Home >

In July 2020, The Year-On-Year Increase Of CPI Slightly Expanded And The Year-On-Year Decline Of PPI Continued To Narrow

2020/8/10 13:08:00 0

CPIYear-On-YearIncreasePPIYear-On-YearDeclineContinue

In July 2020, the year-on-year increase of CPI slightly expanded and the year-on-year decline of PPI continued to narrow

- Dong Lijuan, Senior Statistician of the city Department of National Bureau of statistics, interprets CPI and PPI data in July 2020

The National Bureau of statistics released today the national CPI (consumer price index) and PPI (Industrial producer price index) data for July 2020. In this regard, Dong Lijuan, Senior Statistician of the city Department of the National Bureau of statistics, made an interpretation.

1. CPI rose from decline on a month on month basis, with a slight increase in year-on-year growth

In July, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core, all regions and departments made overall plans to do a good job in epidemic prevention and control, rescue and relief, and economic and social development, actively implemented the policy of ensuring supply and price stability, and the market operation was generally orderly. From the month on month, CPI fell 0.1% to rise 0.6%. Among them, food prices rose by 2.8%, 2.6 percentage points higher than that of the previous month, affecting the CPI rise of about 0.62%. In food, with the gradual recovery of catering services, pork consumption demand continued to increase. However, floods in many places had a certain impact on pig transportation. The supply was still tight. Pork prices increased by 10.3%, 6.7 percentage points higher than that of the previous month. Affected by adverse weather, fresh vegetable prices increased by 6.3% and 3.5% respectively. Due to the decrease of laying hens, the summer egg production rate increased The price of eggs rose by 4.0% after 9 consecutive months of decline, and the price of fresh fruits continued to drop by 4.4%, 3.2 percentage points lower than that of last month. Non food prices were flat from a 0.1% drop last month. Among non food products, affected by the fluctuation of international crude oil prices, gasoline and diesel prices rose by 2.5% and 2.7% respectively; summer travel increased, and air tickets and hotel accommodation prices increased by 2.9% and 1.7% respectively; summer clothing discounts increased, and clothing prices decreased by 0.5%.

On a year-on-year basis, CPI rose by 2.7%, an increase of 0.2 percentage points over the previous month. Among them, the food price rose by 13.2%, and the increase was expanded by 2.1 percentage points, which affected the rise of CPI by about 2.68 percentage points. Among the food products, the price of pork increased by 85.7%, 4.1 percentage points higher than that of the previous month; the price of fresh vegetables increased by 7.9%, with an increase of 3.7 percentage points; the price of aquatic products increased by 4.7%, with a decrease of 0.1 percentage points; the price of eggs decreased by 16.6%, with a decrease of 0.8%; the price of fresh fruits decreased by 27.7%, with a decrease of 1.3%. Non food prices were flat from a 0.3% rise last month. Among non food products, the price of health care increased by 1.6%, the price of transportation and communication decreased by 4.4%, of which the price of gasoline and diesel decreased by 15.7% and 17.5% respectively.

Excluding food and energy prices, the core CPI rose 0.5% year-on-year, down 0.4% from the previous month. It is estimated that among the 2.7% year-on-year increase in July, the tail effect of last year's price change was about 2.9%, and the impact of new price increase was about - 0.2%.

Second, PPI rose steadily on a month on month basis, with a narrower year-on-year decline

In July, industrial production continued to pick up, market demand gradually recovered, and international commodity prices continued to rise. On a month on month basis, PPI rose 0.4%, the same increase as last month. Among them, the prices of means of production rose by 0.5% and the prices of means of living rose by 0.1%, both of which were the same as those of the previous month. According to the survey of 40 industrial sectors, there were 21 cases of price increase, 1 decrease compared with the previous month; 15 cases decreased, 3 increased; 4 cases remained flat, decreased 2. Affected by the continuous rebound of international crude oil prices, the prices of oil related industries continued to rise. Among them, the prices of oil and natural gas extraction industry increased by 12.0%, and the prices of oil, coal and other fuel processing industries increased by 3.4%. Among other major industries, nonferrous metal smelting and calendering industry increased by 3.1% and 1.2% respectively, while agricultural and sideline food processing industry increased by 1.0% and 0.6% respectively. The ferrous metal mining and dressing industry increased by 2.7% and fell by 0.2%, while the ferrous metal smelting and calendering and processing industry increased by 1.1% and decreased by 0.8%. In addition, the prices of coal mining and washing industry and automobile manufacturing industry increased by 0.6% and 0.1% respectively.

On a year-on-year basis, PPI decreased by 2.4%, 0.6 percentage points lower than that of the previous month. Among them, the price of means of living increased by 3.0%, and the price of means of living decreased by 1.0%. The price decline of major industries narrowed. Among them, the prices of oil and natural gas exploitation industry decreased by 27.8% and decreased by 11.3%; the prices of oil, coal and other fuel processing industries decreased by 17.0% and 4.6%; the prices of chemical raw materials and chemical products manufacturing industry decreased by 7.5% and 0.4%; the prices of coal mining and washing industry decreased by 7.4% and 1.9% respectively; and the industrial prices of ferrous metal smelting and calendering were reduced by 1.9% 6% and 0.5% respectively. In addition, the price of nonferrous metal smelting and calendering industry increased by 0.7% from falling.

It is estimated that in the 2.4% year-on-year decline in July, the tail effect of last year's price change was about 0, and the impact of new price rise was about - 2.4 percentage points.

  • Related reading

In The First Seven Months, China'S Textile Export Increased And Clothing Export Decreased

Domestic data
|
2020/8/7 17:42:00
0

Analysis On The Operation Of China'S Textile Industry In The First Half Of 2020: The Revenue Of Textile Enterprises Above Designated Size Will Reach 1926.07 Billion

Domestic data
|
2020/8/7 17:08:00
0

In 2019, The List Of "Top 100 Garment Enterprises" Was Released, And Guangdong Garment Enterprises Ranked First

Domestic data
|
2020/8/7 11:08:00
967

Confidence Falls, Market Rising Power Is Insufficient

Domestic data
|
2020/8/6 19:17:00
2

The Added Value Of Epidemic Prevention Textile Industry Increased By 57.8% In The First Half Of The Year

Domestic data
|
2020/8/6 19:00:00
131
Read the next article

"Elephant" SB Dunk Low Shoes Are Exposed In Real Life, With A Divine Degree Of Restoration

"Elephant" SB Dunk Low shoes are exposed in kind, and the divine restoration degree is about the fashion brand information of the fashion shoes Nike,