Group 1 - In July, Beijing's Consumer Price Index (CPI) shifted from a decrease of 0.4% in the previous month to an increase of 0.7% [1] - Food prices decreased by 0.9%, with fresh fruit prices dropping by 7.4%, while pork prices turned from a decrease of 1.1% to an increase of 0.6% [1] - Prices for air tickets, accommodation, and travel agency services increased by 37.8%, 11.8%, and 6.1% respectively [1] Group 2 - Year-on-year, Beijing's CPI decreased by 0.2%, with food prices shifting from an increase of 0.7% to a decrease of 1.5% [2] - Prices for travel agency services and accommodation fell by 10.0% and 7.0%, while air ticket prices increased by 8.5% [2] - The Producer Price Index (PPI) for industrial producers decreased by 1.9% year-on-year and 0.2% month-on-month [2]

Core Insights - In July, Beijing's Consumer Price Index (CPI) shifted from a decline to an increase, rising by 0.7% month-on-month while experiencing a year-on-year decrease of 0.2%, with the decline slightly widening compared to the previous month [1] Group 1: CPI Trends - The food prices decreased by 0.9% month-on-month, with the decline narrowing by 0.5 percentage points compared to the previous month [1] - Non-food prices shifted from a 0.3% decrease in the previous month to a 0.9% increase [1] Group 2: Service and Industrial Prices - Service prices transitioned from a 0.3% decrease to a 1.1% increase, driven by increased travel during the summer, with airfares, accommodation, and travel agency fees rising by 37.8%, 11.8%, and 6.1% respectively [1] - Industrial consumer goods prices changed from a 0.2% decrease to a 0.9% increase, with gasoline and diesel prices rising by 3.6% and 4.0%, respectively, marking an increase of 3.3 and 3.6 percentage points compared to the previous month [1] - Prices for large household appliances shifted from a 0.1% decrease to a 2.7% increase, while gold jewelry prices rose by 0.3% [1]