[CPI low or recovery still needs to be cared for]-China International Capital Corporation reported that the CPI fell from 0.7% to 0.1% in April from-2.5% to-3.6%, lower than the average expected by the market. From the three dimensions, the base drag still accounts for the majority, but the new factors also have an impact; from the input and endogenous point of view, the bulk prices of international and domestic pricing are weaker; in terms of cost and demand, the cost decline contributes, but the consumer price of scene repair performs better than the consumer price driven by purchasing power. Looking ahead, the year-end low of CPI may be over, but fiscal and monetary efforts are still needed to "restore and expand demand".