China News Service, April 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 March 2021.

According to Dong Lijuan, a senior statistician at the City Department of the National Bureau of Statistics, the CPI in March turned from a decline to a year-on-year increase, the PPI increase expanded, and the price was generally stable.

The CPI has changed from a rise to a fall, and a year-on-year rise

　　From a month-on-month perspective, due to the seasonal fall in demand after the Spring Festival, the CPI went from a 0.6% increase last month to a 0.5% decrease.

Among them, food prices changed from a 1.6% increase last month to a 3.6% decrease, which affected the CPI drop by about 0.71 percentage points.

In food, due to the warmer weather, a large number of fresh vegetables are on the market, and the price has changed from a 1.8% increase in the previous month to a 14.5% decline; the production of live pigs continued to recover, and the price of pork fell by 10.9%, an increase of 7.8% from the previous month. The prices of beef, mutton, chicken, duck, aquatic products and fresh fruits have all changed from rising to falling, falling between 0.2% and 1.7%.

Non-food prices rose by 0.2%, a decrease of 0.2% from the previous month, affecting the CPI's rise by about 0.18%.

Among non-food products, the price of industrial consumer goods rose by 0.7%, which affected the CPI increase by about 0.22 percentage points.

Among them, affected by the rise in international crude oil prices, gasoline and diesel prices rose by 6.6% and 7.3% respectively; new spring clothing products were launched, and clothing prices rose by 0.4%.

Service prices fell by 0.1%, which affected the decrease of CPI by about 0.03 percentage points.

Among them, the prices of services such as housekeeping services, car washing, and hairdressing dropped seasonally after the Spring Festival, down 3.0%-5.3%; after the epidemic improved, travel demand increased, and air ticket prices increased by 6.4%.

　　From a year-on-year perspective, due to the significant weakening of the negative impact of the tail-lifting, the CPI went from a 0.2% drop last month to a 0.4% increase.

Among them, food prices fell by 0.7%, an increase of 0.5 percentage points from the previous month, affecting the CPI drop by about 0.12 percentage points.

In food, the price of pork fell by 18.4%, and the rate of decline expanded by 3.5%; the prices of chicken and duck continued to decline by 8.6% and 2.6%, respectively, and the prices of beef, lamb, eggs and fresh fruits continued to rise, with rates of increase ranging from 3.3% to 8.2%. ; The prices of aquatic products and edible vegetable oil rose by 8.1% and 7.5%, respectively, and the increase was expanded by 2.2 and 1.0 percentage points respectively.

Non-food prices changed from a 0.2% decline last month to an increase of 0.7%, which affected the CPI increase by about 0.56 percentage points.

Among non-food products, the price of industrial consumer goods rose by 1.0%, the first year-on-year increase in the past year, mainly driven by the 11.9% and 12.8% rises in gasoline and diesel prices; the price of services changed from a 0.1% drop in the previous month to a 0.2% increase.

　　According to estimates, of the 0.4% year-on-year increase in March, the carryover impact of last year's price changes was approximately -0.6 percentage points, which was 1.2 percentage points lower than the previous month, and the impact of the new price increase was approximately 1.0 percentage point.

The core CPI excluding food and energy prices changed from flat last month to an increase of 0.3% year-on-year. The core CPI in the first quarter was flat with the same period last year.

PPI's month-on-month and year-on-year growth rates have both expanded

　　From a month-on-month perspective, PPI rose by 1.6% due to factors such as the rise in international commodity prices, an increase of 0.8 percentage points from the previous month.

Among them, the price of means of production rose by 2.0%, an increase of 0.9 percentage points; the price of means of subsistence changed from flat last month to an increase of 0.2%.

Among the 40 industrial sectors surveyed, 30 experienced price increases, 75% increase, 6 declined, and 4 remained unchanged.

International crude oil prices continued to rise, driving the price increase in domestic petroleum-related industries. The prices of petroleum and natural gas extraction industries rose by 9.8%, the prices of petroleum, coal and other fuel processing industries rose by 5.7%, and the prices of chemical raw materials and chemical products manufacturing industries rose by 5.3%. , The increase was expanded by 2.3, 0.8 and 3.2 percentage points respectively.

Affected by the increase in the price of imported iron ore, the increase in domestic industrial production and investment demand, the price of ferrous metal smelting and rolling processing industry increased by 4.7%, an increase of 2.4 percentage points.

Recently, the prices of non-ferrous metals such as copper and aluminum in the international market have risen sharply, pushing the domestic non-ferrous metal smelting and rolling processing industry prices to rise by 4.5%, an increase of 3.0 percentage points.

According to calculations, the five industries mentioned above affect the PPI increase by about 1.27 percentage points, accounting for 80% of the total increase.

The price of coal mining and washing industry changed from rising to falling, down 3.1%.

　　From a year-on-year perspective, PPI rose by 4.4%, an increase of 2.7 percentage points from the previous month.

Among them, the price of means of production rose by 5.8%, an increase of 3.5 percentage points; the price of means of subsistence changed from a 0.2% drop in the previous month to an increase of 0.1%.

Among the major industries, the increase in prices has expanded. Ferrous metal smelting and rolling processing industry increased by 21.5%, an increase of 7.4%; non-ferrous metal smelting and rolling processing industry, increased by 21.3%, an increase of 9.2%; chemical raw materials and chemical products manufacturing Industry, rose 11.4%, an increase of 7.4 percentage points.

The prices of the oil and natural gas extraction industry rose by 23.7%; the petroleum, coal and other fuel processing industries rose by 13.9%; and the electrical machinery and equipment manufacturing industry rose by 1.0%.

The price of coal mining and washing industry rose by 6.9%, a drop of 4.0%.

　　According to estimates, of the 4.4% year-on-year increase in March, the carry-over impact of last year's price changes was about 1.0 percentage point, and the impact of the new price increase was about 3.4 percentage points.