Newsletter summary
CPI rose 0% in April 2024 compared with the same period last year.Mjgonzalespoker.3%MjgonzalespokerPPI fell 2.5% year-on-year; bond market treasury bond yields are low, so you need to be cautious about changes in the short term. There is uncertainty in the process of domestic economic recovery.
Text of news flash
[the National Bureau of Statistics released CPI and PPI data in April 2024, and CPI rose 0.3% month-on-month.] the National Bureau of Statistics announced on May 11 that CPI rose 0.3% month-on-month in April 2024, up from 0.1% in March. Core CPI rose 0.7 per cent from a year earlier, up from 0.6 per cent in March. Meanwhile, PPI fell 2.5 per cent from a year earlier, an improvement from a 2.8 per cent decline in March. [CPI rose year-on-year and month-on-month, food, energy and service prices rose month-on-month] CPI rose 0.1% month-on-month in April, the same as the average for the same period in the past three years. CPI shows the characteristics of a slow decline in food prices, a rise in energy and service prices, and a steady increase in core CPI. [the year-on-year and month-on-month decline in PPI narrowed, and the year-on-year growth rate of production and means of subsistence prices improved] the year-on-year growth rate of PPI improved to-2.5% in April, down 0.2% from the previous month. The year-on-year growth rate of the means of production prices improved to-3.1% from-3.5% in March, and the year-on-year growth rate of means of livelihood prices improved from-1% to-0.9%. PPI is still in the process of bottoming out, but it is expected to pick up gradually as the economy recovers. [Treasury bond yields remain stable in the short term, while long-term bond yields rise] from late November 2023 to April 24 this year, treasury bond yields showed a downward trend as a whole. Since then, 10-year and 1-year yields have been relatively stable, while 30-year yields have risen. At present, government bond yields are still at a low level. Looking ahead, the supply of government bonds is expected to accelerate, while interest rates on funds lack a sustained downward momentum. In the short term, investors need to be cautious about the volatility of the bond market and pay close attention to the impact of government debt supply on the market. [uncertainties in the process of domestic economic recovery] although the domestic economy is gradually recovering, it still faces many uncertain factors. Investors should remain vigilant and pay close attention to economic trends and related policy trends.
