On September 10th, data released by the Guangdong Survey Brigade of the National Bureau of Statistics showed that in August, the consumption demand of Guangdong residents continued to recover, and the overall market operation was stable. The Consumer Price Index (CPI) of Guangdong residents increased by 0.4% year-on-year, transitioning from a decline to an increase; The month on month increase was 0.2%, with a slight decrease in the increase. From January to August, the average consumer price of Guangdong residents increased by 0.6% compared to the same period last year. In the same month, the overall supply of domestic and provincial production was sufficient, and demand in some industries improved. The Guangdong Industrial Producer Price Index (PPI) decreased by 1.4% year-on-year, narrowing the decline; The month on month decrease was 0.1%, transitioning from an increase to a decrease. The Industrial Producer Purchase Price Index (IPI) decreased by 2.7% year-on-year and 0.3% month on month. From January to August, on average, Guangdong's PPI decreased by 1.3% and IPI decreased by 2.1% compared to the same period last year. The month on month increase in CPI has decreased, and the year-on-year increase has shifted from a decrease to an increase. In August, the consumer demand of Guangdong residents continued to recover, and the overall market operation was stable. The month on month increase in CPI has slightly decreased, and the year-on-year increase has shifted from a decrease to an increase. From the month on month index, the CPI rose by 0.2%, a decrease of 0.2 percentage points from the previous month. Among them, food prices decreased by 0.3% month on month and increased by 0.3%, affecting the CPI increase by about 0.05 percentage points. In food, the price of livestock meat has increased by 2.3%, among which, due to the increase in heavy rainfall such as typhoons, the difficulty of transporting live pigs has increased. In addition, there is a reluctance to sell at the breeding end, resulting in an increase in secondary fattening, a decrease in pig sales, and a 4.7% increase in pork prices; The summer fishing season in the South China Sea ended in August, with sufficient supply of shrimp and crabs, resulting in a 2.9% decrease in shrimp and crab prices; Egg prices increased by 2.6%, while fresh fruit prices decreased by 1.7%. Non food prices increased by 0.2% month on month, a decrease of 0.4 percentage points compared to the previous month, affecting a CPI increase of approximately 0.19 percentage points. The price discounts for services such as air tickets have increased, with prices for air tickets, other tourism, and travel agencies decreasing by 5.6%, 1.1%, and 0.2%, respectively. Prices for other accommodations, transportation rental fees, and hotel accommodations have increased by 2.3%, 1.9%, and 0.9%, respectively, all of which have decreased compared to the previous month; Affected by fluctuations in international crude oil and precious metal prices, the prices of liquefied petroleum gas, diesel, and gasoline have increased by 6.0%, 5.3%, and 4.9% respectively. Affected by the promotion of charging price reductions in some cities and counties, the prices of other automotive energy sources have decreased by 4.2%. From a year-on-year index perspective, the CPI has shifted from a 0.2% decrease in the previous month to a 0.4% increase. Among them, food prices decreased by 0.8% year-on-year, a decrease of 0.2 percentage points compared to the previous month, affecting a decrease of approximately 0.15 percentage points in CPI. In food, the price of animal meat decreased by 8.9%, with pork prices decreasing by 14.0%, a decrease of 2.6 percentage points compared to the previous month; The prices of other livestock meat and by-products decreased by 7.6%; Fresh vegetable prices have decreased by 2.2%; The prices of dairy, fresh fruits, and aquatic products have increased by 2.7%, 2.1%, and 1.4% respectively. Non food prices have increased by 0.7% year-on-year from the same level last month, affecting a CPI increase of approximately 0.54 percentage points. Among them, the consumption of services such as summer outings is gradually recovering