Zhongxin Finance, May 19. According to the WeChat official account of the National Development and Reform Commission, the producer price (PPI) of industrial producers in major international economies has remained high for a while; 6-month decline, significantly lower than other major economies.

The PPI of major international economies fluctuated at a high level, with some countries hitting multi-year highs.

Since the beginning of this year, the impact of the ultra-loose fiscal and monetary policies of the United States and Europe has continued to appear, and the industrial chain and supply chain have not fully recovered under the impact of the epidemic. In particular, the geopolitical conflict has further exacerbated the tension in the supply of international bulk commodities such as energy and food, and pushed the PPI of major economies to high levels. shock.

　　In developed economies, the PPI of the United States rose by 11.5% year-on-year in March, a new high since the beginning of the year, and was still at a high of 11% in April, an increase of 0.9 percentage points from the beginning of the year; the increase of the PPI in the euro area expanded from 30.7% at the beginning of the year to 36.8 %, a record high; Japan's PPI rose 10% in April, the highest since 1981.

　　In terms of emerging economies, PPIs in Turkey and Argentina rose by as much as 115% and 50% in March, while those in Russia, Brazil and India also rose by 26.7%, 16.6% and 14.6% respectively, all at high levels for many years.

my country's PPI growth continued to fall, significantly lower than other major economies.

Different from other major economies, my country adheres to the people-centered development philosophy, comprehensively adopts a series of measures such as production capacity release, reserve adjustment, market supervision, and expectation guidance, and continues to increase efforts to ensure supply and stabilize prices, and has achieved positive results.

At the same time, my country has resolutely curbed the spread of the epidemic, contributed "positive energy" to the stability of the global industrial chain and supply chain, and became an important "stabilizer" of global inflation.

　　From a vertical perspective, my country's PPI increased by 8% year-on-year in April, and the increase has declined for 6 consecutive months, 5.5 percentage points lower than that in October last year.

Among them, the price increase of means of production fell rapidly, and the year-on-year increase in April was 7.6 percentage points lower than that of October last year; the price of living means continued to maintain overall stability, and the increase this year has fluctuated in the range of 0.8% to 1%.

　　Horizontally, my country's PPI growth in April was 3, 28.8, and 2 percentage points lower than those of developed economies such as the United States, the euro zone, and Japan, and significantly lower than other emerging economies.

Among them, food prices in my country's PPI rose 1.6% year-on-year in April, significantly lower than the 16.3% increase in the United States; affected by imported factors such as the surge in global energy prices, electricity and heat prices in my country's PPI rose 9.3% year-on-year in April, far That was lower than gains of 120% in the euro zone and 29% in Japan.

　　Against the backdrop of sharp rises in global commodity prices and high international inflation, my country's PPI growth continued to fall, a hard-won achievement that fully demonstrates the effectiveness of the work of ensuring supply and stabilizing prices.

Looking forward to the later period, as the effect of the policy of ensuring supply and stabilizing prices continues to show, my country's PPI growth is expected to continue to decline.

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