China News Service, November 10 According to the website of the National Bureau of Statistics, the National Bureau of Statistics released the national CPI (Consumer Price Index) and PPI (Industrial Producer Price Index) data for October 2021.
In this regard, Dong Lijuan, a senior statistician in the City Department of the National Bureau of Statistics, explained that the CPI rose in October 2021, and the PPI increased.
Data map: Citizens are buying vegetables in supermarkets.
Photo by China News Agency reporter Zhai Yujia
CPI has risen
Dong Lijuan pointed out that in October, due to the combined effects of special weather, the contradiction between supply and demand of some commodities, and rising costs, the CPI rose.
From a month-on-month perspective, the CPI went from flat in the previous month to an increase of 0.7%.
Among them, food prices changed from a 0.7% decline last month to an increase of 1.7%, which affected the CPI increase by about 0.31 percentage points, mainly because the price of fresh vegetables rose more.
Affected by factors such as rainy weather, changing crops in summer and autumn, the spread of epidemics in some areas, and increased production and transportation costs, the price of fresh vegetables rose by 16.6%, affecting the CPI increase by about 0.34%, accounting for nearly 50% of the total increase; with the seasonality of consumer demand The increase, coupled with the orderly implementation of the second round of central reserve pork purchasing and storage, pork prices have rebounded slightly since mid-October, and the monthly average still fell by 2.0%, a decrease of 3.1 percentage points from the previous month; the supply of aquatic products and eggs Adequate, prices fell by 2.3% and 2.2% respectively.
Non-food prices rose by 0.4%, an increase of 0.2 percentage points from the previous month, affecting the CPI's rise by about 0.35 percentage points.
Among non-food products, the price of industrial consumer goods rose by 0.9%, an increase of 0.6 percentage points from the previous month. The increase was mainly due to the increase in the price of energy products. The prices of gasoline and diesel rose by 4.7% and 5.2% respectively, affecting a total increase of about 0.15 in CPI. Percentage points, accounting for more than 20% of the total increase; service prices rose 0.1%, the same as the previous month.
Dong Lijuan said that from a year-on-year perspective, the CPI rose by 1.5%, an increase of 0.8 percentage points from the previous month.
Among them, food prices fell by 2.4%, a decrease of 2.8 percentage points from the previous month, affecting the CPI drop by about 0.45 percentage points.
In food, the price of pork fell by 44.0%, and the rate of decline narrowed by 2.9%; the price of fresh vegetables turned from a 2.5% drop last month to an increase of 15.9%; the prices of freshwater fish, eggs and edible vegetable oil rose by 18.6%, 14.3% and 9.3% respectively.
Non-food prices rose by 2.4%, an increase of 0.4%, affecting the CPI's rise by about 1.97%.
Among non-food products, the price of industrial consumer goods rose by 3.8%, an increase of 1.0 percentage point. Among them, the prices of gasoline and diesel rose by 32.2% and 35.7% respectively; the price of services rose by 1.4%, the same rate as the previous month.
According to estimates, of the 1.5% year-on-year increase in October, the carry-over impact of price changes last year was about 0.2 percentage points, compared to 0 last month; the impact of the new price increase was about 1.3 percentage points, an increase of 0.6 percentage points from the previous month.
The core CPI, excluding food and energy prices, rose 1.3% year-on-year, an increase of 0.1 percentage point from the previous month.
PPI gains expanded
Dong Lijuan said that in October, the increase in PPI increased due to the combination of international import factors and the tight supply of domestic major energy and raw materials.
From a month-on-month perspective, PPI rose by 2.5%, an increase of 1.3 percentage points from the previous month.
Among them, the price of means of production rose by 3.3%, an increase of 1.8%; the price of means of subsistence changed from a flat to an increase of 0.1%.
International crude oil prices fluctuated upward, driving up prices in domestic petroleum-related industries. Among them, the price of petroleum extraction industry rose by 7.1%, the price of chemical raw materials and chemical products manufacturing rose by 6.1%, the price of refined petroleum products manufacturing rose by 5.8%, and the price of chemical fiber manufacturing An increase of 3.5%, the above four industries together affected the PPI increase by about 0.76 percentage points.
The supply of coal is tight, and prices have risen sharply. The price of coal mining and washing industry rose by 20.1%, and the price of coal processing industry rose by 12.8%, which in total affected the PPI increase by about 0.74 percentage points.
The price of products in some energy-intensive industries increased, non-metallic mineral products increased by 6.9%, non-ferrous metal smelting and rolling processing industry prices increased by 3.6%, ferrous metal smelting and rolling processing industry prices increased by 3.5%, the above three industries together affected the PPI An increase of about 0.81 percentage points.
In addition, the price of gas production and supply industry rose by 1.3%, and the price of ferrous metal mining and dressing industry fell by 8.9%.
Dong Lijuan pointed out that from a year-on-year perspective, PPI rose by 13.5%, an increase of 2.8 percentage points from the previous month.
Among them, the price of means of production rose by 17.9%, an increase of 3.7 percentage points; the price of means of living rose by 0.6%, an increase of 0.2 percentage point.
Among the 40 industrial sectors surveyed, 36 saw price increases, the same as last month.
Among the main industries, the price of coal mining and washing industry increased by 103.7%, an increase of 28.8 percentage points; oil and natural gas extraction industry, petroleum coal and other fuel processing industry, ferrous metal smelting and rolling processing industry, chemical raw material and chemical product manufacturing industry The price increase of non-ferrous metal smelting and rolling processing industry, chemical fiber manufacturing industry, and non-metallic mineral products industry was between 12.0% and 59.7%, an increase of 3.2 to 16.1 percentage points.
The above-mentioned eight industries together affected the PPI increase by approximately 11.38 percentage points, more than 80% of the total increase.
According to estimates, of the 13.5% year-on-year increase in PPI in October, the carry-over impact of price changes last year was approximately 1.8 percentage points, the same as last month; the impact of the new price increase was approximately 11.7%, an increase of 2.8 percentage points from the previous month.