Group 1 - The core viewpoint of the article is the analysis of the July 2025 CPI and PPI data by the National Bureau of Statistics, highlighting the factors influencing the changes in PPI [1] - The main reason for the month-on-month change in PPI is seasonal factors combined with uncertainties in the international trade environment, which have led to price declines in certain industries [1] - The continuous optimization of the domestic market competition order has contributed to a narrowing of the price decline in related industries [1]