This is a cost-push type of PPI increase, rather than one driven by overheating demand; The core driving force is due to the slow recovery of the economy, the return of upstream raw material demand, and the gradually expanding economy's increased demand for raw materials and goods, making price increases a very normal phenomenon and a clear signal of economic recovery; This cost-push type of PPI increase cannot be quickly transmitted to CPI; Because terminal demand has not fully recovered, the market does not have enough hot money for consumers to spend freely, and companies also lack strong pricing power to directly pass costs onto the end consumer; In the context of a necessary depreciation of the dollar + a slowly recovering economy + a central bank ready to inject liquidity = a golden combination for risk assets;