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综合整治‘内卷式’竞争政策
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扩内需促消费政策持续显效 8月核心CPI同比上涨0.9%
Group 1 - The core CPI has shown a continuous increase for four months, with a year-on-year rise of 0.9% in August, reflecting the effectiveness of policies aimed at expanding domestic demand and promoting consumption [1] - Prices of gold and platinum jewelry increased by 36.7% and 29.8% year-on-year in August, contributing approximately 0.22 percentage points to the CPI increase [1] - Service prices have gradually increased since March, with a year-on-year rise of 0.6% in August, contributing about 0.23 percentage points to the CPI [1] Group 2 - The PPI decreased by 2.9% year-on-year in August, but the decline has narrowed by 0.7 percentage points compared to July, marking the first narrowing since March [2] - The prices in key industries such as coal processing and black metal smelting have seen a reduction in year-on-year decline, indicating a positive change in some sectors [2] - Experts suggest that the year-on-year decline in PPI is expected to continue to narrow in the fourth quarter due to factors such as last year's base effect and the implementation of capacity governance in key industries [2] Group 3 - The PPI may enter a recovery phase supported by the optimization of export structure, global economic recovery, and deepening trade cooperation with non-US partners [3]