China News Service, September 9th. According to the website of the National Bureau of Statistics, the National Bureau of Statistics today released the national CPI (Consumer Price Index) and PPI (Industrial Producer Price Index) data for August 2020.

In this regard, Dong Lijuan, senior statistician of the City Department of the National Bureau of Statistics, explained.

Dong Lijuan pointed out that in August 2020, the CPI growth rate dropped slightly, and the PPI year-on-year decline rate continued to narrow.

Data map: Consumers are buying pork in a supermarket in Taiyuan City, Shanxi Province.

Photo by China News Agency reporter Zhang Yun

Both the month-on-month and year-on-year growth rates of CPI fell, and the prices of some commodities and services rose more

　　In August, all localities actively implemented the Party Central Committee's decision and deployment, and achieved remarkable results in the overall planning of epidemic prevention and control and economic and social development, and the overall market supply and demand were balanced.

From a month-on-month perspective, the CPI rose by 0.4%, a decrease of 0.2 percentage points from the previous month.

Among them, food prices rose by 1.4%, a drop of 1.4 percentage points from the previous month, affecting the CPI's rise by about 0.31 percentage points.

In food, due to the low stock of laying hens, the egg production rate in summer is not high, coupled with the approaching school and Mid-Autumn Festival, the demand has increased significantly. The price of eggs rose by 11.3%, an increase of 7.3 percentage points from the previous month; affected by high temperature and rainfall. As a result, the price of fresh vegetables increased by 6.4%, an increase of 0.1%; the supply of pork improved, but demand continued to increase, and the price still rose by 1.2%, a decline of 9.1%; driven by rising feed costs, recovery of demand and rising pork prices Influenced by other factors, the prices of beef, lamb, chicken and duck have risen to varying degrees, ranging from 0.5% to 1.4%; there is ample supply of fresh fruits, and prices continue to fall by 0.4%, narrowing the decline by 4.0%.

Non-food prices changed from flat last month to an increase of 0.1%, the first increase since February this year, affecting the CPI increase by about 0.09 percentage points.

Among non-food items, summer travel increased, and the prices of air tickets and hotel accommodation rose by 7.3% and 2.1%, respectively. Affected by fluctuations in international crude oil prices, gasoline and diesel prices rose by 0.9% and 1.0%, respectively.

　　From a year-on-year perspective, the CPI rose by 2.4%, a decrease of 0.3 percentage points from the previous month.

Among them, food prices rose by 11.2%, a drop of 2.0 percentage points from the previous month, affecting the CPI to rise by about 2.33 percentage points.

In food, affected by the comparison base last year, the price of pork increased by 52.6%, a sharp drop of 33.1 percentage points from the previous month; the price of fresh vegetables increased by 11.7%, an increase of 3.8 percentage points; the prices of beef and lamb rose by 14.4% and 9.7%, respectively. The price of chicken and duck dropped by 1.6% and 0.9% respectively, the first drop in the past three years; the prices of fresh fruit and eggs continued to drop by 19.8% and 12.4%, respectively, with narrower declines.

Non-food prices changed from flat last month to an increase of 0.1%, which affected the CPI increase by approximately 0.04 percentage points.

Among non-food items, the price of health care increased by 1.5%, and the price of transportation and communications dropped by 3.9%, of which gasoline and diesel prices fell by 14.0% and 15.7% respectively.

The core CPI excluding food and energy prices rose by 0.5% year-on-year, the same rate as last month.

　　According to estimates, of the 2.4% year-on-year increase in August, the carryover impact of last year's price changes was approximately 2.1 percentage points, and the impact of the new price increase was approximately 0.3 percentage points.

The month-on-month increase of PPI fell, and the year-on-year decrease narrowed

　　In August, industrial production continued to improve, market demand continued to recover, and prices of international bulk commodities such as crude oil, iron ore, and non-ferrous metals continued to rise, driving domestic industrial product prices to continue to rise.

From a month-on-month perspective, the PPI rose by 0.3%, a decrease of 0.1 percentage point from the previous month.

Among them, the price of means of production rose by 0.4%, a decline of 0.1 percentage point; the price of means of living rose by 0.1%, the same rate as last month.

Looking at the 40 industrial sectors surveyed, 17 saw price increases, 4 less than the previous month; 18 dropped, 3 increased, and 5 remained unchanged, 1 increased.

Affected by the changes in international crude oil prices, the price increase of oil-related industries has slowed down. Among them, the price of oil and natural gas extraction industry increased by 3.6%, and the price of petroleum, coal and other fuel processing industries increased by 1.2%, and the increase rate dropped by 8.4 and 2.2 respectively. percentage point.

Among other major industries, ferrous metal mining and dressing, which rose by 4.3%, increased by 1.6 percentage points; and the ferrous metal smelting and rolling processing industry, which rose by 1.5%, increased by 0.4%.

The non-ferrous metal smelting and rolling processing industry, where price increases fell back, rose 3.0%, down 0.1%; the agricultural and sideline food processing industry, rose 0.6%, down 0.4%.

In addition, the prices of coal mining and washing industries, gas production and supply industries have all changed from rising to falling, falling by 0.9% and 0.2% respectively.

　　From a year-on-year perspective, PPI fell by 2.0%, and the rate of decline narrowed by 0.4 percentage points from the previous month.

Among them, the price of means of production fell by 3.0%, and the rate of decline narrowed by 0.5%; the price of means of living rose by 0.6%, and the rate of increase dropped by 0.1%.

Among the major industries, the oil and natural gas extraction industry, which decreased by 25.2%, decreased by 2.6 percentage points; the petroleum, coal and other fuel processing industries, decreased by 16.7%, or 0.3 percentage points; ferrous metal smelting and rolling The processing industry fell by 2.5% and narrowed by 2.1 percentage points.

The price drop expanded by coal mining and washing industries, which fell by 8.0%, an increase of 0.6%; the chemical raw materials and chemical products manufacturing industry, fell by 7.6%, and increased by 0.1%.

In addition, the price of non-ferrous metal smelting and rolling processing industry rose 3.4%, an increase of 2.7%.

　　According to estimates, of the 2.0% year-on-year drop in August, the carryover impact of last year's price changes was about 0.1 percentage point, and the impact of the new price increase was about -2.1 percentage points.