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Bureau of Statistics: the increase of CPI and PPI in June was expanded

Jul 15, 2018

Data from the National Bureau of statistics in June 2018, the national consumer price index (CPI) and the industrial producer price index (PPI), showed that the CPI circle fell 0.1%, up 1.9% from the same period, and the PPI ring rose by 0.3%, and a 4.7% increase over the same period. In this regard, the National Statistics Bureau City Division Senior Statistician rope National Day has been interpreted.

1. CPI continues to decline, a slight increase from last year.

From the ring to see, CPI trend is basically stable, the decline narrowed by 0.1 percentage points from last month. Food prices fell by 0.8%, a decrease of 0.5 percentage points from last month, which affected CPI's decline by about 0.16 percentage points. The price of fresh fruit and vegetables dropped by 6.7% and 1.8% respectively, and the total effect of CPI decreased by about 0.16 percentage points, which was the main reason for the decline of CPI. Pork prices fell 3 months after a slight rebound, an increase of 1.1%, affecting CPI rose about 0.02 percentage points. Non food prices rose 0.1%, or the same as last month, affecting CPI's rise of about 0.11 percentage points. Affected by the rise in rent and drug prices, both residential and medical care prices rose by 0.2%, which together affected CPI's rise of about 0.06 percentage points. Travel increased, demand increased, tourism, airline tickets and hotel accommodation prices rose by 1.4%, 0.9% and 0.4%, three total impact of CPI rise by about 0.03 percentage points. Affected by recent domestic oil price adjustment, gasoline and diesel prices rose by 1.8% and 1.9% respectively, which together affected CPI's rise of about 0.04 percentage points.

From the year-on-year look, CPI rose slightly, and continued to rise moderately.  Food prices rose 0.3%, affecting CPI's rise of about 0.05 percentage points.  Among them, the price of eggs and fresh vegetables rose by 17.1% and 9.3% respectively, the total impact of CPI rose by about 0.27 percentage points; beef, mutton and poultry prices rose by 3.1%, 13.1% and 6.7% respectively. The total impact of CPI rose about 0.14 percentage points; the price of pork and fresh fruit dropped by 12.8% and 5.3% respectively, and the total effect of CPI decreased by about 0.42 percentage points. Non food prices rose by 2.2%, affecting CPI's rise of about 1.80 percentage points. Among them, the prices of medical and health care increased by 5%, the prices of education services increased by 2.7%, the prices of communications and communications increased by 2.4%, and the prices of residential classes rose by 2.3%. It is estimated that in the 1.9% year-on-year increase in June, the impact of the price change last year was about 1.5 percentage points, and the impact of the new price increase was about 0.4 percentage points.

Two, PPI rose slightly, or increased year on year.

From the point of view, PPI has fallen slightly. The price of producer goods rose by 0.4%, or 0.1 percentage points lower than that of the previous month. In the major industries, oil and gas mining was up 4.5%, down 3 percentage points from last month, and oil and coal and other fuel processing industries rose by 2.3%, down 1.3 percentage points, and black metal smelting and calendering industries rose 1.1%, 0.2 percentage points back, and paper and paper products 0.. 4%, down 1.1 percentage points; non-metallic mineral products industry rose 0.2%, down 0.4 percentage points. Nonferrous metals smelting and calendering processing industry rose 0.7%, an increase of 0.4 percentage points from last month, and the pharmaceutical manufacturing industry rose 0.4% and expanded 0.3 percentage points.

From the year-on-year look, PPI rose 0.6 percentage points from last month. The prices of means of production rose by 6.1%, or 0.7 percentage points from last month. The price of living goods rose by 0.4% and 0.1 percentage points. In the major industries, the increase of oil and gas mining, oil and coal and other fuel processing industry, black metal smelting and calendering and processing industry, non-ferrous metal smelting and calendering industry, chemical raw materials and chemical products manufacturing, coal mining and washing industry, the increase of about 0.49 per cent increase over the same period of PPI. Points. The price of paper and paper products fell by 11.3%, down 0.5 percentage points from last month, and non-metallic mineral products industry rose by 10.3%, and fell 0.3 percentage points. It is estimated that in the 4.7% year-on-year increase in June, the impact of the price change last year was about 4.1 percentage points, and the impact of the new price increase was about 0.6 percentage points.