China News Service, February 10, according to the website of the Bureau of Statistics, the National Bureau of Statistics released on the 10th the national CPI (Consumer Price Index) and PPI (Industrial Producer Price Index) data for January 2021.

In this regard, Dong Lijuan, senior statistician of the City Department of the National Bureau of Statistics, explained that in January 2021, the month-on-month increase in CPI expanded, from a year-on-year rise to a decline; PPI continued to rise month-on-month, from a decline to a year-on-year rise.

Data map: citizens purchase goods in supermarkets.

Photo by China News Agency reporter Hou Yu

CPI increased month-on-month, from rising to falling year-on-year

　　From a month-on-month perspective, CPI rose by 1.0% due to the approaching festivals, local epidemics, and low temperature weather, an increase of 0.3 percentage points from the previous month.

Among them, food prices rose by 4.1%, an increase of 1.3 percentage points, which affected the increase of CPI by about 0.78 percentage points.

In food, due to cooling and rain and snow in some areas, the cost of production, storage and transportation of fresh vegetables increased, and the price rose by 19.0%, an increase of 10.5 percentage points; due to the decline in the stock of laying hens and the epidemic affecting the export of eggs in some areas, The price of eggs rose by 11.1%, an increase of 8.2%. Affected by factors such as increased consumer demand before the holiday and rising feed costs, the prices of pork, beef and lamb rose by 5.6%, 1.2% and 2.7% respectively.

Non-food prices rose by 0.3%, an increase of 0.2 percentage points from the previous month, affecting the CPI to rise by about 0.22 percentage points.

Among non-food products, the prices of gasoline, diesel and LPG rose by 4.2%, 4.6%, and 5.0%, respectively, due to fluctuations in international crude oil prices.

　　From a year-on-year perspective, the comparison base of the same period last year was high due to the wrong month of the Spring Festival, and the CPI went from a 0.2% increase last month to a 0.3% decrease.

Among them, food prices rose by 1.6%, an increase of 0.4 percentage points from the previous month, affecting the CPI increase by about 0.30 percentage points.

In food, the price of fresh vegetables increased by 10.9%, an increase of 4.4 percentage points; the price of pork fell by 3.9%, and the rate of decrease expanded by 2.6 percentage points; the prices of chicken and duck meat fell by 10.7% and 6.8%, respectively, and the rates of decline both narrowed.

Non-food prices changed from flat last month to a drop of 0.8%, which affected the CPI drop by about 0.64 percentage points.

Among non-food items, transportation and communication prices fell by 4.6%, housing prices fell by 0.4%, and medical care prices rose by 0.4%.

　　According to estimates, of the 0.3% year-on-year decrease in January, the carry-over impact of last year's price changes was about -1.3 percentage points, and the impact of new price increases was about 1.0 percentage point.

The core CPI, excluding food and energy prices, fell by 0.3% year-on-year, mainly due to the large year-on-year decline in service prices.

Last January coincided with the Spring Festival, and the impact of the epidemic has not yet appeared. Service prices have risen more. Among them, the price of air tickets and travel agency fees rose by 31.3% and 10.1% respectively, and the prices of hairdressing and household services rose by 5.2% and 3.2% respectively.

During the Spring Festival in February this year, coupled with the impact of the spread of the epidemic, the consumption of residents' travel and some contact services decreased in January, and the prices of travel services fell more year-on-year. Among them, the prices of air tickets and travel agency fees decreased by 33.2% and 9.9% respectively. ; The prices of other services have also declined year-on-year. The price of hairdressing has dropped by 1.3% year-on-year, and the price of home services has dropped from 3.5% last year to 0.9% this year.

PPI continued to rise month-on-month, from a decline to a year-on-year rise

　　From a month-on-month perspective, domestic demand continued to improve, and prices of international bulk commodities such as crude oil and iron ore continued to rise, driving the PPI to rise by 1.0%.

Among them, the price of means of production rose by 1.2%, a decrease of 0.2 percentage points from the previous month; the price of means of living rose by 0.2%, an increase of 0.1 percentage point.

Among the 40 major industrial sectors surveyed, 25 saw price increases, one less than the previous month; 10 declines, an increase of 4, and 5 unchanged, a decrease of 3.

Recently, international crude oil prices have continued to rise, driving prices in domestic petroleum-related industries to rise more. The prices of petroleum and natural gas extraction industries rose by 8.2%, the prices of petroleum, coal and other fuel processing industries rose by 5.3%, and the prices of chemical raw materials and chemical products manufacturing rose by 1.0 %, the total impact of PPI increase is about 0.36 percentage points.

Improved demand and rising costs drove prices in metal-related industries to continue to rise. The price of ferrous metal smelting and rolling processing industry rose by 3.8%, and the price of non-ferrous metal smelting and rolling processing industry rose by 0.9%, which in total affected the PPI increase by about 0.29 percentage points.

At the beginning of the year, the cold wave and low temperature weather occurred frequently, coupled with the steady growth of industrial production, the demand for residential heating and industrial electricity increased significantly, driving the price of coal mining and washing industry to rise by 6.4%.

In addition, heating demand also drove gas production and supply prices to rise by 3.9%.

　　From a year-on-year perspective, the PPI went from a 0.4% decline last month to an increase of 0.3%.

Among them, the price of means of production changed from a 0.5% drop last month to an increase of 0.5%; the price of means of subsistence fell 0.2%, a decrease of 0.2 percentage points from the previous month.

Among the main industries, ferrous metal smelting and rolling processing industries, which rose by 9.9%, increased by 4.9 percentage points; coal mining and washing industries, rose by 9.1%, increased by 7.8%; non-ferrous metal smelting and rolling processing industries, Increased by 8.9%, an increase of 0.6 percentage point.

The oil and natural gas mining industry, which decreased by 21.9%, decreased by 5.1 percentage points; the oil, coal and other fuel processing industries, decreased by 9.0%, or 3.5 percentage points.

In addition, the prices of chemical raw materials and chemical products manufacturing turned from flat to 1.2%.

　　According to estimates, of the 0.3% year-on-year increase in January, the carry-over impact of last year's price changes was about -0.7 percentage point, and the impact of the new price increase was about 1.0 percentage point.