On May 10, #CPI数据来袭 5, the National Bureau of Statistics released the monthly report on the Consumer Price Index (CPI) for April. In April, the national CPI changed from a 0.4% decrease last month to a 0.1% increase, with a year-on-year decrease of 0.1%, the same as last month's decline. The core CPI changed from flat to an increase, rising by 0.2%; year-on-year, it rose by 0.5%, maintaining a stable growth rate.

From a month-on-month perspective, the change from decrease to increase in CPI was mainly driven by the recovery of food and travel services. Food prices rose by 0.2% month-on-month, which is 1.4 percentage points higher than the seasonal level. In terms of non-food items, the prices of travel services showed a significant rebound due to the combined effects of recovering demand and holiday factors. Due to fluctuations in international gold prices, domestic gold jewelry prices rose by 10.1%, contributing to a month-on-month increase in CPI of about 0.06 percentage points.

From a year-on-year perspective, CPI showed a slight decline, mainly influenced by the downturn in international oil prices. Energy prices decreased by 4.8% year-on-year, with a decline rate 2.2 percentage points larger than last month. Food prices fell by 0.2%, while the core CPI, excluding food and energy prices, rose by 0.5%, maintaining a stable growth rate. Among services, the prices of housekeeping, elderly care, and education services rose by 2.5%, 1.4%, and 1.2% respectively, with overall growth rates remaining stable.

Additionally, on the evening of May 13 at 20:30, the United States will also release the annual CPI rate and the seasonally adjusted core CPI annual rate. The U.S. CPI is one of the important indicators for measuring its inflation, and the Federal Reserve will refer to this data to adjust monetary policy, thereby affecting the exchange rate trends of the U.S. dollar in the short term.