巴西地理统计局称，7月通胀的主要推手是居民电价。电价此前已在5月和6月连续成为通胀"主因"。不 过，7月当月仍实行红色一级电价旗帜机制，每消费100千瓦时电量需额外支付4.46雷亚尔。 7月全国居民消费价格指数（INPC）环比上涨0.21%，年内累计上涨3.30%，过去12个月累计上涨 5.13%。 今年前七个月，居民电价累计上涨10.18%，为2018年以来同期最高，当年同期涨幅为13.78%。 （文章来源：新华财经） 新华财经圣保罗8月12日电（记者杨家和）巴西地理统计局（IBGE）12日公布的数据显示，7月巴西全 国广义消费者物价指数（IPCA）环比上涨0.26%，高于6月的0.24%。这一官方通胀指标在截至7月的12 个月内累计上涨5.23%，较上个月的5.35%回落0.12个百分点。 食品和饮料价格7月整体下降0.27%，服装和通信价格分别下降0.54%和0.09%。其中，家庭食品价格环 比下降0.69%，跌幅最大的包括马铃薯、洋葱和大米分别下降20.27%、13.26%和2.89%。外出就餐价格 上涨0.87%。 ...

Core Insights - In July, the Consumer Price Index (CPI) in Sichuan decreased by 0.4% year-on-year, with the decline expanding by 0.1 percentage points compared to the previous month [1] - Month-on-month, the CPI shifted from flat in June to an increase of 0.4% in July [1] Price Movements - Fresh vegetable prices fell by 3.9% month-on-month, while fresh fruit prices decreased by 1.7% [1] - Pork prices saw a slight increase of 0.5% month-on-month, attributed to government initiatives aimed at reducing production capacity in the pig industry, which is expected to improve the supply-demand balance [1] Seasonal Effects - The peak travel season during summer led to price increases in various sectors, including: - Airfare prices rose by 20.1% month-on-month - Travel agency fees increased by 13.9% - Hotel accommodation prices went up by 5.0% - Transportation rental fees saw a rise of 4.8% [1]

Core Insights - In July 2025, Estonia's Consumer Price Index (CPI) increased by 5.4% year-on-year, with goods prices rising by 3.9% and services prices by 7.7% [1] Price Changes by Category - Healthcare services saw a significant price increase of 10.5% year-on-year [1] - Food and beverage prices rose by 9.1% year-on-year [1] - Entertainment and leisure prices increased by 9.0% year-on-year [1] - Transportation prices went up by 8.9% year-on-year [1] - Accommodation and dining prices rose by 5.4% year-on-year [1] - Housing prices decreased by 1.8% year-on-year [1] - Clothing and footwear prices fell by 0.9% year-on-year [1] Month-on-Month Changes - The CPI increased by 0.6% month-on-month in July [1] - Food prices rose by 0.5% month-on-month, with specific increases in meat and meat products by 2.17%, and dairy and egg prices by 2.1% [1] - Fish and fish products saw a month-on-month price decrease of 3.6%, while vegetable prices increased by 2.9% [1] - Transportation goods prices increased by 1.5% month-on-month, with gasoline prices rising by 1.3% and diesel prices by 4.5% [1]

Core Insights - The Shanghai Municipal Government reported on the execution of the 2025 economic and social development plan, highlighting significant employment and income growth in the first half of the year [1] Economic Performance - A total of 331,000 new jobs were created in Shanghai during the first half of the year, achieving 55.1% of the annual target [1] - The average urban survey unemployment rate was recorded at 4.2% [1] Income Growth - Residents' disposable income reached 46,805 yuan, reflecting a year-on-year increase of 4.6% [1] - Urban and rural residents' per capita disposable income grew by 4.5% and 5.8%, respectively [1] Price Levels - The Consumer Price Index (CPI) in Shanghai saw a slight increase of 0.1% year-on-year in the first half of the year [1] - The core CPI, excluding food and energy prices, rose by 0.5% [1]

Economic Overview - The GDP of Zhaoqing City reached 135.8 billion yuan in the first half of 2025, with a year-on-year growth of 5.2% at constant prices [2] - The primary industry added value was 17.5 billion yuan, growing by 4.8%; the secondary industry added value was 53.6 billion yuan, growing by 4.9%; and the tertiary industry added value was 64.6 billion yuan, growing by 5.6% [2] Agricultural Performance - The agricultural, forestry, animal husbandry, and fishery sectors achieved a total output value of 30.9 billion yuan, with a year-on-year increase of 5.5% [2] - Specific growth rates included planting (4.2%), forestry (6.5%), animal husbandry (4.8%), fishery (6.4%), and auxiliary activities (10.9%) [2] - Vegetable production reached 1.446 million tons, increasing by 3.1%; live pig output was 1.746 million heads, up by 7.1%; and total aquatic products amounted to 270,400 tons, growing by 4.4% [2] Industrial Growth - The industrial added value above designated size grew by 4.5% year-on-year [3] - Manufacturing and electricity, heat, gas, and water production and supply industries both grew by 4.6%, while mining decreased by 19.0% [3] - Notable growth in specific manufacturing sectors included electrical machinery (21.8%), automotive (20.2%), and computer and electronic equipment (15.6%) [3] - Newly established industrial enterprises showed remarkable performance with a 116.9% increase in added value, contributing 2.0 percentage points to overall industrial growth [3] - Advanced manufacturing increased by 17.6%, accounting for 39.0% of the industrial added value [3] Consumer Market - The total retail sales of consumer goods reached 60.9 billion yuan, with a year-on-year growth of 2.8% [4] - Retail sales of goods were 57.3 billion yuan, growing by 2.8%, while catering revenue was 3.52 billion yuan, increasing by 2.0% [4] - Urban retail sales were 48.0 billion yuan, up by 2.8%, and rural retail sales were 12.8 billion yuan, also growing by 2.8% [4] - The "old-for-new" policy significantly boosted sales in home appliances and cultural office supplies, with increases of 152.6% and 77.3% respectively [4] - Online retail sales through public networks reached 12.3 billion yuan, growing by 10.9% [4] Investment Trends - Fixed asset investment decreased by 8.8% year-on-year [4] - Infrastructure investment, however, grew by 10.0%, while construction and industrial investments fell by 1.2% and 11.8% respectively [4] - Real estate development investment saw a significant decline of 39.2%, with commercial housing sales area dropping by 37.9% [5] Financial Sector - By the end of June, the total balance of deposits was 411.4 billion yuan, increasing by 8.3% year-on-year, while the total balance of loans was 361.6 billion yuan, growing by 7.6% [5] - The Consumer Price Index (CPI) showed a slight decrease of 0.3% year-on-year, with food prices down by 0.5% and non-food prices down by 0.8% [5]

