Chinanews.com, November 11 According to the website of the National Bureau of Statistics, the National Bureau of Statistics today released the national CPI (consumer price index) and PPI (industrial producer price index) data for October 9. In this regard, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interpreted.
The CPI fell slightly
In October, the CPI fell slightly due to factors such as good weather and sufficient supply of agricultural products and a decline in consumer demand after the holiday.
On a month-on-month basis, the CPI fell by 0.1%. Among them, food prices rose by 0.3% from the previous month to a decrease of 0.8%, affecting the CPI to fall by about 0.14 percentage points, which was the main reason for the CPI to change from rising to falling month-on-month. In food, the weather in most parts of the country in October was fine, the supply of agricultural products was generally sufficient, coupled with the post-holiday consumer demand has fallen, and the prices of fresh food have mostly declined, of which the prices of eggs, pork, fresh vegetables and aquatic products fell by 10.4%, 3.2%, 0.1% and 9.1% respectively, all of which fell seasonally, affecting the CPI by about 4.0 percentage points. Non-food prices remained flat from a 13.0% increase in the previous month. Among non-food products, domestic gasoline prices rose by 2.1% due to fluctuations in international oil prices; Travel demand fell after the holiday, with air tickets and travel prices falling by 8.7% and 7.0% respectively.
On a year-on-year basis, the CPI fell by 0.2%, mainly due to a wider decline in food prices. Food prices fell by 4.0 percent, an increase of 0.8 percentage points from the previous month, affecting the CPI to drop by about 0.75 percentage points. Among the foodstuffs, the price of pork fell by 30.1 percent, an increase of 8.1 percentage points, affecting the CPI to drop by about 0.55 percentage points, and the prices of eggs, beef and mutton, fresh vegetables and edible oil also fell more, with a decline of 3.5%-6.4 percent. Fresh fruit prices rose by 0.3% from a 2.2% decline in the previous month. Non-food prices rose by 0.7%, the same increase as the previous month, affecting the CPI to rise by about 0.57 percentage points. Among the non-food items, the prices of industrial consumer goods fell by 0.1%, a decrease of 0.2 percentage points, of which gasoline prices rose by 1.2% from a decrease of 1.8% in the previous month; Service prices rose by 1.2 percent, down 0.1 percentage points, with travel and air ticket prices up 11.0 percent and 5.1 percent, respectively.
It is estimated that in the 10.0% year-on-year decline in CPI in October, the carryover effect was about -2.0 percentage points, the same as the previous month, and the new impact of price changes this year was about 2, down 0.0 percentage points from the previous month. Core CPI, which excludes food and energy prices, rose 2.0% year-on-year, a slight retreat in growth.
The PPI turned from rising to flat month-on-month, and the year-on-year decline expanded slightly
In October, industrial production and business activities maintained expansion, affected by factors such as fluctuations in international crude oil and non-ferrous metal prices and the high base of comparison in the same period last year, the national PPI turned from rising to flat month-on-month, and the year-on-year decline expanded slightly.
On a month-on-month basis, the PPI was flat from a 0.4% increase in the previous month. Among them, the price of means of production rose by 0.1 percent, down 0.4 percentage points from the previous month, and the price of means of subsistence turned from an increase of 0.1 percent in the previous month to a decrease of 0.1 percent. Affected by the fluctuation of international crude oil and non-ferrous metal prices, the prices of oil and gas extraction, petroleum, coal and other fuel processing industries rose by 2.8% and 2.5% respectively, and the growth rate fell by 1.3 and 0.6 percentage points respectively; Prices in the non-ferrous metal smelting and rolling processing industry fell by 1.2% from an increase of 0.2% in the previous month. Coal demand increased and supply was tight, and the price of coal mining and washing industry rose by 3.4%, an increase of 2.3 percentage points. The supply of steel and cement was relatively sufficient, the price of ferrous metal smelting and rolling processing industry decreased by 0.6%, and the price of cement manufacturing decreased by 0.1%. In the equipment manufacturing industry, the price of new energy passenger vehicles rose by 0.1%; Prices in the manufacture of computer, communications and other electronic equipment fell by 0.3 percent. In addition, the prices of electricity and heat production and supply decreased by 0.7 percent, and the prices of agricultural and sideline food processing industries decreased by 0.4 percent.
On a year-on-year basis, PPI fell by 2.6%, an increase of 0.1 percentage points from the previous month. The year-on-year decline widened mainly due to the higher base of comparison in the same period last year. Among them, the price of means of production fell by 3.0%, the same rate as the previous month; The price of means of subsistence fell by 0.9 percent, an increase of 0.6 percentage points. Among the major industries, the price decline widened by the non-metallic mineral products industry, which decreased by 7.6 percent, an increase of 0.6 percentage points, and the ferrous metal smelting and rolling processing industry, which decreased by 5.2 percent, an increase of 0.2 percentage points. The price decline narrowed by 15.4 percent or 0.2 percentage points in the coal mining and washing industry, 6.9 percent or 0.2 percentage points in the manufacturing of chemical raw materials and chemical products, and 3.8 percent or 2.9 percentage points in the petroleum, coal and other fuel processing industries. The prices of non-ferrous metal smelting and rolling processing industries rose by 2.6 percent, down by 0.1 percentage points, while the prices of oil and gas extraction industries rose by 3.3 percent from a decline of 1.7 percent in the previous month. In addition, the price of new energy passenger vehicles fell by 4.6%, and the price of computer communication and other electronic equipment manufacturing decreased by 2.9%.
According to estimates, in the 10.2% year-on-year decline in PPI in October, the carryover effect was about -6.0 percentage points, compared with -4.0 percentage points last month, and the new impact of price changes this year was about -2.2 percentage points, compared with -2.2 percentage points last month.