Core Viewpoint - In July 2025, the national consumer price index (CPI) remained unchanged year-on-year, with urban prices stable and rural prices decreasing by 0.3% [1]. Price Changes Year-on-Year - In July, the prices of food, tobacco, and alcohol decreased by 0.8%, contributing to a 0.21 percentage point decline in CPI. Key food items saw significant price drops: egg prices fell by 11.2%, fresh vegetable prices decreased by 7.6%, and pork prices dropped by 9.5% [4]. - Other categories showed mixed results, with prices for other goods and services, clothing, and household items increasing by 8.0%, 1.7%, and 1.2% respectively. Education, culture, and entertainment prices rose by 0.9%, while transportation and communication prices fell by 3.1% [4]. Price Changes Month-on-Month - In July, food, tobacco, and alcohol prices decreased by 0.1%, leading to a 0.04 percentage point decline in CPI. Fresh fruit prices fell by 3.4%, while fresh vegetable prices increased by 1.3% [6]. - Other categories experienced price increases, with transportation and communication, education, culture, and other goods and services rising by 1.5%, 1.3%, and 0.9% respectively. Household items and medical care also saw increases, while clothing prices decreased by 0.3% [6]. Summary of Price Changes - The overall CPI for July showed a month-on-month increase of 0.4%, with urban prices also rising by 0.4% and rural prices by 0.3%. Year-to-date, the CPI has decreased by 0.1% compared to the previous year [8]. - Food prices decreased by 1.6% year-on-year, while non-food prices increased by 0.3%. Service prices rose by 0.5% [8].

Core Insights - In July, Jiangsu's consumer price index (CPI) decreased by 0.3% year-on-year, with urban areas down 0.2% and rural areas down 0.5% [1] - The overall CPI for the first seven months of the year showed a decline of 0.4% year-on-year [1] Price Changes - Among the eight categories of goods and services, five experienced price increases while three saw declines in July [1] - Notable price increases included clothing (up 1.1%), daily necessities and services (up 1.2%), education, culture, and entertainment (up 0.7%), healthcare (up 0.8%), and other goods and services (up 9.0%) [1] - Conversely, food, tobacco, and alcohol prices decreased by 0.9%, housing prices fell by 0.2%, and transportation and communication prices dropped by 3.5% [1] Food Price Dynamics - Within the food category, freshwater fish prices rose by 12.2%, fresh fruit by 5.3%, beef by 2.0%, and shrimp and crab by 1.5% [1] - In contrast, fresh vegetable prices fell by 8.4%, pork prices decreased by 11.3%, and egg prices dropped by 16.1% [1] Month-on-Month Changes - In July, all eight categories of goods and services saw month-on-month price increases [2] - Food and beverage prices rose by 0.7%, clothing by 0.1%, housing by 0.3%, daily necessities and services by 1.0%, transportation and communication by 1.2%, education, culture, and entertainment by 1.2%, healthcare by 1.2%, and other goods and services by 0.7% [2] Specific Food Price Movements - Specific food items saw significant month-on-month price increases, including shrimp and crab (up 8.3%), fresh vegetables (up 3.4%), and freshwater fish (up 3.3%) [2] - Pork prices increased by 1.8%, while egg prices remained stable [2]

