China News Service, December 9th. The National Bureau of Statistics today released the national CPI (Consumer Price Index) and PPI (Industrial Producer Price Index) data for November 2021.

In this regard, Dong Lijuan, a senior statistician in the City Department of the National Bureau of Statistics, explained.

Data map: Citizens are shopping in the supermarket.

Photo by China News Agency reporter Zhang Lang

1. The month-on-month increase of CPI fell, and the year-on-year increase increased

　　From a month-on-month perspective, due to the combined effects of seasonal factors, rising costs, and the spread of epidemics, CPI rose by 0.4%, a decrease of 0.3 percentage points from the previous month.

Among them, food prices rose by 2.4% month-on-month, an increase of 0.7 percentage points from the previous month, affecting the CPI increase by about 0.43 percentage points.

In food, affected by factors such as seasonal growth in consumer demand and short-term tight supply of fat pigs, the price of pork has changed from a decline to an increase, rising by 12.2%. Various localities have taken multiple measures to ensure the supply of “vegetable baskets”. The increase in vegetable prices dropped sharply by 9.8 percentage points from the previous month.

Non-food prices have turned unchanged from a 0.4% increase last month.

Among non-food products, the price of industrial consumer goods rose by 0.3%, a decrease of 0.6 percentage points from the previous month. Among them, the prices of gasoline, diesel and liquefied petroleum gas rose by 3.1%, 3.3%, and 1.2%, respectively, and the growth rates were all lower than the previous month; service prices From a 0.1% increase last month to a decrease of 0.3%, the prices of air tickets, travel agency fees and hotel accommodation fell by 14.8%, 3.8%, and 3.7%, respectively, due to the reduction in travel after the holiday and the spread of the epidemic.

　　From a year-on-year perspective, the CPI rose by 2.3%, an increase of 0.8 percentage points from the previous month.

The year-on-year increase has expanded considerably. In addition to being affected by the new price increase this month, it was mainly due to the low base in the same period last year.

Specifically, food prices have changed from a 2.4% year-on-year decline to an increase of 1.6% year-on-year, affecting the CPI's rise by about 0.30 percentage points.

In food, the price of pork fell by 32.7%, which was 11.3 percentage points lower than the previous month; the price of fresh vegetables rose by 30.6%, which was an increase of 14.7 percentage points from the previous month; the prices of eggs, freshwater fish and edible vegetable oil rose by 20.1% and 18.0%, respectively. And 9.7%.

Non-food prices rose by 2.5%, an increase of 0.1 percentage point from the previous month, affecting the CPI's rise by about 2.04 percentage points.

Among non-food products, the price of industrial consumer goods rose by 3.9%, an increase of 0.1%. Among them, the prices of gasoline and diesel rose by 36.7% and 40.6%, respectively, and the increase continued to expand; the price of services rose by 1.5%, an increase of 0.1% from the previous month.

　　According to estimates, of the 2.3% year-on-year increase in November, the carry-over impact of price changes last year was approximately 0.6 percentage points, an increase of 0.4 percentage points from the previous month; the impact of the new price increase was approximately 1.7 percentage points, an increase of 0.4 percentage points from the previous month percentage point.

The core CPI, excluding food and energy prices, rose 1.2% year-on-year, and the increase was 0.1 percentage point lower than the previous month.

2. PPI was flat month-on-month, but the year-on-year growth rate fell

　　In November, as the implementation of the policy of ensuring supply and price stabilization continued to increase, the rapid increase in the prices of coal, metals and other energy and raw materials was initially curbed, and the increase in PPI declined.

　　From a month-on-month perspective, the PPI went flat from a 2.5% increase in the previous month.

Among them, the price of means of production changed from an increase of 3.3% to a decrease of 0.1%; the price of means of living rose by 0.4%, an increase of 0.3%.

Multi-sectoral linkages have curbed the irrational rise in coal prices. Coal production and market supply have continued to increase. The price of coal mining and washing industries has changed from an increase of 20.1% to a decrease of 4.9%, and the price of coal processing has changed from an increase of 12.8% to a decrease of 8.4%.

The effect of maintaining supply and stabilizing prices in the metal industry has appeared. The price of ferrous metal smelting and rolling processing industry has changed from an increase of 3.5% to a decrease of 4.8%, and the price of non-ferrous metal smelting and rolling processing industry has changed from an increase of 3.6% to a decrease of 1.2%.

International crude oil and natural gas prices fluctuated at high levels, driving up prices in related domestic industries.

Petroleum extraction prices rose by 7.1%, refined petroleum products manufacturing prices rose by 4.7%, chemical raw materials and chemical products manufacturing prices rose by 0.7%; gas production and supply industry prices rose by 4.1%.

In addition, prices in the production and supply of electricity and heat rose by 1.9%, prices in the agricultural and sideline food processing industries rose by 1.4%, and prices in the textile industry rose by 1.2%.

　　From a year-on-year perspective, PPI rose by 12.9%, a decrease of 0.6 percentage points from the previous month.

Among them, the price of means of production rose by 17.0%, a decrease of 0.9%; the price of means of living rose by 1.0%, and the increase was increased by 0.4%.

Among the 40 industrial sectors surveyed, 37 saw price increases, an increase of 1 over the previous month.

Among the major industries, the price increase dropped: coal mining and washing industry rose by 88.8%, a drop of 14.9%; ferrous metal smelting and rolling processing industry rose by 31.0%, a drop of 8.9%; non-ferrous metal smelting and rolling processing industry rose by 26.5 %, down 3.0 percentage points.

The price increases were as follows: the oil and natural gas extraction industry rose by 68.5%, an increase of 8.8%; the gas production and supply industry rose by 10.9%, an increase of 1.5%; the textile industry rose by 9.2%, an increase of 0.7%; the food manufacturing industry rose by 3.5% %, an increase of 0.9 percentage points.

　　According to estimates, of the 12.9% year-on-year increase in PPI in November, the carryover impact of price changes last year was approximately 1.2 percentage points, a decrease of 0.6 percentage points from the previous month; the impact of the new price increase was approximately 11.7%, the same as the previous month.