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 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]

Core Viewpoint - The article discusses the inflation trends in May, highlighting a slight decrease in CPI and a more significant drop in PPI, with implications for future economic conditions and policy responses [1][10]. Group 1: CPI Inflation - May CPI inflation was reported at -0.1% year-on-year, matching the previous value and exceeding market expectations of -0.2% [1][2]. - Energy prices have significantly dragged down CPI inflation, while core CPI showed slight upward support [2][6]. - Food prices experienced a mild decline, with a 0.2% drop month-on-month, which is less than the average decline of 1.4% over the past five years [5]. - Core CPI inflation rose slightly by 0.1 percentage points to 0.6% year-on-year, although month-on-month momentum has weakened [6][7]. - Service prices remained resilient, with travel prices increasing by 0.8% month-on-month, surpassing the five-year average of 0.2% [6]. Group 2: PPI Inflation - May PPI inflation was reported at -3.3% year-on-year, a decrease of 0.6 percentage points from the previous month, and -0.4% month-on-month, which is weaker than the historical average since 2017 [10][12]. - The decline in PPI is attributed to weak oil prices affecting the entire industrial chain and a slowdown in the construction sector due to adverse weather conditions [10][12]. - Despite the overall decline, there are signs of recovery in prices related to exports and new growth sectors, with textile prices narrowing their decline and some electronic prices turning positive [12][15]. Group 3: Forward Outlook - Looking ahead, energy prices are expected to remain weak, with Brent crude oil projected to fluctuate between $60 and $70 [9]. - The overall pace of CPI recovery is anticipated to be slow, influenced by policies aimed at boosting domestic demand and consumption [16]. - For the second quarter, CPI inflation is expected to stabilize around 0%, while PPI inflation may drop to approximately -3.0% [16].