China News Service, Beijing, April 11 (Reporter Wang Enbo) The National Bureau of Statistics of China announced on the 11th that in March, China's consumer price index (CPI) rose by 1.5% year-on-year, an increase of 0.6 percentage points from the previous month.
Among them, the price of fresh vegetables changed from a decrease of 0.1% in the previous month to an increase of 17.2%.
Dong Lijuan, senior statistician of the City Department of the National Bureau of Statistics, said that in March, food prices fell by 1.5% year-on-year, a decrease of 2.4 percentage points from the previous month, affecting the CPI drop of about 0.28 percentage points.
In food, except for the price of fresh vegetables, the price of pork dropped by 41.4%, which was 1.1 percentage points lower than the previous month; There is a fall back.
In March, non-food prices rose by 2.2% year-on-year, an increase of 0.1 percentage points from the previous month, affecting the CPI rise of about 1.77 percentage points.
Among them, the prices of gasoline, diesel and liquefied petroleum gas rose by 24.6%, 26.9% and 27.1% respectively, and the increase was expanded.
According to estimates, among the 1.5% year-on-year increase in March, the impact of last year's price changes was about 0.4 percentage points, and the impact of new price increases was about 1.1 percentage points.
The core CPI, which excludes food and energy prices, continued to hold steady, rising 1.1% year-on-year in March, the same increase as in February.
From a month-on-month perspective, in March, the CPI turned flat from an increase of 0.6% in the previous month.
Among them, food prices changed from an increase of 1.4% in the previous month to a decrease of 1.2%, affecting the CPI to drop by about 0.22 percentage points.
Non-food prices went up by 0.3%, a decrease of 0.1 percentage points from the previous month, and affected the CPI increase by about 0.25 percentage points.
In food, due to factors such as the fall in consumer demand and sufficient supply after the festival, the price of pork fell by 9.3%; the prices of flour, edible vegetable oil, fresh vegetables and eggs rose by 1.7% due to the increase in international prices of wheat, corn and soybeans and the impact of the domestic epidemic. %, 0.6%, 0.4% and 0.3%.
Talking about the follow-up trend of prices, Pang Ming, chief strategist of Huaxing Capital, believes that although the epidemic may bring some CPI rises, considering that the price of livestock and meat, especially pork, which dominates the CPI trend, will still be in a downward range, it is expected that this year China The year-on-year CPI increase will be expanded by the tail-off of price changes in 2021, but it will still maintain a moderate upward trend.
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