Core CPI moderately rises, marginal improvement in price operation in July.

Data released by the National Bureau of Statistics on August 9th shows that in July, the CPI remained flat year-on-year, with a 0.4% increase month-on-month. The core CPI, excluding food and energy prices, increased by 0.8% year-on-year, marking the third consecutive month of expansion and reaching the highest level since March 2024. The PPI decreased by 3.6% year-on-year, narrowing for the first time since March in a month-on-month comparison. Experts analyzed that, influenced by the expansion of domestic demand policies, prices of services in the consumption sector and industrial consumer goods are showing positive changes. Under the comprehensive measures to curb "involution-style" competition, market competition order in industries such as coal, steel, photovoltaics, cement, and lithium batteries continues to improve, with marginal improvements in production material prices.