According to information from a press conference held by the National Development and Reform Commission (NDRC), with the deepening implementation of a series of macroeconomic policies, the supply-demand relationship in China's market is expected to further improve, and prices are projected to continue operating within a reasonable range. In April, China's Consumer Price Index (CPI) rose by 1.2% year-on-year, maintaining a mild increase above 1% for three consecutive months. The Producer Price Index (PPI) also continued to rise for two consecutive months, reflecting demand changes in related sectors. Regarding CPI, driven by holiday effects such as the Qingming Festival, the May Day holiday, and spring breaks in some regions, increased travel demand among residents led to service price increases in tourism, hotel accommodation, and vehicle rentals that exceeded seasonal levels. In terms of PPI, accelerated green transformation and rapid development of artificial intelligence have spurred demand growth in related industries. Overall, price levels in April continued the moderate recovery trend observed since the second half of last year, signaling positive improvements in supply-demand dynamics and market order optimization. Looking ahead, despite uncertainties in international energy price trends, the Chinese economy demonstrates strong resilience with ample supply capacity in goods and services markets, providing a solid foundation for overall price stability. As a series of macroeconomic policies are further implemented, the market supply-demand relationship is expected to improve, and prices are anticipated to remain within a reasonable range.
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