#加密圆桌会议要点 **CPI Data Release: May Inflation Mild, PPI Decline Narrows**

In May 2024, China's CPI (Consumer Price Index) rose by 0.3% year-on-year and slightly decreased by 0.1% month-on-month, remaining stable overall. Among them, food prices fell by 2.0% year-on-year, but prices of pork and fresh vegetables rebounded; non-food prices increased by 0.8%, with stable service price growth. The PPI (Producer Price Index) decreased by 1.4% year-on-year but increased by 0.2% month-on-month, ending a continuous six-month decline, indicating an improvement in demand in the industrial sector. The National Bureau of Statistics stated that core CPI rose by 0.6% year-on-year, indicating a mild recovery in the consumer market. Looking ahead, with macroeconomic policies taking effect and consumer demand warming up, the CPI is expected to rise moderately in 2025.