China News Service, October 15th. 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 (Ex-factory Price Index of Industrial Producers) data for September 2020.

In this regard, Dong Lijuan, a senior statistician in the City Department of the National Bureau of Statistics, explained that the month-on-month increase in CPI and PPI in September 2020 continued to fall.

　　The quarter-on-quarter and year-on-year increase of CPI continued to fall

　　In September, all localities actively implemented the "six stability" and "six guarantees" policies and normalized epidemic prevention and control measures, and the market supply and demand situation was generally stable.

From a month-on-month perspective, the CPI rose by 0.2%, 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 the superimposed influence of seasons and festivals, the price of fresh fruits has changed from a 0.4% drop last month to an increase of 7.3%; affected by 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 Percentage points; with the continuous recovery of live pig production, the continuous improvement of stocks, the increase in the supply of reserve pork, and the increase in pork supply, and the price has changed from a 1.2% increase last month to a decrease of 1.6%.

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 non-food items, with the gradual recovery of cultural and entertainment consumption, the number of movie viewers increased, and the price of movie tickets increased by 4.1%; the new semester began, the fees of extracurricular education and some private schools increased, and the price of education services increased by 1.6%; summer and autumn changed seasons. The price of clothing rose by 0.9%.

　　From a year-on-year perspective, the CPI rose by 1.7%, a decrease of 0.7 percentage points from the previous month.

Among them, food prices rose by 7.9%, a decrease of 3.3 percentage points from the previous month, affecting the CPI increase by about 1.69 percentage points.

In food, the price of pork rose by 25.5%, a sharp drop of 27.1 percentage points from the previous month; the price of fresh vegetables rose by 17.2%, an increase of 5.5 percentage points; the prices of beef and mutton rose by 9.0% and 5.4%, respectively, and the increase fell by 5.4 and 4.3 respectively. The price of fresh fruit fell by 6.9%, and the rate of decline narrowed by 12.9%; the prices of eggs, chicken, and duck fell by 17.7%, 9.1%, and 4.7%, respectively, and the rates of decline expanded by 5.3, 7.5, and 3.8 percentage points, respectively.

Non-food prices have turned unchanged from a 0.1% increase last month.

Among non-food items, the price of health care rose by 1.5%, the price of education, culture, and entertainment rose by 0.7%, and the price of transportation and communications fell by 3.6%. The prices of gasoline and diesel fell by 15.0% and 16.6%, 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 1.7% year-on-year increase in September, the carry-over impact of last year's price changes was about 1.2 percentage points, and the impact of new price increases was about 0.5 percentage points.

　　The month-on-month increase of PPI continued to fall, and the year-on-year decrease slightly expanded

　　In September, domestic industrial production and demand recovered steadily, and industrial product prices continued to rise.

From a month-on-month perspective, the PPI rose by 0.1%, a decrease of 0.2 percentage points from the previous month.

Among them, the price of means of production rose by 0.2%, and the rate of increase fell by 0.2%; the price of means of subsistence changed from rising to falling, falling by 0.1%.

Looking at the 40 industrial sectors surveyed, 15 saw price increases, a decrease of 2 from the previous month; 19 declines, an increase of 1; and 6 industries that remained unchanged, an increase of 1.

Affected by changes in international crude oil prices, the prices of petroleum-related industries have turned from rising to falling. Among them, the prices of petroleum and natural gas extraction industries fell by 2.3%, and the prices of petroleum, coal and other fuel processing industries fell by 0.5%.

Among other major industries, the price growth of ferrous metal smelting and rolling processing industry, which rose by 1.3%, fell 0.2%; the non-ferrous metal smelting and rolling processing industry, rose 0.7%, and fell 2.3%; agricultural and sideline food processing industry, Increased by 0.2%, down 0.4%.

In addition, the prices of non-metallic mineral products, coal mining and washing industries all turned from falling to rising, rising by 0.4% and 0.3% respectively; the prices of computer, communications and other electronic equipment manufacturing industries fell by 0.7%, an increase of 0.3% from the previous month. percentage point.

　　From a year-on-year perspective, PPI fell by 2.1%, an increase of 0.1 percentage point from the previous month.

Among them, the price of means of production fell by 2.8%, and the rate of decline narrowed by 0.2%; the price of means of subsistence changed from an increase to a decline, down 0.1%.

Among the major industries, the agricultural and sideline food processing industry saw a decline in price growth, which rose by 3.9%, a drop of 1.6 percentage points; and the non-ferrous metal smelting and rolling processing industry, which rose by 2.9%, fell by 0.5 percentage point.

The coal mining and washing industries, which fell by 7.5%, narrowed by 0.5 percentage point, and the non-metallic mineral products industry, fell by 2.3%, and narrowed by 0.2 percentage point.

The oil and natural gas mining industry, which decreased by 26.2%, increased by 1.0 percentage point; the oil, coal and other fuel processing industries, decreased by 16.9%, and increased by 0.2 percentage point.

In addition, the prices of ferrous metal smelting and rolling processing industries have been flat from a decline last month.

　　According to estimates, in the 2.1% year-on-year drop in September, the carry-over impact of last year's price changes was 0, and the impact of new price increases was about -2.1 percentage points.