National Bureau of Statistics: In August 2022, CPI and PPI increased their year -on -year increases

China Economic Net, Beijing, September 9th News The National Bureau of Statistics today released data data and PPI (industrial producers' factory price index) data in August 2022. In response, Dong Lijuan, chief statistician of the National Bureau of Statistics, interpreted.

1. The CPI rose from the previous month, and the year -on -year increase was slightly declined.

In August, various regions and departments conscientiously implemented the decision -making and deployment of the Party Central Committee and the State Council, strived to overcome the impact of epidemic and extreme weather, actively do a good job of stable and stable prices, and the consumer market operation was generally stable.

From a month -on -month perspective, CPI rose from 0.5%last month to 0.1%. Among them, food prices rose 0.5%, an increase of 2.5 percentage points from the previous month, affecting the CPI rose by about 0.10 percentage points. In food, the pig's outpatient column gradually returned to normal, coupled with the weakened seasonal of consumer demand, the price of pork rose 0.4%, the increase of 25.2 percentage points from the previous month; Supply, the prices of fresh vegetables across the country rose first, and the average month increased by 2.0%over the previous month, and the increase was lower than the historical average of the same period. The prices of eggs and fresh fruits were seasonally changed, which rose 3.5%and decreased by 1.0%respectively. Edible vegetable oils, aquatic products and other food prices have not changed much. Non -food prices decreased by 0.3%, a decrease of 0.2 percentage points from the previous month, affecting the decrease of CPI by about 0.22 percentage points. Among non -food, the price of industrial consumer goods decreased by 0.7%, a decrease of 0.2 percentage points from the previous month. Among them, affected by the decline in international oil prices, domestic gasoline and diesel prices fell by 4.8%and 5.2%, respectively. The price rose from 0.3%last month to the flat. Affected by the epidemic, the prices of aircraft tickets and transportation leased fees decreased by 7.5%and 1.0%, respectively.

From a year -on -year perspective, CPI rose 2.5%, an increase of 0.2 percentage points from last month. Among them, food prices rose 6.1%, an increase of 0.2 percentage points from the previous month, affecting the CPI rose by about 1.09 percentage points. In food, the price of pork rose 22.4%, and the increase expanded by 2.2 percentage points from the previous month, mainly due to the lower base of the same period last year. Driven by the rise in pork prices, the prices of chickens and duck meat rose 6.6%and 12.7%, respectively. The increase than last month than last month. Both the prices of fresh fruits and fresh vegetables rose by 16.3%and 6.0%, respectively, and the increase was decreased compared to the previous month; the price of edible vegetable oil and grain rose by 7.9%and 3.3%, respectively. Non -food prices rose by 1.7%, an increase of 0.2 percentage points from last month, affecting the CPI rose by about 1.38 percentage points. Among non -food, the prices of industrial consumer goods rose 3.0%, the increase of 0.5 percentage points from the previous month, of which the prices of gasoline, diesel and liquefied petroleum gas rose by 20.2%, 21.9%, and 19.8%, respectively, and the increase of the increase; the price of service prices rose 0.7%by 0.7%. The increase is the same as last month.

According to estimates, in August, 2.5%of the CPI increased year -on -year, the tail impact of the price change last year was about 0.8 percentage points, and the new price increase was about 1.7 percentage points. The core CPI of food and energy prices rose 0.8%year -on -year, the same as last month.

2. PPI declines slightly from the previous month, and the year -on -year increase continues to fall

In August, affected by various factors such as international crude oil, non -ferrous metals such as the price fluctuation transmission of commodities such as commodities, and the weak market demand in the domestic industry, the price trend of industrial products declined as a whole. The National PPI declined slightly from the previous month, and the year -on -year increase continued to fall.

From a month -on -month perspective, PPI decreased by 1.2%, a narrowing of 0.1 percentage points from last month. Among them, the price of production materials decreased by 1.6%, affecting the decrease of PPI by about 1.18 percentage points; the price of living data decreased by 0.1%, which affected PPI by about 0.03 percentage points. In major industries, the price of oil and natural gas mining industry decreased by 7.3%, the prices of oil coal and other fuel processing industries fell by 4.8%, and the prices of coal mining and washing industries decreased by 4.3%, which was expanded. Industry demand has been slightly improved. The price of black metal smelting and pressure -delay industrial prices decreased by 4.1%, the price of non -ferrous metal smelting and pressure -delayed industrial prices decreased by 2.0%, and the price of non -metal mineral products fell by 1.0%, which narrowed. Influence, the demand for power increases, and the price of power thermal production and supply industry has decreased from 1.1%to 0.3%.

From a year -on -year perspective, PPI rose 2.3%, an increase of 1.9 percentage points from the previous month. Among them, the price of production materials rose by 2.4%, affecting the increase of PPI by about 1.87 percentage points, which is the main driving force for PPI to rise; the price of living data rose by 1.6%, affecting the PPI rising by about 0.38 percentage points. Among the major industries in the upstream, the prices of coal mining and washing and selection, oil and natural gas mining, petroleum coal and other fuel processing industries, chemical raw materials and chemical products manufacturing have fallen, black metal smelting and extension industrial prices have expanded. The price of smelting and pressure -delayed industrial rising from rising, partially alleviated the cost pressure of middle and lower reaches. In addition to the year -on -year increase in PPI, in addition to the impact of the comparison base of the same period last year, it is also mainly affected by three factors: First, the price of commodities such as international crude oil, non -ferrous metals, etc. The effect of increasing production in coal and other industries has continued to appear, and the market supply guarantee is strong. Third, due to multiple factors, the demand for steel and other industries is weak. According to estimates, in August, 2.3%of the PPI increased year-on-year, the tail-tail impact of the price change last year was about 2.5 percentage points, and the new price increase was about -0.2 percentage points.

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