CPI, PPI announced!Interpretation

On the 9th, the National Bureau of Statistics released data from the National CPI (residential consumer price index) and PPI (industrial producer factory price index) data in June 2022. In this regard, Dong Lijuan, senior statistician of the National Bureau of Statistics, interpreted.

The CPI is flat month -on -month, and the year -on -year increase has expanded

In June, the overall situation of the prevention and control of the epidemic in my country is stable, the supply of important people's livelihood goods is sufficient, and the consumer price operation is generally stable.

From a month -on -month perspective, the CPI decreased from 0.2%last month to flat. Among them, food prices fell by 1.6%, a decrease of 0.3 percentage points from the previous month, affecting the decrease of CPI by about 0.30 percentage points. In the food, due to factors such as increasing supply, improvement of logistics, and decreased stock demand, the prices of fresh vegetables, eggs, fresh fruits and aquatic products decreased by 9.2%, 5.0%, 4.5%, and 1.6%respectively. The epidemic stabilizing consumption demand has increased. The price of pork continued to rise, an increase of 2.9%, a 2.3 percentage point from the previous month. Non -food prices rose 0.4%, an increase of 0.3 percentage points from the previous month, affecting the CPI rose by about 0.32 percentage points. In non -food, due to the rise in international oil prices, domestic gasoline and diesel prices rose 6.7%and 7.2%, respectively, and the increase expanded by 6.1 and 6.6 percentage points from the previous month. And 1.2%, the increase expanded by 15.0 and 0.8 percentage points from the previous month, and the hotel accommodation price decreased from 0.7%last month to 0.3%.

From a year -on -year perspective, CPI rose 2.5%, an increase of 0.4 percentage points from the previous month, mainly due to the lower base of last year. Among them, food prices rose 2.9%, an increase of 0.6 percentage points from the previous month, affecting the CPI rose by about 0.51 percentage points. In food, the price of food, edible vegetable oil, eggs and fresh vegetables rose between 3.2%-6.6%, the price of fresh fruit rose 19.0%, and the price of pork decreased by 6.0%. Non -food prices rose 2.5%, an increase of 0.4 percentage points from last month, affecting the CPI rose by about 2.01 percentage points. Among non -food, the prices of gasoline and diesel rose by 33.4%and 36.3%, respectively, and the price of air tickets rose 28.1%, and the increases were expanded; the prices of educational services and medical services rose by 2.5%and 0.9%, respectively, the same as last month.

According to estimates, in the year -on -year increase of 2.5%of the 2.5%CPI in June, the impact of the price change last year was about 1.2 percentage points, and the new price increase was about 1.3 percentage points. The core CPI of food and energy prices rose 1.0%year -on -year, an increase of 0.1 percentage points from the previous month.

PPI is flat month -on -month, and the year -on -year increase continues to fall

In June, the re -production and re -production continued to advance, and the supply chain of the key industrial chain was gradually unblocked and stable, and the effect of maintaining the policy of stabilizing the price continued to appear. Industrial producers' ex -factory prices rose from the previous month to flat, and the year -on -year increase continued to fall.

From a month -on -month perspective, PPI rose from 0.1%last month to flat. Among them, the price of production materials rose from 0.1%to 0.1%; the price of living materials rose 0.3%, the same as last month. The changes in international crude oil prices have driven rising prices in related industries in China. Among them, the price of oil and natural gas mining industry rose 7.0%, prices of oil and coal and other fuel processing industries rose 3.6%, and chemical fiber manufacturing prices rose 2.2%. The demand for coal preparation for "welcoming the peak" has increased, and the price of coal mining and washing industry has increased by 0.8%. Affected by factors such as slow investment growth, the demand for steel and cement industries is relatively weak. Black metal smelting and pressure -delay industrial prices decreased by 3.1%, and the price of non -metal mineral products fell by 1.5%. In addition, the price of agricultural and sideline food processing industry rose 1.0%, the price of textiles and clothing industry rose 0.6%, and the prices of electrical machinery and equipment manufacturing rose 0.5%; non -ferrous metal smelting and pressure -delay industrial prices decreased by 2.1%.

From a year -on -year perspective, PPI rose 6.1%, and the increase fell 0.3 percentage points from the previous month. It was mainly the impact of the base of the base last year. Since this year, it has fallen for 6 consecutive months. Among them, the price of production materials rose 7.5%, and the increase fell by 0.6 percentage points; the price of living materials rose 1.7%, an increase of 0.5 percentage points. Of the 40 industrial industries surveyed, 37 were rising prices, which was the same as last month. Among the major industries, the increase in prices has expanded: the oil and natural gas mining industry rose 54.4%to expand 6.6 percentage points; the agricultural and sideline food processing industry rose 5.6%to expand 1.9 percentage points; 0.7 percentage points. The price increases fell: the coal mining and washing industry rose by 31.4%, falling 5.8 percentage points; the non -ferrous metal smelting and pressure -delay industry rose by 8.2%, falling 2.2 percentage points; Essence The price of black metal smelting and extension of the industrial price decreased by 3.7%, a decrease of 2.4 percentage points from the previous month. According to estimates, in the year -on -year increase of PPIs of 6.1%in June, the impact of the tail tail of the price change last year was about 3.8 percentage points, and the new price increase was about 2.3 percentage points.

- END -