Chinanews.com, June 6 According to the website of the National Bureau of Statistics, the National Bureau of Statistics released the national CPI (Consumer Price Index) and PPI (Industrial Producer Price Index) data for May 9 on the 9th. In this regard, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, said that the CPI was generally stable in May, and the PPI continued to decline.

CPI was generally stable

In May, consumer demand continued to recover, the market was generally stable, and the CPI fell month-on-month, with a slight year-on-year increase.

From a month-on-month perspective, the CPI fell by 0.2%, an increase of 0.1 percentage points over the previous month. Among them, affected by seasonal factors, food prices fell by 0.7%, a decrease of 0.3 percentage points from the previous month, affecting the CPI by about 0.12 percentage points. In food, due to sufficient market supply, the prices of shrimp and crabs, fresh vegetables, pork, eggs and fresh fruits fell by 3.5%, 3.4%, 2.0%, 1.6% and 0.3% respectively, which collectively affected the CPI by about 0.13 percentage points, accounting for more than 0% of the total decrease in CPI. Non-food prices turned from 1.0% increase in the previous month to a decline of 1.0%, affecting the CPI by about 05.7 percentage points. Among non-food items, travel demand fell after the holiday, and the prices of air tickets and transportation rental fees both fell by 2.0%; Concerts and other performance activities increased, and the price of movies and performance tickets rose by 8.0%; Summer clothing was renewed, and clothing prices rose 4.<>%.

From a year-on-year perspective, the CPI rose 0.2%, an increase of 0.1 percentage points over the previous month. Among them, food prices rose by 1.0%, an increase of 0.6 percentage points over the previous month, affecting the CPI by about 0.19 percentage points. Among the food products, the prices of poultry meat, edible oil and fresh fruit rose by 5.6%, 3.6% and 3.4% respectively, and the increase rate declined. Pork prices fell by 4.0% from a 3.2% increase in the previous month. The price of fresh vegetables fell by 1.7%, a decrease of 11.8 percentage points from the previous month; the price of grain and aquatic products was basically stable. Non-food prices were flat from a 0.1% increase in the previous month. Among non-food items, service prices rose by 0.9%, down 0.1 percentage points from the previous month, of which the prices of air tickets, travel and transportation rental fees rose by 14.7%, 8.0% and 5.1% respectively. The price of industrial consumer goods fell by 1.7%, an increase of 0.2 percentage points, of which the prices of gasoline, fuel cars and new energy cars fell by 11.3%, 5.1% and 3.3% respectively.

It is estimated that in the 5.0% year-on-year increase in CPI in May, the tail impact of last year's price changes was about 2.0 percentage points, compared with 5.0 percentage points last month; the impact of new price increases was about -3.0 percentage points, compared with -3.0 percentage points last month. Core CPI, which excludes food and energy prices, rose 2.0 percent year-on-year, down 6.0 percentage points from the previous month.

PPI continues to decline

In May, international commodity prices fell overall, domestic and foreign industrial product market demand was generally weak, coupled with a high comparison base in the same period of the previous year, PPI continued to decline month-on-month and year-on-year.

From a month-on-month perspective, PPI fell by 0.9%, an increase of 0.4 percentage points over the previous month. Among them, the price of means of production fell by 1.2%, an increase of 0.6 percentage points; the price of means of living decreased by 0.2%, a decrease of 0.1 percentage points. The decline in international crude oil and major non-ferrous metal prices has led to a decline in the prices of related domestic industries. Among them, the price of oil and gas extraction industry fell by 2.1%, and the price of chemical raw materials and chemical products manufacturing fell by 2.0%; Non-ferrous metal smelting and rolling industry prices fell by 1.1%. The supply of coal, steel, cement and other industries is generally sufficient, but the demand is weak, and prices have declined, of which the price of coal mining and washing industry fell by 5.2%, the price of ferrous metal smelting and rolling processing industry fell by 4.2%, and the price of non-metallic mineral products fell by 0.9%. Equipment manufacturing prices fell slightly, of which electrical machinery and equipment manufacturing prices fell by 0.5%, computer communications and other electronic equipment manufacturing prices fell by 0.3%, and automobile manufacturing prices fell by 0.2%. In addition, the price of the cultural, educational, industrial, industrial, and recreational goods manufacturing industry rose by 0.5%, and the price of electricity, heat production and supply rose by 0.1%.

From a year-on-year perspective, PPI fell by 4.6%, an increase of 1.0 percentage points over the previous month. Among them, the price of means of production fell by 5.9%, a decrease of 1.2 percentage points; the price of means of living increased by 0.4% in the previous month to a decrease of 0.1%. Of the 40 industrial sectors surveyed, prices fell in 26, up three from the previous month. Among the major industries, the price of oil and gas extraction industry fell by 3.19%, an increase of 1.2 percentage points; the price of ferrous metal smelting and rolling processing industry fell by 8.16%, a decrease of 8.3 percentage points; the price of petroleum, coal and other fuel processing industry fell by 2.15%, a decrease of 1.3 percentage points; the price of coal mining and washing industry fell by 7.13%, a decrease of 1.3 percentage points; and the price of non-ferrous metal smelting and rolling processing industry fell by 8.8%. The decline narrowed by 4.0 percentage points. Automobile manufacturing prices fell by 2.1%. In addition, the price of cultural, educational, industrial, industrial, and recreational goods manufacturing rose by 1.4%, the price of electricity, heat production and supply rose by 5.1%, and the price of textile, clothing and clothing rose by 6.1%.

It is estimated that in the 5.4% year-on-year decline in PPI in May, the tail impact of last year's price changes was about -6.2 percentage points, compared with -8.2 percentage points last month; the impact of new price increases was about -6.1 percentage points, compared with -8.1 percentage points last month.