国君宏观董琦团队表示，对于CPI而言，猪价和油价仍是主要拖累，服务消费量稳价跌，6月服务业销售价格PMI在荣枯线以下继续下探（47.2%），居民净储蓄依然制约核心CPI的回升。预计6月CPI同比降至-0.1%，环比降0.1%。

canjiachengxiangjuminjibenyanglaobaoxiande，yinweiqianqijiaofeixianzhudiyuchengzhenzhigongjibenyanglaobaoxianjiaofei，tuixiuhoulingqudeyanglaojinyexianzhudiyuhouzhe，canbaohouzhedetuixiujinquanguopingjunshuipingjiejinmeiyue3000yuan。参(can)加(jia)城(cheng)乡(xiang)居(ju)民(min)基(ji)本(ben)养(yang)老(lao)保(bao)险(xian)的(de)，(，)因(yin)为(wei)前(qian)期(qi)缴(jiao)费(fei)显(xian)著(zhu)低(di)于(yu)城(cheng)镇(zhen)职(zhi)工(gong)基(ji)本(ben)养(yang)老(lao)保(bao)险(xian)缴(jiao)费(fei)，(，)退(tui)休(xiu)后(hou)领(ling)取(qu)的(de)养(yang)老(lao)金(jin)也(ye)显(xian)著(zhu)低(di)于(yu)后(hou)者(zhe)，(，)参(can)保(bao)后(hou)者(zhe)的(de)退(tui)休(xiu)金(jin)全(quan)国(guo)平(ping)均(jun)水(shui)平(ping)接(jie)近(jin)每(mei)月(yue)3(3)000元(yuan)。(。)