Zhongxin Finance, June 10. According to the website of the National Bureau of Statistics, on the 10th, the National Bureau of Statistics released the national CPI (Consumer Price Index) and PPI (Industrial Producer Price Index) data for May 2022.

In this regard, Dong Lijuan, senior statistician of the Urban Department of the National Bureau of Statistics, interpreted it.

CPI fell month-on-month, and the year-on-year increase was the same as the previous month

　　In May, the domestic epidemic prevention and control situation continued to improve, the supply of the consumer market was generally sufficient, the CPI fell month-on-month, and the year-on-year increase remained stable.

　　From a month-on-month perspective, the CPI has changed from an increase of 0.4% in the previous month to a decrease of 0.2%.

Among them, food prices changed from an increase of 0.9% in the previous month to a decrease of 1.3%, affecting the CPI to drop by about 0.24 percentage points.

In food, with a large number of fresh vegetables on the market, logistics gradually became smooth, and the price of fresh vegetables fell by 15.0%; the central reserve pork purchase and storage work continued, the effect of reducing the production capacity of live pigs gradually appeared, and the price of pork rose by 5.2%; due to the high international grain prices As a result, the prices of domestic flour, grain products and edible vegetable oil rose by 0.8%, 0.8% and 0.7% respectively.

The price of non-food items rose by 0.1%, a decrease of 0.1 percentage point from the previous month, and the CPI rose by about 0.06 percentage point.

Among non-food items, fluctuations in international oil prices affected domestic gasoline and diesel prices, which both rose by 0.6%. During the epidemic, offline service consumption decreased, while online service consumption increased. The prices of movie and performance tickets and hotel accommodation fell by 2.6% and 0.7% respectively. The price of entertainment services rose 2.4%.

　　On a year-on-year basis, the CPI rose by 2.1%, the same increase as last month.

Among them, food prices rose by 2.3%, an increase of 0.4 percentage points from the previous month, affecting the CPI increase of about 0.42 percentage points.

Among the food, the prices of fresh fruits, potatoes and grains rose by 19.0%, 16.1% and 3.2% respectively, and the increase was larger than that of the previous month; the prices of fresh vegetables and eggs rose by 11.6% and 11.4% respectively, and the increase was 12.4 and 12.4% lower than that of the previous month. 1.9 percentage points; pork prices fell by 21.1%, a decrease of 12.2 percentage points from the previous month.

Non-food prices rose by 2.1%, 0.1 percentage points lower than the previous month, affecting the CPI rise of about 1.68 percentage points.

Among non-food items, the prices of gasoline, diesel and liquefied petroleum gas rose by 27.6%, 30.1% and 26.9% respectively; the prices of hotel accommodation and air tickets fell by 7.4% and 2.4% respectively.

　　According to estimates, in the 2.1% year-on-year increase in May, the impact of last year's price changes was about 0.8 percentage points, and the impact of new price increases was about 1.3 percentage points.

The core CPI, which excludes food and energy prices, rose 0.9% year-on-year, the same increase as the previous month.

Both the month-on-month and year-on-year growth of PPI continued to fall

　　In May, various regions and departments efficiently coordinated epidemic prevention and control and economic and social development to ensure smooth and stable supply chains of key industrial chains.

　　From a month-on-month perspective, the PPI increased by 0.1%, a decrease of 0.5 percentage points from the previous month.

Among them, the prices of means of production rose by 0.1%, and the increase fell by 0.7 percentage points; the prices of living means rose by 0.3%, and the increase increased by 0.1 percentage points.

International crude oil prices fluctuated upwards, driving up prices in related domestic industries.

Among them, the price of oil and natural gas extraction industry increased by 1.3%, the price of petroleum coal and other fuel processing industry increased by 0.9%, the price of chemical fiber manufacturing industry increased by 0.8%, and the price of chemical raw material and chemical products manufacturing industry increased by 0.6%.

With the safe and orderly release of advanced coal production capacity in various places, various measures are taken to ensure coal supply, and the management of market expectations has been strengthened. percent.

Affected by factors such as the slowdown in investment growth, the price of non-ferrous metal smelting and rolling processing industry fell by 1.3%, the price of ferrous metal smelting and rolling processing industry fell by 0.5%, and the price of non-metallic mineral products industry fell by 0.5%.

In addition, the price of agricultural and sideline food processing industry increased by 0.9%, and the price of computer communication and other electronic equipment manufacturing industry increased by 0.8%.

　　On a year-on-year basis, the PPI increased by 6.4%, a decrease of 1.6 percentage points from the previous month.

Among them, the prices of means of production rose by 8.1%, and the growth rate dropped by 2.2 percentage points; the prices of living materials rose by 1.2%, and the growth rate increased by 0.2 percentage points.

Of the 40 major industrial sectors surveyed, 37 saw price increases, the same as last month.

Among the major industries, the price increases fell: coal mining and washing industry rose 37.2%, down 16.2 percentage points; non-ferrous metal smelting and rolling processing industry rose 10.4%, down 6.4 percentage points; petroleum, coal and other fuel processing industries rose 34.0% %, down 4.7 percentage points; chemical raw materials and chemical products manufacturing industry increased by 13.6%, down 1.3 percentage points.

The price increases expanded: the gas production and supply industry increased by 22.0%, an increase of 1.3 percentage points; the agricultural and sideline food processing industry increased by 3.7%, an increase of 1.1 percentage points; the electricity and heat production and supply industry increased by 9.7%, an increase of 0.4 percentage points.

Prices for the smelting and rolling process of ferrous metals fell 1.3%, the first year-on-year decline since September 2020.

　　According to estimates, in the 6.4% year-on-year increase in May, the impact of last year's price changes was about 4.1 percentage points, and the impact of new price increases was about 2.3 percentage points.

(Finish)