China News Service, September 9. According to the National Bureau of Statistics website on the 9th, the National Bureau of Statistics released the national CPI (Consumer Price Index) and PPI (Industrial Producer Price Index) data for August 2022.
In this regard, Dong Lijuan, chief statistician of the City Department of the National Bureau of Statistics, interpreted it.
1. The month-on-month CPI has changed from rising to falling, and the year-on-year growth rate has dropped slightly
In August, all regions and departments conscientiously implemented the decisions and arrangements of the Party Central Committee and the State Council, worked hard to overcome the impact of the epidemic and extreme weather, and actively ensured supply and stable prices. The consumer market was running smoothly on the whole.
From a month-on-month perspective, the CPI has changed from an increase of 0.5% in the previous month to a decrease of 0.1%.
Among them, food prices rose by 0.5%, a decrease of 2.5 percentage points from the previous month, affecting the CPI increase of about 0.10 percentage points.
In food, the slaughtering of live pigs gradually returned to normal, coupled with the seasonal weakening of consumer demand, pork prices rose by 0.4%, a decrease of 25.2 percentage points from the previous month; the market volume of vegetables in the north increased in August, but the high temperature and dry weather in the south in the mid-to-late period affected vegetable production. Supply, the national fresh vegetable prices first fell and then rose, with an average monthly increase of 2.0% over the previous month, which was lower than the historical average for the same period; the prices of eggs and fresh fruits showed seasonal changes, up 3.5% and down 1.0% respectively; The prices of other foods such as edible vegetable oil and aquatic products did not change much.
The price of non-food items fell by 0.3%, an increase of 0.2 percentage points from the previous month, and the CPI dropped by about 0.22 percentage points.
Among non-food items, the prices of industrial consumer goods fell by 0.7%, an increase of 0.2 percentage points from the previous month. In particular, due to the decline in international oil prices, domestic gasoline and diesel prices fell by 4.8% and 5.2% respectively, which together affected the CPI drop by about 0.20 percentage points; services Prices changed from an increase of 0.3% in the previous month to flat. Due to the impact of the epidemic, the prices of air tickets and transportation rental fees fell by 7.5% and 1.0% respectively.
On a year-on-year basis, the CPI rose by 2.5%, a decrease of 0.2 percentage points from the previous month.
Among them, food prices rose by 6.1%, a decrease of 0.2 percentage points from the previous month, affecting the CPI rise of about 1.09 percentage points.
Among food products, pork prices rose by 22.4%, an increase of 2.2 percentage points from the previous month, mainly due to the lower base in the same period last year; driven by the rise in pork prices, chicken and duck meat prices rose by 6.6% and 12.7%, respectively, an increase over the previous month. The prices of fresh fruit and fresh vegetables increased by 16.3% and 6.0% respectively, and the growth rate both dropped from the previous month; the prices of edible vegetable oil and grains increased by 7.9% and 3.3% respectively.
Non-food prices rose by 1.7%, a decrease of 0.2 percentage points from the previous month, affecting the CPI rise of about 1.38 percentage points.
Among non-food items, the prices of industrial consumer goods increased by 3.0%, and the increase was 0.5 percentage points lower than that of the previous month. Among them, the prices of gasoline, diesel and liquefied petroleum gas rose by 20.2%, 21.9% and 19.8%, respectively, with the increase all falling back; the price of services increased by 0.7%. , the increase was the same as last month.
According to estimates, among the 2.5% year-on-year increase in the CPI in August, the impact of last year's price changes was about 0.8 percentage points, and the impact of new price increases was about 1.7 percentage points.
The core CPI, which excludes food and energy prices, rose 0.8% year-on-year, the same increase as the previous month.
2. The month-on-month decrease in PPI narrowed slightly, and the year-on-year increase continued to fall
In August, affected by various factors such as the transmission of international crude oil, non-ferrous metals and other bulk commodity prices, and the weak market demand in some domestic industries, the overall price trend of industrial products declined.
The month-on-month decline of the national PPI narrowed slightly, and the year-on-year increase continued to fall.
From a month-on-month perspective, the PPI decreased by 1.2%, a decrease of 0.1 percentage points from the previous month.
Among them, the price of means of production fell by 1.6%, affecting the PPI by about 1.18 percentage points; the price of living materials fell by 0.1%, affecting the PPI by about 0.03 percentage points.
Among the major industries, the price of oil and natural gas mining industry fell by 7.3%, the price of petroleum coal and other fuel processing industry fell by 4.8%, and the price of coal mining and washing industry fell by 4.3%, and the decline rate increased; Industry demand improved slightly. The price of ferrous metal smelting and rolling processing industry fell by 4.1%, the price of non-ferrous metal smelting and rolling processing industry fell by 2.0%, and the price of non-metallic mineral products industry fell by 1.0%, and the decline rate narrowed; As a result, the demand for electricity increased, and the price of electricity and heat production and supply industry changed from a decrease of 1.1% to an increase of 0.3%.
On a year-on-year basis, the PPI increased by 2.3%, a decrease of 1.9 percentage points from the previous month.
Among them, the price of means of production rose by 2.4%, affecting the increase of PPI by about 1.87 percentage points, which was the main driving force for the rise of PPI; the price of living materials rose by 1.6%, affecting the increase of PPI by about 0.38 percentage points.
Among the major upstream industries, coal mining and washing, oil and natural gas mining, petroleum, coal and other fuel processing, chemical raw materials and chemical product manufacturing saw price increases fall, ferrous metal smelting and rolling processing industry prices fell more, non-ferrous metals The price of smelting and rolling processing industry has changed from rising to falling, which has partially eased the cost pressure of mid-stream and downstream enterprises.
The year-on-year decrease in PPI growth was not only affected by the higher comparison base in the same period of the previous year, but also mainly affected by three factors: first, the price fluctuations of international crude oil, non-ferrous metals and other bulk commodities decreased, and the transmission pressure of domestic imported prices was alleviated; The effect of increasing production and ensuring supply in coal and other industries continued to show, and the market supply guarantee was strong; third, due to multiple factors, the demand for steel and other industries was weak.
According to estimates, in the 2.3% year-on-year increase in PPI in August, the impact of last year's price changes was about 2.5 percentage points, and the impact of new price increases was about -0.2 percentage points.
(Zhongxin Finance)
search
copy