China News Service, Beijing, October 15 (Reporter Wang Enbo) The National Bureau of Statistics of China announced on the 15th that in September, China's consumer price index (CPI) rose by 1.7% year-on-year, and the increase was 0.7% lower than the previous month.
Among them, the increase in pork prices dropped by 27.1 percentage points from the previous month.
The significant reduction in food price increases was the main reason for the decline in CPI.
In the same month, food prices rose by 7.9% year-on-year, a decrease of 3.3 percentage points from the previous month, affecting the CPI increase by about 1.69 percentage points; non-food prices changed from 0.1% last month to the same level.
According to Dong Lijuan, senior statistician of the City Department of the National Bureau of Statistics, in food, pork prices rose by 25.5%, a sharp drop of 27.1 percentage points from the previous month; beef and mutton prices rose by 9.0% and 5.4%, respectively, and the growth rates fell by 5.4 and 4.3 percentage points, respectively. ; The prices of eggs, chicken and duck meat fell by 17.7%, 9.1% and 4.7% respectively, and the rate of decline expanded by 5.3, 7.5 and 3.8 percentage points respectively.
In addition, in September, the core CPI, excluding food and energy prices, rose 0.5% year-on-year, the same rate as the previous month.
From a month-on-month perspective, China's CPI rose by 0.2% in September, 0.2 percentage points lower than the previous month.
Among them, food prices rose by 0.4%, a drop of 1.0 percentage point from the previous month, affecting the CPI to rise by about 0.09 percentage points.
In food, due to seasonal factors and rainfall in some areas, the price of fresh vegetables continued to rise by 2.4%, a decrease of 4.0% from the previous month; with the continuous recovery of live pig production, the stock continued to improve, the stock of pork increased, and the supply of pork increased. , The price changed from a 1.2% increase last month to a 1.6% decrease.
Non-food prices rose by 0.2%, an increase of 0.1 percentage points from the previous month, affecting the CPI's rise by about 0.14 percentage points.
Among them, with the gradual recovery of entertainment consumption, the number of movie viewers increased, and the price of movie tickets rose 4.1%.
Tang Jianwei, chief researcher of the Bank of Communications Financial Research Center, said that with the fall in food prices, the CPI in the fourth quarter may remain at "1 era".
Since the second half of last year was a period of rising pork prices, and the current pork prices are steadily declining, it is expected that the year-on-year increase in the fourth quarter of this year will significantly narrow.
With the recovery of tourism, accommodation and other industries, non-food prices are expected to gradually stabilize and rise slightly in the future.
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