Core Insights - The article highlights the ongoing support of various consumer subsidy policies for durable goods prices, contributing to a sustained increase in core CPI year-on-year, while noting the sluggish recovery in rental and household service prices [1][2]. CPI Analysis - In July, the CPI increased by 0.4% month-on-month, aligning with seasonal trends, while year-on-year figures remained flat. Core CPI rose to 0.8%, the highest since March 2024 [2]. - Key drivers of core CPI include: 1. Strong price increases in consumer policy-supported sectors, with living goods and services prices rising by 0.8% month-on-month, significantly above the seasonal average of 0.26% [2]. 2. Rising gold prices and a surge in consumer gold purchases led to high growth in other goods and services CPI [2]. 3. Summer travel remains robust, although the growth rate of tourism CPI has slightly decreased compared to 2023 and 2024, indicating potential in the tourism and service consumption markets that requires further policy guidance [2]. 4. Rental and household service CPI saw a modest increase of 0.1% month-on-month, which is below historical averages, indicating limited recovery progress [2]. PPI Analysis - In July, the PPI decreased by 0.2% month-on-month and 3.6% year-on-year, with the decline rate remaining stable. The PPI is showing signs of stabilization, supported by raw material prices due to intensified "anti-involution" policies, although downstream factory prices remain weak due to overcapacity and export competition [3]. - The positive impact of "anti-involution" policies on PPI is expected to be gradual and long-term. Current capacity optimization policies have expanded from traditional industries like coal, steel, and cement to emerging sectors such as automotive, photovoltaics, and batteries, affecting nearly 20% of industry revenue [3].

Core Viewpoint - In July 2025, the national consumer price index (CPI) remained unchanged year-on-year, with urban prices stable and rural prices decreasing by 0.3% [1] Group 1: Year-on-Year Price Changes - In July, food and beverage prices decreased by 0.8%, contributing approximately 0.21 percentage points to the CPI decline [2] - Specific food items saw significant price changes: egg prices fell by 11.2% (impacting CPI by -0.07 percentage points), fresh vegetable prices dropped by 7.6% (-0.16 percentage points), and pork prices decreased by 9.5% (-0.13 percentage points) [2] - Other categories showed mixed results, with prices for other goods and services, clothing, and daily necessities rising by 8.0%, 1.7%, and 1.2% respectively, while transportation and communication prices fell by 3.1% [2] Group 2: Month-on-Month Price Changes - In July, food and beverage prices decreased by 0.1% month-on-month, contributing approximately 0.04 percentage points to the CPI decline [3] - Fresh fruit prices fell by 3.4% (impacting CPI by -0.07 percentage points), while fresh vegetable prices increased by 1.3% (+0.03 percentage points) [3] - Other categories experienced price increases, with transportation and communication, education and culture, and other goods and services rising by 1.5%, 1.3%, and 0.9% respectively [3]

Core Viewpoint - In July 2025, the national consumer price index (CPI) remained flat year-on-year, with urban prices unchanged and rural prices decreasing by 0.3% [1]. Group 1: Year-on-Year Price Changes - In July, food and tobacco prices decreased by 0.8%, contributing approximately 0.21 percentage points to the CPI decline [3]. - Specific food items saw significant price changes: egg prices fell by 11.2% (impacting CPI by -0.07 percentage points), fresh vegetable prices dropped by 7.6% (-0.16), and pork prices decreased by 9.5% (-0.13) [3]. - Other categories showed price increases: other goods and services rose by 8.0%, clothing by 1.7%, and living goods and services by 1.2% [3]. Group 2: Month-on-Month Price Changes - In July, food and tobacco prices decreased by 0.1%, leading to a CPI decline of about 0.04 percentage points [7]. - Fresh fruit prices fell by 3.4% (-0.07), while fresh vegetable prices increased by 1.3% (+0.03) [7]. - Other categories experienced price increases: transportation and communication rose by 1.5%, education and culture by 1.3%, and other goods and services by 0.9% [7].

