Product
  • Product
  • Supplier
  • Inquiry
    Home > Statistical Bureau: CPI and PPI increased slightly in July.

    Statistical Bureau: CPI and PPI increased slightly in July.

    Echemi 2019-08-16

    CPI-PPI

    According to the news of the National Bureau of Statistics on August 9, the National Bureau of Statistics today released the national CPI (consumer price index) and PPI (factory price index of industrial producers) data for July 2009. In this regard, Dong Yaxiu, Director of the Urban Department of the National Bureau of Statistics, pointed out that the CPI ring ratio has changed from decline to rise, with a slight increase over the same period of last year. Dong Yaxiu said that CPI fell by 0.1% from last month to increase by 0.4%. Among them, food prices fell by 0.3% from last month to increase by 0.9%, affecting CPI by about 0.19 percentage points; non-food prices fell by 0.1% from last month to increase by 0.3%, affecting CPI by about 0.22 percentage points. In food, the hot weather and excessive precipitation in some areas are not conducive to fresh vegetable production, storage and transportation. Prices rose by 2.6%, affecting CPI by about 0.06 percentage points. Affected by the African swine plague, the supply of pork was tight and the price rose by 7.8%, which affected CPI's rise by about 0.20 percentage points. When laying hens enter the dormant period, the laying rate decreases, and the price of eggs increases by 5.0%, which affects the CPI increase by about 0.03 percentage points. The price of fresh fruits dropped by 6.2%, affecting CPI by about 0.14 percentage points. Among non-food items, summer travel increased, airline tickets, travel agency charges and hotel accommodation prices increased by 19.3%, 8.6% and 2.2%, respectively, which affected the CPI increase by about 0.19 percentage points. Affected by the price adjustment of refined oil, the prices of gasoline and diesel oil dropped by 1.9% and 2.0%, respectively. The total CPI decreased by about 0.04 percentage points.

    From a year-on-year perspective, CPI rose by 2.8%, an increase of 0.1 percentage points over the previous month. Among them, food prices rose by 9.1%, an increase of 0.8 percentage points over last month, affecting CPI by about 1.74 percentage points; non-food prices rose by 1.3%, a decline of 0.1 percentage points over last month, affecting CPI by about 1.04 percentage points. In food, fresh fruit prices rose by 39.1%, down 3.6 percentage points from last month; pork prices rose by 27.0%, an increase of 5.9 percentage points. These two items together affect CPI's rise by about 1.22 percentage points. The prices of eggs, chicken, beef, mutton and fresh vegetables rose between 5.2% and 11.4%. Among non-food items, the prices of health care, education, culture and entertainment, and housing rose by 2.6%, 2.3% and 1.5% respectively, affecting a total increase of about 0.80 percentage points in CPI. According to estimates, in July's 2.8% increase in the same proportion, last year's price change of the upside-tail effect is about 1.2 percentage points, the impact of the new price increase is about 1.6 percentage points.

    Dong Yaxiu said that the decline of PPI ring was narrower than that of the previous year, but slightly lower than that of the previous year. In terms of ring ratio, PPI decreased by 0.2%, and the decline was 0.1 percentage point narrower than last month. Among them, the price of means of production dropped by 0.3%, which was 0.1 percentage point narrower than last month, while the price of means of livelihood remained flat. From the survey of 40 industrial sectors, there are 18 rising prices, 17 falling prices and 5 flat prices. Among the major industries, ferrous metal smelting and calendering increased by 0.6%, non-ferrous metal smelting and calendering increased by 0.1%, including gold smelting by 4.7% and silver smelting by 3.3%. Oil and natural gas production declined by 5.4%, 1.5 percentage points more than last month; oil, coal and other fuel processing industry declined by 2.4%, expanding by 0.5 percentage points; coal mining and washing industry declined by 1.5%, expanding by 1.4 percentage points. The decline was narrowed by 0.5% in the manufacturing of chemical raw materials and chemicals, and 0.6% in the non-metallic mineral products industry. The decline was 0.3% and 0.1% in the non-metallic mineral products industry. In addition, the price of ferrous metal mining and processing industry rose by 4.6%, an increase of 0.9 percentage points over last month.

    Compared with the same period of last month, PPI was flat and decreased by 0.3%. Among them, the price of means of production dropped by 0.7%, which was 0.4 percentage points larger than that of last month; the price of means of subsistence rose by 0.8%, which was 0.1 percentage points lower than that of last month. Among the major industries, the increase in mining and processing of ferrous metals increased by 23.7%, an increase of 5.2 percentage points over the previous month, and that in mining and processing of non-ferrous metals increased by 1.9%, an increase of 1.1 percentage points. Gas production and supply declined, up 3.0%, down 1.4 percentage points; coal mining and washing industry, up 1.2%, down 2.2 percentage points. Oil and natural gas exploitation decreased by 8.3% and increased by 6.5 percentage points; petroleum, coal and other fuel processing decreased by 5.1% and expanded by 3.2 percentage points; chemical raw materials and chemical products manufacturing decreased by 4.0% and expanded by 0.2 percentage points. The reduction was narrowed by 0.4% in ferrous metal smelting and calendering, 0.1% in non-ferrous metal smelting and calendering, 0.3% in non-ferrous metal smelting and calendering, and 1.8% in non-ferrous metal smelting and calendering. According to estimates, in July's 0.3% comparative decline, last year's price change's upside-down effect was about 0.2 percentage points, and the new price increase's impact was about - 0.5 percentage points.

    Share to:
    Disclaimer: Echemi reserves the right of final explanation and revision for all the information.

    Scan the QR Code to Share

    Suggestions
    Email:
    Message:
    Send Message