The price fluctuation of commodities caused the growth rate, and the PPI in August rose 2.3%year -on -year |

Text/Zhang Zhi

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 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.

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%.

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.

Edit: Xu Yunqian

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