Core Viewpoint - In July 2025, the national consumer price index (CPI) remained flat year-on-year, with urban prices unchanged and rural prices decreasing by 0.3% [2][8]. Price Changes by Category - In July, the prices of food, tobacco, and alcohol decreased by 0.8% year-on-year, contributing to a 0.21 percentage point decline in CPI. Key contributors included: - Egg prices fell by 11.2%, impacting CPI by -0.07 percentage points - Fresh vegetable prices decreased by 7.6%, affecting CPI by -0.16 percentage points - Meat prices dropped by 4.6%, with pork prices specifically down by 9.5%, contributing -0.13 percentage points to CPI [4][6]. - Other categories saw price increases, with: - Other goods and services up by 8.0% - Clothing prices rising by 1.7% - Prices for living goods and services increasing by 1.2% - Education, culture, and entertainment prices up by 0.9% - Medical care prices rising by 0.5% - Housing prices increasing by 0.1% - Transportation and communication prices down by 3.1% [4][6]. Monthly Price Changes - Month-on-month, the CPI increased by 0.4% in July, with urban areas rising by 0.4% and rural areas by 0.3%. Key changes included: - Food prices decreased by 0.2%, while non-food prices increased by 0.5% - Consumer goods prices rose by 0.2%, and service prices increased by 0.6% [2][7]. - Specific month-on-month changes in food prices included: - Fresh fruit prices decreased by 3.4%, impacting CPI by -0.07 percentage points - Fresh vegetable prices increased by 1.3%, contributing +0.03 percentage points to CPI - Meat prices rose by 0.4%, with pork prices up by 0.9% [6][9]. Summary of Key Data - The average CPI for January to July 2025 showed a decline of 0.1% compared to the same period last year [2][8]. - The overall CPI data for July 2025 indicated: - Urban CPI: 0.0% year-on-year, 0.4% month-on-month - Rural CPI: -0.3% year-on-year, 0.3% month-on-month - Food CPI: -1.6% year-on-year, -0.2% month-on-month - Non-food CPI: 0.3% year-on-year, 0.5% month-on-month [7][8].

Core Insights - In July 2025, the national consumer price index (CPI) remained flat year-on-year, with urban prices unchanged and rural prices decreasing by 0.3% [1] - Food prices decreased by 1.6% year-on-year, while non-food prices increased by 0.3% [1] - The average CPI from January to July 2025 showed a decline of 0.1% compared to the same period last year [1] Year-on-Year Price Changes - In July, the prices of food, tobacco, and alcohol decreased by 0.8% year-on-year, contributing to a 0.21 percentage point decline in CPI [3] - Specific food items such as eggs, fresh vegetables, and pork saw significant price drops of 11.2%, 7.6%, and 9.5% respectively, impacting CPI by 0.07, 0.16, and 0.13 percentage points [3] - Other categories showed price increases, with "other goods and services" rising by 8.0%, and education, culture, and entertainment prices increasing by 0.9% [3] Month-on-Month Price Changes - In July, the prices of food, tobacco, and alcohol decreased by 0.1% month-on-month, leading to a 0.04 percentage point decline in CPI [7] - Fresh fruit prices dropped by 3.4%, while fresh vegetables increased by 1.3% month-on-month [7] - Other categories experienced price increases, with transportation and communication rising by 1.5% and education and culture by 1.3% [7] Detailed Price Index Data - The CPI for July showed a month-on-month increase of 0.4% and a year-on-year change of 0.0% [9] - Food prices decreased by 0.2% month-on-month and 1.6% year-on-year, while non-food prices increased by 0.5% month-on-month and 0.3% year-on-year [9] - The index for transportation and communication saw a month-on-month increase of 1.5% but a year-on-year decrease of 3.1% [9]

Core Viewpoint - In June 2025, the national consumer price index (CPI) showed a year-on-year increase of 0.1%, with urban prices rising by 0.1% and rural prices declining by 0.2% [1] Group 1: Year-on-Year Price Changes - In June, the prices of food, tobacco, and alcohol increased by 0.1%, contributing approximately 0.03 percentage points to the CPI [2] - Fresh fruit prices rose by 6.1%, impacting the CPI by approximately 0.12 percentage points; aquatic product prices increased by 3.4%, contributing about 0.07 percentage points [2] - Egg prices decreased by 7.7%, negatively affecting the CPI by about 0.05 percentage points; meat prices fell by 4.2%, leading to a 0.13 percentage point decline in the CPI, with pork prices down by 8.5% [2] - Grain prices decreased by 1.2%, impacting the CPI by approximately 0.02 percentage points; fresh vegetable prices fell by 0.4%, contributing a 0.01 percentage point decline [2] - Other categories saw price increases, with other goods and services, clothing, and education/culture/entertainment rising by 8.1%, 1.6%, and 1.0% respectively [2] Group 2: Month-on-Month Price Changes - In June, food, tobacco, and alcohol prices decreased by 0.3%, contributing approximately 0.09 percentage points to the CPI decline [4] - Fresh fruit prices fell by 3.3%, impacting the CPI by about 0.07 percentage points; egg prices decreased by 2.9%, contributing a 0.02 percentage point decline [4] - Meat prices saw a slight decrease of 0.6%, affecting the CPI by approximately 0.02 percentage points, with pork prices down by 1.2% [5] - Fresh vegetable prices increased by 0.7%, contributing approximately 0.01 percentage points to the CPI [5] - Other categories showed mixed results, with other goods and services, daily necessities, and healthcare prices rising by 0.5%, 0.2%, and 0.1% respectively [5]

