CCTV News: Data released by the National Bureau of Statistics on August 9 showed that in July, as the policy effect of expanding domestic demand continued to emerge, the consumer price index (CPI) turned from a decrease of last month to a rise of 0.4% from the previous month, and the same year-on-year. The core CPI, excluding food and energy prices, rose 0.8% year-on-year, and the increase expanded for three consecutive months. In July, due to seasonal factors and uncertainty in the international trade environment, the industrial producer price index (PPI) fell by 0.2% month-on-month, a decrease of 0.2 percentage points from the previous month and a year-on-year decrease of 3.6%.

National Bureau of Statistics: CPI rose 0.4% month-on-month in July and remained unchanged year-on-year

Data released by the National Bureau of Statistics on August 9 showed that the national consumer price index (CPI) rose 0.4% month-on-month in July and remained unchanged year-on-year.

In July, the policy effect of expanding domestic demand continued to emerge, and prices in the consumer sector continued to show positive changes. From a month-on-month perspective, CPI turned from a decrease of 0.1% last month to a rise of 0.4%, slightly higher than the seasonal level, mainly driven by the rise in prices of services and industrial consumer goods. Among them, the month-on-month increase in the price of air tickets, tourism, hotel accommodation and transportation vehicles is higher than the seasonal level. In addition, consumer demand continues to recover, and prices of household appliances, household daily necessities, entertainment durable consumer goods, etc. have all risen. From a year-on-year perspective, the CPI growth rate remained the same, and the core CPI, excluding food and energy prices, rose 0.8% year-on-year, and the increase expanded for three consecutive months, the highest since March 2024. Cao Hui, a researcher at Zhuochuang Information, said: "With the rebound of domestic seasonal demand, the prices of CPI-related "vegetable baskets" goods are likely to rebound, and the profit margin of breeding is expected to be restored, and the overall price of animal prices will return to a moderate upward trend." Due to seasonal factors and uncertainty in the international trade environment, the industrial producer price index (PPI) fell by 0.2% month-on-month, and the month-on-month decline narrowed by 0.2 percentage points from the previous month, a year-on-year decrease of 3.6%, the same as last month. It is worth noting that the construction of a unified national market has been deepened, the market competition order in industries such as coal, steel, photovoltaics, cement and lithium batteries has been continuously optimized, the supply and demand relationship has improved, and prices in related industries have shown positive changes. Cao Hui, a researcher at Zhuochuang Information, said: "In terms of PPI, due to the introduction and implementation of policies such as optimization of production capacity structure and financial support for new industrialization, the pressure of structural excess on the supply side is expected to ease, and the ex-factory prices of industrial products may further stabilize and rebound." Beijing: Pork prices rose slightly in July on a month-on-month basis

Pork is the main "vegetable basket" product, and its price is an important factor affecting CPI. The latest data from the Ministry of Agriculture and Rural Affairs shows that the wholesale price of pork in July rose by 1.3% month-on-month. What is the supply and demand situation of the pork market? Let’s see the reporter’s visit in Beijing.

In the pork sales hall of Xinfadi Agricultural Products Wholesale Market in Beijing, merchants told reporters that from July to the present, the pork market price has shown the characteristics of rising first and then falling then gradually stabilizing. Merchants said that in early July, due to the low willingness of farmers to slaughter, the market supply of live pigs was tight, which led to an increase in pork prices. Since then, the pace of farmers' slaughtering has gradually recovered, making the supply of live pigs continue to be abundant. At the same time, the high temperatures have also suppressed the demand for meat consumption, and pork prices have gradually fallen.

The market leader introduced that the basis for driving the rise in pork prices needs to be gradually realized by compressing pig production capacity, and cannot rely on short-term expectations to pull and reluctance to sell.

Data shows that the average wholesale price of white-striped pigs in Xinfadi market in Beijing in July was 18.16 yuan per kilogram, up 4.37% month-on-month and down 20.18% year-on-year.

Supply increased. The national egg price fell in July

In addition to pork, another major "vegetable basket" product, eggs, have seen a drop in prices in July due to increased supply and weak demand. Let's see the reporter's visit to Shandong.

In Pingyuan County, Dezhou City, Shandong Province, Zhang Jingang's laying hen farm produces 500,000 eggs a day, mainly sold to supermarkets and wholesale markets in Jinan, Qingdao and other places. He told reporters that in the first half of July, due to factors such as school holidays, egg demand weakened and prices fell. From late July to the present, egg prices bottomed out and rebounded due to the heating of summer tourism and the increase in egg catering demand. Laying hen farmers said that in the near future, they mainly deal with high temperatures, ensure stable laying hen production, and provide production and quality guarantees for the next school season and the National Day and Mid-Autumn Festival.

Data from the Ministry of Agriculture and Rural Affairs showed that the national wholesale price of eggs in July was 7.19 yuan per kilogram, a month-on-month decrease of 1.8% and a year-on-year decrease of 25%. Zhu Ning, an associate researcher at the Institute of Agricultural Economics and Development, Chinese Academy of Agricultural Sciences, said: "The main reason for the decline in egg prices is that the national laying hen stock increased by 0.8% month-on-month to about 1.14 billion, and the egg market is sufficient. In terms of the future market, egg demand will effectively increase egg prices under the continuous boost of positive factors such as the peak tourism season, school season, and the Mid-Autumn Festival and National Day. However, due to the high national laying hen stock, the increase in egg prices will be suppressed to a certain extent."