Bureau of Statistics: CPI Generally Stable in February, PPI year-on-year Rate of Increase Back Down

First, the CPI rose slightly, the year-on-year rate of increase overall stable

In February, by the Spring Festival factor and international energy price fluctuations and other common influences, CPI ringgit slightly expanded, the year-on-year rate of increase overall stable.

From the ring, CPI rose 0.6%, an increase of 0.2 percentage points over the previous month.

Among them, food prices rose 1.4%, the same rate as last month, affecting the CPI rose by about 0.26 percentage points. Food, affected by the Spring Festival factor, fresh vegetables, aquatic products and fresh fruit prices rose 6.0%, 4.8% and 3.0%, chicken, duck, beef and lamb prices rose between 0.3% and 1.4%; pork and egg supply is sufficient, prices fell 4.6% and 3.7% respectively.

Non-food prices rose 0.4%, an increase of 0.2 percentage points over the previous month, affecting the CPI rose by about 0.34 percentage points. Non-food, industrial consumer prices were flat from last month to 0.8%, mainly driven by rising energy prices, including gasoline, diesel and liquefied petroleum gas prices rose 6.2%, 6.7% and 1.3%, respectively. Service prices rose by 0.3% from the previous month to flat.

Among them, the local New Year's Eve driven by recreational consumption and suburban tourism fever, movie and performance ticket prices rose 9.3%, residential and other accommodation prices rose 2.2%; after the festival workers are returning to the city, service supply increased, domestic services and maternal and child care services prices fell 6.8% and 1.9% respectively.

From a year-on-year perspective, CPI rose 0.9%, the same rate as last month. Among them, food prices fell 3.9%, the rate of decline than last month expanded by 0.1 percentage points, affecting the CPI fell by about 0.76 percentage points. Food, pork prices fell 42.5%, the rate of decline than last month expanded by 0.9 percentage points; fresh fruit, edible vegetable oil and aquatic products prices rose 6.6%, 6.4% and 4.9%, the rate of increase have fallen. Non-food prices rose 2.1%, an increase of 0.1 percentage points over the previous month, affecting the CPI rose about 1.68 percentage points.

Non-food, prices of industrial consumer goods rose 3.1%, or 0.6 percentage points more than last month, including gasoline and diesel prices rose 23.9% and 26.3%, or more than last month have expanded. Service prices rose 1.2%, down 0.5 percentage points, including airline tickets and travel prices rose 18.0% and 4.5%, the rate of increase than last month have fallen; education services and medical services prices rose 2.7% and 0.9%, up by the same rate as last month.

According to calculations, in February 0.9% year-on-year increase, last year's price changes in the tail impact of about -0.1 percentage points, the impact of new price increases of about 1.0 percentage points. Core CPI net of food and energy prices rose 1.1% year-on-year, or 0.1 percentage points lower than the previous month.

Second, the PPI ring from the decline to rise, the year-on-year rate of increase fell back

In February, by crude oil, non-ferrous metals and other international commodity prices rose and other factors, PPI ring from the decline to rise, the year-on-year rate ofincrease fell.

From the ring, PPI from the previous month fell 0.2% to rise 0.5%. Among them, the price of production materials from down 0.2% to up 0.7%, the price of living materials from flat to up 0.1%. International crude oil prices rose sharply, driving domestic oil-related industries prices upward, including oil extraction prices rose 13.5%, refined petroleum products manufacturing prices rose 6.5%, organic chemical raw materials manufacturing prices rose 2.9%.

Affected by international factors, domestic non-ferrous metal smelting and rolling processing industry prices rose 2.0%. Coal prices continued to fall, coal mining and washing industry, coal processing prices fell 2.4%.

In addition, the electricity and heat production and supply industry prices rose 0.9%, ferrous metal smelting and rolling processing industry prices rose 0.7%; non-metallic mineral products industry prices fell 1.0%.

Year-on-year, PPI rose 8.8%, or 0.3 percentage points lower than the previous month.

Among them, the price of production materials rose 11.4%, down 0.4 percentage points, the price of living materials rose 0.9%, an increase of 0.1 percentage points. Survey of 40 industrial industry categories, prices rose 36, the same as last month.

The main industries, prices fell: coal mining and washing industry rose 45.4%, down 5.9 percentage points; chemical raw materials and chemical products manufacturing industry rose 19.7%, down 1.3 percentage points; ferrous metal smelting and rolling processing industry rose 12.9%, down 1.8 percentage points; chemical fiber manufacturing industry rose 11.4%, down 2.7 percentage points.

Price increases have expanded: oil and gas extraction industry rose 41.9%, expanding 3.7 percentage points; oil, coal and other fuel processing industry rose 30.2%, expanding 0.1 percentage points; non-ferrous metal smelting and rolling processing industry rose 20.4%, expanding 0.6 percentage points; electricity and heat production and supply industry rose 8.5%, expanding 0.8 percentage points.

According to calculations, in February 8.8% year-on-year increase, last year's price changes in the tail impact of about 8.4 percentage points, the impact of new price increases of about 0.4 percentage points.