Chinanews.com, March 10th. The National Bureau of Statistics website released on the 10th the national CPI (Consumer Price Index) and PPI (Industrial Producer Ex-factory Price Index) data for February 2021.
In this regard, Dong Lijuan, a senior statistician at the City Department of the National Bureau of Statistics, explained that the month-on-month increase in CPI and PPI fell somewhat in February, the year-on-year decrease in CPI narrowed, and the year-on-year increase in PPI expanded.
Data map: Consumers are buying eggs in a supermarket in Taiyuan City, Shanxi Province.
Photo by China News Agency reporter Zhang Yun
The month-on-month increase of CPI fell, and the year-on-year decline narrowed
From a month-on-month perspective, the CPI rose by 0.6%, a decrease of 0.4 percentage points from the previous month.
Among them, food prices rose by 1.6%, and the growth rate dropped by 2.5 percentage points, affecting the CPI's rise by about 0.30 percentage points.
In food, due to the increase in consumer demand during the Spring Festival and the increase in transportation costs, the prices of aquatic products and fresh fruits rose by 8.7% and 6.1%, respectively, and the increase was 5.4 and 3.8 percentage points respectively. Live pig production continued to recover, and pork prices rose from the previous month. 5.6% turned to a decrease of 3.1%; the weather turned warmer, the egg production of laying hens increased, and the distribution channels were gradually opened after the epidemic situation in some areas improved, and the price of eggs turned from an 11.1% increase last month to a decrease of 4.5%.
Non-food prices rose by 0.4%, an increase of 0.1 percentage point from the previous month, affecting the CPI's rise by about 0.28 percentage points.
Among non-food products, residents’ consumption demand for entertainment has increased during the Chinese New Year, and movie and performance ticket prices have risen by 13.0%; gasoline and diesel prices have risen by 3.4% and 3.7% respectively due to the impact of rising international crude oil prices; labor costs have increased during the Spring Festival Rising, the prices of car washing, housekeeping services, hairdressing, and taxi fees have all risen, ranging from 1.2% to 6.3%.
From a year-on-year perspective, the CPI fell by 0.2%, and the rate of decline narrowed by 0.1 percentage point from the previous month.
Among them, food prices changed from a 1.6% increase last month to a 0.2% decrease, which affected the CPI drop by about 0.05 percentage points.
In food, due to the high base in the same period last year, the price of pork fell by 14.9%, an increase of 11.0 percentage points from the previous month; the prices of chicken and duck fell by 8.7% and 2.6%, respectively, and the rates of decline were narrowed; for mutton, aquatic products, and aquatic products. The price of eggs rose by 7.5%, 5.9% and 4.3%, respectively, and the rate of increase has expanded.
Non-food prices fell by 0.2%, the rate of decrease narrowed by 0.6 percentage points from the previous month, affecting the CPI drop by about 0.15 percentage points.
Among non-food products, the price of transportation and communication dropped by 1.9%, of which the price of air tickets dropped by 28.2%, the prices of gasoline and diesel dropped by 5.2% and 5.8%, respectively; the prices of education, culture, entertainment, and medical care rose by 0.6% and 0.3%, respectively.
According to estimates, of the 0.2% year-on-year decline in February, the carry-over impact of last year's price changes was about -1.8 percentage points, and the impact of new price increases was about 1.6 percentage points.
The core CPI, excluding food and energy prices, fell 0.3% year-on-year to unchanged from the previous month.
The month-on-month increase of PPI fell, and the year-on-year increase expanded
From a month-on-month perspective, the PPI rose by 0.8%, a decrease of 0.2 percentage points from the previous month.
Among them, the price of means of production rose by 1.1%, a decline of 0.1%; the price of means of subsistence changed from a 0.2% increase in the previous month to the same level.
Among the 40 industrial sectors surveyed, 25 experienced price increases, 10 declined, and 5 remained unchanged. The changes are the same as last month.
Affected by the continued upward trend of international crude oil prices, prices in domestic petroleum-related industries continued to rise. The prices of petroleum and natural gas extraction industries rose by 7.5%, the prices of petroleum, coal and other fuel processing industries rose by 4.9%, the prices of chemical fiber manufacturing industries rose by 3.6%, and the prices of chemical raw materials And the price of chemical products manufacturing rose by 2.1%, which together affected the PPI's rise by about 0.45 percentage points.
With the increase in domestic demand and the continued rise in international metal commodity prices, the prices of domestic ferrous metal mining and dressing, ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry rose by 5.9%, 2.3% and 1.5% respectively , The total impact PPI rose by about 0.24 percentage points.
Affected by the warmer weather and the Spring Festival holiday, the demand for heating and industrial electricity has weakened. The price of coal mining and washing industry rose by 1.6%, a decline of 4.8%; the price of gas production and supply industry changed from a rise to a fall, with a decrease of 0.7 %.
From a year-on-year perspective, PPI rose by 1.7%, an increase of 1.4 percentage points from the previous month.
Among them, the price of means of production rose by 2.3%, an increase of 1.8 percentage points; the price of means of subsistence fell by 0.2%, the same rate as last month.
Among the major industries, ferrous metal smelting and rolling processing industries, which rose by 14.1%, and an increase of 4.2 percentage points; non-ferrous metal smelting and rolling processing industries, which rose by 12.1%, and an increase of 3.2 percentage points; coal mining and washing, The increase was 10.9%, an increase of 1.8 percentage points; the manufacturing of chemical raw materials and chemical products, an increase of 4.0%, an increase of 2.8 percentage points.
The oil and natural gas mining industry, which fell by 6.4%, narrowed by 15.5 percentage points; the oil, coal and other fuel processing industries, fell by 0.5%, and narrowed by 8.5 percentage points.
According to estimates, of the 1.7% year-on-year increase in February, the carry-over impact of last year's price changes was about -0.1 percentage point, and the impact of the new price increase was about 1.8 percentage points.