2.5%!In the past two years, CPI has reached a new high in the past two years. The reason is ...

In June, CPI (residential consumer price index) data was newly high during the year.

On July 9, the National Bureau of Statistics released news that in June 2022, consumer prices across the country rose 2.5%year -on -year.

Among them, food prices rose 2.9%, non -food prices rose 2.5%; consumer goods prices rose 3.5%, and service prices rose 1.0%. From January to June, the consumption prices across the country rose 1.7%over the same period last year.

In addition, the data also shows that in June, consumer prices across the country were flat.

"Daily Economic News" reporter noticed that in June, CPI rose to the highest level in the year, and it was also a new high since August 2020. In this regard, Dong Lijuan, a senior statistician of the National Bureau of Statistics, explained that from the year -on -year, the CPI increase expanded by 0.4 percentage points from the previous month, mainly due to the lower base last year.

In June, CPI rose by 2.5%year -on -year, and the increase in the new high picture source since August 2020: National Bureau of Statistics

CPI's year -on -year increase is mainly related to tail -tailed factors

From the June CPI data released this time, the year -on -year increase has been significantly higher compared to the previous period, and it has reached a new high since August 2020.

However, relevant experts told the reporter of "Daily Economic News" that CPI's year -on -year increase is mainly related to the front -end factor.

Yin Yin, a macro analyst of Hongta Securities, was analyzed in writing in writing in writing "Daily Economic News" reporters. If only year -on -year, the pressure of CPI in June seemed to appear, but it was more based on the CPI. The influence of factors. In May, the CPI tail factor was 0.8 percentage points, and the impact of the tail tail in June was about 1.2 percentage points. In other words, 0.4 percentage points were up to the tail factor, which is the main driving force for CPI to increase year -on -year.

The changes in tail -tailed factor are related to the price of last year, which is very obvious in the price of pork. From January to September 2021, the price of pork fell sharply. Under the decline of the base, the recent year-on-year rising rate of pork also accelerated significantly. In May, pork pork was -21.1%year-on-year. The change of change has become an important driving force for the recovery of CPI this month.

Dong Lijuan also emphasized that from a year -on -year perspective, CPI rose 2.5%, an increase of 0.4 percentage points from last month, mainly due to the lower base of last year.

Since October 2021, PPI has risen continuously from year -on -year increase in picture Source: National Bureau of Statistics

PPI has continued to decline year -on -year increase this year

In terms of PPI, in June, it rose 6.1%year -on -year, and continued to show a decline.

According to data analysis, Dong Lijuan said that from the year -on -year perspective, the increase in PPI in June fell 0.3 percentage points from the previous month, mainly due to 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.

Zhao Wei, the chief economist of Guojin Securities, analyzed in writing in writing in a written interview with the "Daily Economic News" reporter. From the data point of view, international crude oil price increases drive the price increase of related industries. Differentiated. From the perspective of the industry, oil mining, oil processing, and chemical manufacturing have increased from the previous month; while black ore mining, non -ferrite mining and metal products are rising from the previous month.

Reporter | Li Keyu

Edit | Wang Yuelong Chen Xu Gai Yuanyuan

School pair | Duan Lian

Cover picture source: Photo Network 500176917

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