China News Service, September 9th, 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 August 2021.

In this regard, Dong Lijuan, senior statistician of the City Department of the National Bureau of Statistics, explained that the CPI was generally stable in August 2021, and the PPI increased.

(Data Map) Photo by Sun Rui

CPI is generally stable

　　In August, all regions and departments continued to do a good job in ensuring supply and stabilizing prices. The consumer market was generally adequately supplied with prices operating steadily.

　　From a month-on-month perspective, the CPI rose by 0.1%, a decrease of 0.2 percentage points from the previous month.

Among them, food prices changed from a 0.4% drop last month to a 0.8% increase, which affected the CPI increase by about 0.14 percentage points.

In food, affected by the spread of epidemics in many places, heavy rainfall and high temperature weather, the prices of fresh vegetables and eggs increased by 8.6% and 8.4% respectively, an increase of 7.3 and 7.4 percentage points respectively from the previous month; the supply of pork continued to increase, and the price continued to fall by 1.4 %, the decline narrowed by 0.5 percentage points from the previous month; a large number of aquatic products were launched, and the prices of freshwater fish, shrimps and crabs fell by 3.3% and 4.0% respectively.

The price of non-food items changed from a 0.5% increase last month to a decrease of 0.1%, which affected the CPI drop by about 0.05 percentage points.

Among non-food products, the price of industrial consumer goods changed from a 0.4% increase in the previous month to a decrease of 0.2%, mainly due to the decline in international crude oil prices. The prices of gasoline and diesel changed from rising to falling; the prices of services changed from a 0.6% increase in the previous month to the same level. Mainly affected by the epidemic, the consumption of travel services such as air tickets, tourism and hotel accommodation has been suppressed, and prices have changed from rising to falling.

　　From a year-on-year perspective, the CPI rose by 0.8%, a decrease of 0.2 percentage points from the previous month.

Among them, food prices fell by 4.1%, an increase of 0.4 percentage points from the previous month, which affected the decrease of CPI by about 0.77 percentage points.

In food, the price of pork fell by 44.9%, an increase of 1.4 percentage points from the previous month; the price of freshwater fish rose by 25.4%, a decline of 5.5 percentage points; the prices of eggs and edible vegetable oil rose by 15.9% and 9.4%, respectively, and the growth rates both fell.

Non-food prices rose by 1.9%, 0.2 percentage points lower than the increase in the previous month, affecting the increase in CPI by about 1.58 percentage points.

Among non-food products, the price of industrial consumer goods rose by 2.5%, and the growth rate dropped by 0.3%. Among them, the prices of gasoline and diesel rose by 22.7% and 25.2%, respectively, both of which fell; the price of services rose by 1.5%, and the growth rate fell by 0.1%. The prices of hotel and hotel accommodation rose by 31.6% and 2.8%, respectively, and the growth rates both fell.

　　According to estimates, of the 0.8% year-on-year increase in August, the carry-over impact of last year's price changes was about 0.2 percentage points, a decrease of 0.3 percentage points from the previous month; the impact of the new price increase was about 0.6 percentage points, an increase of 0.1 percentage points from the previous month percentage point.

The core CPI, excluding food and energy prices, rose 1.2% year-on-year, and the increase was 0.1 percentage point lower than the previous month.

PPI gains expanded

　　In August, affected by the increase in the prices of coal, chemical and steel products, the price increase of industrial products both increased month-on-month and year-on-year.

　　From a month-on-month perspective, PPI rose by 0.7%, an increase of 0.2 percentage points from the previous month.

Among them, the price of means of production rose by 0.9%, an increase of 0.3%; the price of means of subsistence remained flat.

From the perspective of major industries, due to the strong demand and the overall tight supply, the price of coal mining and washing industry rose by 6.5%; the price of crude oil and coal in the early period rose more, which promoted the price of domestic middle and downstream industries to continue to rise, including chemical raw materials and chemical Product manufacturing prices increased by 1.9%, an increase of 1.1 percentage points; driven by the recent rapid increase in imported natural gas prices, domestic gas production and supply prices rose by 1.7%, an increase of 1.5 percentage points; ferrous metal smelting and rolling processing industry, non-ferrous metals The prices of smelting and rolling processing industries both turned from falling to rising, rising by 2.2% and 1.4% respectively.

　　From a year-on-year perspective, the PPI rose by 9.5%, an increase of 0.5 percentage points from the previous month.

Among them, the price of means of production rose by 12.7%, an increase of 0.7%; the price of means of subsistence rose by 0.3%, the same as the previous month.

Among the main industries, coal mining and processing, ferrous metal mining and dressing, petroleum and natural gas extraction, petroleum, coal and other fuel processing industries, ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry, chemical raw materials And the price increase of chemical products manufacturing industry and chemical fiber manufacturing industry is between 21.8% and 57.1%, which affects the PPI increase by about 7.9%, which is more than 80% of the total increase.

Among them, the price increase of coal mining and washing industry, chemical raw material and chemical product manufacturing, ferrous metal smelting and rolling processing industry increased by 11.4, 2.7 and 1.1 percentage points respectively, which was the main reason for the increase in the year-on-year increase.

　　According to estimates, of the 9.5% year-on-year increase in August, the carry-over impact of price changes last year was about 1.8 percentage points, down 0.3 percentage points from the previous month; the impact of the new price increase was about 7.7 percentage points, an increase of 0.8 percentage points.