Core Insights - In June, the prices of food, tobacco, and alcohol decreased by 0.3% month-on-month, contributing to a decline in the Consumer Price Index (CPI) by approximately 0.09 percentage points [1] Price Changes in Food Categories - Fresh fruit prices fell by 3.3%, impacting the CPI by a decrease of about 0.07 percentage points [1] - Egg prices decreased by 2.9%, contributing to a CPI decline of approximately 0.02 percentage points [1] - Meat prices dropped by 0.6%, with pork prices specifically declining by 1.2%, affecting the CPI by a decrease of around 0.02 percentage points [1] - Fresh vegetable prices increased by 0.7%, leading to a CPI increase of about 0.01 percentage points [1] - Seafood prices also rose by 0.7%, contributing to a CPI increase of approximately 0.01 percentage points [1] Other Price Categories - Among the other seven major categories, three saw price increases while two remained stable and two decreased [1] - Prices for other goods and services, daily necessities, and healthcare rose by 0.5%, 0.2%, and 0.1% respectively [1] - Housing and transportation communication prices remained unchanged [1] - Clothing, education, culture, and entertainment prices decreased by 0.1% [1]

Core Viewpoint - In May 2025, the national consumer price index (CPI) showed a year-on-year decrease of 0.1%, with urban prices remaining stable and rural prices declining by 0.4% [1][2] Price Changes Overview Year-on-Year Changes - Food prices decreased by 0.4%, while non-food prices remained stable [1] - The average CPI for January to May 2025 also decreased by 0.1% compared to the same period last year [2] - Among various categories, food and tobacco prices increased by 0.1%, contributing approximately 0.02 percentage points to the CPI increase [1] - Fresh fruit prices rose by 5.5%, impacting the CPI by approximately 0.12 percentage points, while fresh vegetable prices fell by 8.3%, leading to a CPI decrease of about 0.17 percentage points [1][2] Month-on-Month Changes - In May, the CPI decreased by 0.2% month-on-month, with both urban and rural areas experiencing a decline of 0.2% [1][2] - Food prices fell by 0.2%, contributing to a CPI decrease of approximately 0.05 percentage points [1] - Fresh vegetable prices saw a significant decline of 5.9%, impacting the CPI by approximately 0.12 percentage points [1][2] Category-Specific Price Movements Food and Tobacco - Year-on-year, food and tobacco prices decreased by 0.2%, with specific declines in grain prices by 1.4% and fresh vegetable prices by 8.3% [2][3] - Pork prices increased by 3.1% year-on-year, while egg prices decreased by 3.5% [1][2] Clothing - Clothing prices increased by 1.5% year-on-year, with specific increases in apparel and footwear prices [3] Housing - Housing prices remained stable, with rental prices showing no change [3] Transportation and Communication - Transportation and communication prices decreased by 4.3% year-on-year, with fuel prices for transportation dropping by 12.9% [3] Education, Culture, and Entertainment - Prices in this category increased by 0.9% year-on-year, with education services rising by 1.2% [3] Healthcare - Healthcare prices increased by 0.3% year-on-year, with medical services rising by 0.7% [3] Other Goods and Services - Prices in this category rose by 7.3% year-on-year, indicating a significant increase in demand or costs [3]