Group 1: Consumer Price Index (CPI) Analysis - In July, Guangdong's CPI decreased by 0.3% year-on-year, with the decline narrowing by 0.1 percentage points compared to June; month-on-month, it shifted from a decrease of 0.2% in June to an increase of 0.5% [1][2] - The core CPI, excluding food and energy prices, rose by 0.4% year-on-year, with the growth rate expanding by 0.1 percentage points from June [1] - Food prices fell by 1.1% year-on-year, contributing approximately 0.21 percentage points to the CPI decline, while non-food prices decreased by 0.1%, impacting the CPI by about 0.07 percentage points [2] Group 2: Industrial Producer Price Index (PPI) Analysis - The PPI in Guangdong decreased by 2.0% year-on-year in July, with the decline widening by 0.2 percentage points compared to June; month-on-month, it fell by 0.2%, with the decline narrowing by 0.1 percentage points [1][4] - The average PPI for January to July showed a decrease of 1.4%, while the Industrial Producer Purchase Price Index (IPI) fell by 2.8% [1] - In the PPI survey, 38 major industries showed 8 increases, 29 decreases, and 1 stable, with an industry increase rate of 21.1%, down by 7.8 percentage points from June [4][5] Group 3: Sector-Specific Price Movements - Significant price changes were noted in various sectors, with educational and sports equipment manufacturing prices rising by 12.5%, while black metal mining and related industries saw declines of 18.0% and 12.0%, respectively [4] - The automotive manufacturing sector experienced a 1.6% price drop, influenced by the decline in fuel vehicle prices due to competition from the new energy vehicle market [5]