Xinhua Full Media + 丨 Price runs in a reasonable range -Interpretation of CPI and PPI data in July

Xinhua News Agency, Beijing, August 10th.

Xinhua News Agency reporter Wei Yukun

The National Bureau of Statistics released data on the 10th. In July, the National Residents' Consumption Price Index (CPI) changed from flat to 0.5%from the previous month to 0.5%; Reasonable interval.

"In July, affected by the rise in food prices such as pork and fresh vegetables and seasonal factors, the CPI rose from the previous month and increased from a flat year -on -year increase. The year -on -year increase expanded slightly."

Guo Liyan, director of the Comprehensive Situation Research Office of the China Macro Economic Research Institute, analyzed that in July, the pig market supply was reduced in the stack of some breeding households. The heavy rainfall weather in some areas affects the circulation of transportation, and the price of fresh vegetables has decreased from 9.2%to 10.3%from the previous month, which is the main factor affecting CPI in July.

Statistics show that in July, the prices of grain, poultry, eggs, and edible vegetable oil rose between 3.4%and 7.4%year -on -year, and the prices were relatively stable; affected by international oil prices, the prices of gasoline, diesel and liquefied petroleum gas rose 24.6 year -on -year respectively. %, 26.7%and 22.4%, the increase has fallen. The core CPI of food and energy prices rose 0.8%year -on -year, and the increase fell 0.2 percentage points from the previous month.

"In recent months, although my country's CPI increase has been upward, it still runs in a reasonable range, which is in sharp contrast to the international high inflation." Guo Liyan said.

Fu Linghui, a spokesman for the National Bureau of Statistics, previously said that my country's CPI increase was significantly lower than that of European and American countries, mainly because my country did not adopt a strong stimulus policy of "large water irrigation". Market guarantee stability. In addition, strengthening food production, this year's summer grain has achieved a harvest, which is conducive to the overall stability of the CPI.

"Looking forward to this year, domestic prices are generally expected to continue to run in a reasonable range, which can achieve the expected goal of about 3%of the year." Guo Liyan said.

Liu Han, deputy director of the Department of Market and Information Technology of the Ministry of Agriculture and Rural Ministry, said that from the perspective of production, summer grains have been harvested again, soybean oil expansion tasks are landed, meat egg milk production is stable, vegetables in the field and output have increased The foundation of confession is firm. From the perspective of inventory, the inventory of rice and wheat society is at a high level of history, which can meet the consumption demand for more than a year, and the increase in corn inventory has also increased. From the perspective of consumption, the consumption of important agricultural products such as vegetable oil, sugar, animal products, and aquatic products will be restored, but the overall remains stable, and the price is limited.

In July, the price of industrial products was declining as a whole, and the national industrial producer's factory price index (PPI) turned from a flat -month -old turn, and the year -on -year increase continued to fall. PPI changed from flat to a decrease of 1.3%from the previous month; a year -on -year increase of 4.2%, an increase of 1.9 percentage points from the previous month, and fell for 9 consecutive months.

"Affected by the tightening of the liquidity of major economies and the improvement of supply and demand relationships, the prices of commodities such as international crude oil, iron ore, copper, aluminum and other commodities have fallen to varying degrees in the near future, driving domestic steel, copper, aluminum, chemical and other industrial products prices Fall. "Guo Liyan said.

According to statistics, in July, among the 40 industrial industries surveyed in July, the price increased by 35 year -on -year, which was 2 lower than last month. Among them, the coal mining and washing industry rose by 20.7%, falling by 10.7 percentage points; the oil and gas mining industry rose 43.9%, falling at 10.5 percentage points; non -ferrous metal smelting and voltage processing industry rose 1.9%, falling 6.3 percentage points.

"Considering that the price of international commodities generally falls, the effectiveness of the domestic commodity insurance supply and the effectiveness of stable prices continues to appear, and the significant narrow tail tails will be affected. The PPI will continue the downward trend, and the increase in PPI in the later period is expected to continue to fall." Guo Liyan said.

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