China News Service, Beijing, July 9th (Reporter Wang Enbo) As the effect of the domestic commodity supply and price stabilization policy has initially emerged, the rise in China's industrial product prices has slowed down.
Data released by the National Bureau of Statistics of China on the 9th showed that in June, the year-on-year increase of China's industrial producer price index (PPI) fell for the first time in the year.
According to Dong Lijuan, a senior statistician in the City Department of the National Bureau of Statistics, from a year-on-year perspective, China’s PPI rose by 8.8% in June, a decrease of 0.2 percentage points from the previous month.
Among them, the price of means of production rose by 11.8%, a drop of 0.2%; the price of means of living rose by 0.3%, a drop of 0.2%.
Among the major industries, the price of oil and natural gas extraction industry rose by 53.6%, and the rate of increase fell by 45.5 percentage points.
The price increase of ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry, chemical raw material and chemical product manufacturing industry also declined to varying degrees.
Wen Bin, chief researcher of China Minsheng Bank, analyzed that the year-on-year decline in China's PPI growth was related to the gradual increase in the base figure last year. In June last year, the PPI fell by 3% year-on-year, which was 0.7 percentage points lower than the previous month.
On the other hand, under the effect of the domestic bulk commodity supply and price stabilization policy, the rise of bulk commodities has slowed down as a whole, and the prices of some categories have peaked and fallen.
According to official calculations, of the 8.8% year-on-year increase in PPI in June, the carry-over impact of price changes last year was approximately 2.4 percentage points, a decrease of 0.6 percentage points from the previous month; the impact of the new price increase was approximately 6.4 percentage points, an increase of 0.4 percentage points. .
From a month-on-month perspective, China’s PPI rose by 0.3% in June, a drop of 1.3 percentage points from the previous month.
Among them, the price of means of production rose by 0.5%, a decline of 1.6 percentage points; the price of means of living changed from a 0.1% increase last month to a decrease of 0.2%.
Dong Lijuan mentioned that due to the policy of ensuring the supply of raw materials and stabilizing prices, the excessively rapid price increase of steel, non-ferrous metals and other industries has been initially curbed, and prices have all changed from rising to falling.
The high temperature weather has led to a strong demand for thermal coal, which drove the price of coal mining and washing industries to rise by 5.2%, but due to measures to increase production and supply, the increase fell by 5.4 percentage points.
Wen Bin believes that after a period of relatively rapid rise in global commodity prices, the current price increase momentum has slowed down. Coupled with a series of domestic supply and price stabilization policies, the momentum of China's commodity price increases has been basically controlled, and the PPI has reached a high point this year. Has appeared. With the gradual rise of the base, the PPI is expected to maintain a trend of volatility and decline in the second half of the year, but still need to pay attention to the uncertainty brought by the rise of international oil prices. (Finish)