Cctv newsThe National Bureau of Statistics today released the national CPI (Consumer Price Index) and PPI (Industrial Producer Ex-factory Price Index) data for May 2021. In this regard, Dong Lijuan, senior statistician of the Urban Department of the National Bureau of Statistics, made an interpretation.
One,CPIThe chain fell and the year-on-year increase.
In May, all localities and departments continued to do a good job in ensuring supply and stabilizing prices, and consumer prices were generally stable.
From the ring comparison, the CPI decreased by 0.2%, and the decline was 0.1 percentage points narrower than that of the previous month. Among them, food prices fell by 1.7%, and the decline narrowed by 0.7 percentage points, which affected the CPI decline by about 0.31 percentage points. In food, the production of live pigs continues to recover, the supply of pork continues to increase, and the price continues to drop by 11.0%; The supply of fresh vegetables and fresh fruits was sufficient, and the prices dropped by 5.6% and 2.7% respectively. Affected by factors such as reduced supply, increased demand and rising feed costs, the price of freshwater fish continued to rise by 9.9%; Affected by factors such as the decline of laying hens’ stock, the increase of feed cost and the decrease of laying rate due to the increase of temperature, the price of eggs increased by 3.3%. Non-food prices rose by 0.2%, the same as last month, affecting CPI by about 0.16 percentage points. Among non-food products, domestic gasoline and diesel prices rose by 1.7% and 1.9% respectively due to the increase in international crude oil prices; Affected by the rising prices of raw materials, the prices of industrial consumer goods such as refrigerators, televisions, desktop computers and housing decoration materials all rose by 0.3%— Between 1.2%; New summer clothes came on the market, and clothing prices rose by 0.3%.
From a year-on-year perspective, CPI rose by 1.3%, an increase of 0.4 percentage points over the previous month, mainly due to the expansion of the hikes of price changes last year. Among them, the price of food changed from 0.7% last month to 0.3%, which affected the CPI increase by about 0.05 percentage points. In food, the price of pork dropped by 23.8%, which was 2.4 percentage points higher than that of last month. The price of freshwater fish rose by 33.7%, an increase of 7.3 percentage points; The prices of eggs and edible vegetable oil increased by 17.6% and 9.2% respectively, and both of them increased. Non-food prices rose by 1.6%, an increase of 0.3 percentage points over the previous month, which affected the CPI increase by about 1.28 percentage points. In non-food, the price of transportation and communication increased by 5.5%, with an increase of 0.6 percentage points, of which the prices of air tickets, gasoline and diesel increased by 32.3%, 22.0% and 24.2% respectively; The prices of education, culture, entertainment and housing increased by 1.5% and 0.7% respectively, and both of them increased.
According to estimates, in the year-on-year increase of 1.3% in May, the hike effect of price changes last year was about 0.7 percentage points, an increase of 0.6 percentage points over the previous month; The impact of the new price increase is about 0.6 percentage points, down 0.2 percentage points from last month. The core CPI excluding food and energy prices rose by 0.9% year-on-year, an increase of 0.2 percentage points over the previous month.
Second,PPIBoth the chain and the year-on-year increase.
In May, the prices of international crude oil, iron ore, nonferrous metals and other commodities rose sharply, domestic demand recovered steadily, and the prices of industrial products in China continued to rise.
From the ring comparison, PPI rose by 1.6%, an increase of 0.7 percentage points over the previous month. Among them, the price of means of production rose by 2.1%, an increase of 0.9 percentage points; The price of means of subsistence rose by 0.1%, the same as last month. The fluctuation of international crude oil prices led to the price increase of domestic oil-related industries, in which the price of oil and natural gas exploration industry rose by 1.7%, with an increase of 1.3 percentage points; The prices of oil, coal and other fuel processing industries turned from falling to rising, rising by 4.4%. Affected by the "welcome the peak summer and increase reserves" of thermal power plants, the demand for thermal coal is relatively strong, driving the price of coal mining and washing industry to rise by 10.6%, with an increase of 7.8 percentage points. Affected by the rising cost of raw materials such as iron ore and coke, the price of ferrous metal smelting and rolling processing industry rose by 6.4%, an increase of 0.8 percentage points. The price of copper, aluminum and other non-ferrous metals in the international market has risen a lot, which has affected the price of domestic non-ferrous metal smelting and rolling processing industry to rise by 4.4%, with an increase of 2.3 percentage points. In addition, the price of electrical machinery and equipment manufacturing industry rose by 1.3%, an increase of 0.4 percentage points.
From a year-on-year perspective, PPI rose by 9.0%, an increase of 2.2 percentage points over the previous month. Among them, the price of means of production rose by 12.0%, an increase of 2.9 percentage points; The price of means of subsistence rose by 0.5%, an increase of 0.2 percentage points. The price increases of major industries have all expanded, among which the price of oil and gas exploration industry has increased by 99.1%, an increase of 13.3 percentage points; The price of ferrous metal smelting and rolling processing industry rose by 38.1%, an increase of 8.1 percentage points; The prices of oil, coal and other fuel processing industries rose by 34.3%, an increase of 10.5 percentage points; The price of nonferrous metal smelting and rolling processing industry rose by 30.4%, an increase of 3.5 percentage points; The price of coal mining and washing industry rose by 29.7%, an increase of 16.4 percentage points; The manufacturing prices of chemical raw materials and chemical products rose by 20.9%, an increase of 3.4 percentage points.
According to estimates, in the year-on-year increase of 9.0% in May, the hike effect of price changes last year was about 3.0 percentage points, an increase of 0.5 percentage points over the previous month; The impact of the new price increase is about 6.0 percentage points, an increase of 1.7 percentage points.