Core Viewpoint - In June, the Consumer Price Index (CPI) in Jinan experienced a year-on-year increase of 0.2% while showing a month-on-month decrease of 0.4%. The average CPI for the first half of the year rose by 0.4% compared to the same period last year [1]. Price Changes Year-on-Year - In June, Jinan's prices showed a "five increases and three decreases" trend across eight major categories. The categories with price increases included: - Other goods and services: up 10.7% - Education, culture, and entertainment: up 5.5% - Clothing: up 1.8% - Daily necessities and services: up 0.6% - Medical care: up 0.2% - The categories with price decreases included: - Transportation and communication: down 3.7% - Food, tobacco, and alcohol: down 1.1% - Housing: down 0.9% [4]. Price Changes Month-on-Month - In June, Jinan's prices exhibited a "two increases, one stable, and five decreases" trend across eight major categories. The categories with price increases included: - Other goods and services: up 0.4% - Daily necessities and services: up 0.2% - Medical care: stable - The categories with price decreases included: - Clothing: down 1.1% - Education, culture, and entertainment: down 0.9% - Food, tobacco, and alcohol: down 0.4% - Housing: down 0.3% - Transportation and communication: down 0.2% [5]. Food Price Changes - Year-on-year food price changes included significant decreases in: - Pork: down 18.7% - Eggs: down 13.4% - Fresh fruits: down 8.0% - Cooking oil: down 5.1% - Poultry: down 3.1% - Dairy: down 1.5% - In contrast, some food items saw price increases: - Potatoes: up 9.6% - Beef: up 8.9% - Seafood: up 1.7% - Fresh vegetables: up 0.8% - Grain: up 0.1% [4].

Group 1 - The Consumer Price Index (CPI) increased by 0.1% year-on-year in June, marking a turnaround after four consecutive months of decline, primarily driven by a recovery in industrial consumer goods prices [1] - The core CPI, excluding food and energy, rose by 0.7% year-on-year, indicating a continued upward trend [1] - The Producer Price Index (PPI) decreased by 0.4% month-on-month and 3.6% year-on-year, with the year-on-year decline widening by 0.3 percentage points compared to the previous month [2] Group 2 - The decrease in PPI is attributed to seasonal declines in domestic raw material manufacturing prices, increased green electricity leading to lower energy prices, and price pressures in export-oriented industries [2] - The prices of gasoline and diesel vehicles increased by 0.5% and 0.3% month-on-month, respectively, with year-on-year declines narrowing by 1.9 and 0.4 percentage points compared to the previous month [2] - Consumption-boosting policies have led to a recovery in prices of certain living materials, while high-tech industries have seen year-on-year price increases due to the accumulation of new growth drivers [2]

Economic Overview - In the first quarter of 2025, the GDP of Zhongshan reached 97.309 billion yuan, with a year-on-year growth of 4.2% [2] - The primary industry added value was 1.423 billion yuan, growing by 4.3%; the secondary industry added value was 47.405 billion yuan, growing by 5.1%; and the tertiary industry added value was 48.482 billion yuan, growing by 3.4% [2] Agricultural Sector - The total output value of agriculture, forestry, animal husbandry, and fishery was 3.233 billion yuan, increasing by 7.0% [2] - Agricultural output value reached 1.238 billion yuan, growing by 4.7%; total vegetable and edible fungus output was 99,300 tons, increasing by 4.1%; and total fruit output was 23,900 tons, growing by 6.8% [2] Industrial Production - The industrial added value above designated size grew by 5.6% year-on-year [3] - Manufacturing sector increased by 6.2%, while the electricity, heat, gas, and water production and supply sector decreased by 5.9% [3] - High-tech manufacturing grew by 14.3%, accounting for 18.0% of the industrial output [3] Service Sector - The added value of the service industry increased by 3.4% year-on-year [3] - Information transmission, software, and IT services grew by 9.0%, while leasing and business services increased by 7.5% [3] Fixed Asset Investment - Fixed asset investment decreased by 16.7% year-on-year [4] - Infrastructure investment fell by 23.5%, and real estate development investment decreased by 24.4% [4] Consumer Market - The total retail sales of consumer goods grew by 0.4% year-on-year [4] - Retail sales of home appliances and audio-visual equipment increased by 62.2%, while communication equipment sales grew by 56.5% [4] Price Levels and Income - The Consumer Price Index (CPI) increased by 0.1% year-on-year, with service prices down by 0.7% and consumer goods prices up by 0.5% [5] - The per capita disposable income reached 19,214 yuan, growing by 2.5% year-on-year [5]