fell by 8.5% [3][4] - Energy prices showed a slight recovery, with gasoline prices increasing by 0.4% month-on-month, contributing to a 0.1% rise in overall energy prices [4] - The core CPI rose by 0.7% year-on-year, the highest increase in nearly 14 months, indicating a stable rise in service prices [4][5] Group 3 - Industrial prices remain under significant pressure, with coal mining and washing prices dropping by 5.5% and 3.4% respectively, primarily due to ample supply and reduced thermal power demand [5][6] - Export-oriented industries, such as computer communication equipment and textiles, are facing price declines, reflecting weak external demand and trade barriers [5][6] - Some high-tech sectors, including wearable smart devices and aerospace manufacturing, are showing positive price growth, indicating resilience in new momentum industries [6]