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Bureau of Statistics: CPI in March from up to down year-on-year increase expanded
Release Date:
2019/04/15
According to the website of the National Bureau of Statistics, the National Bureau of Statistics today released the national CPI (Consumer Price Index) and PPI (Industrial Producer Price Index) data for March 2019. In this regard, Dong Yaxiu, director of the City Department of the National Bureau of Statistics, interpreted it. Dong Yaxiu analysis that in March 2019 CPI, PPI operation is generally stable, CPI ring from up to down,
According to the website of the National Bureau of Statistics, the National Bureau of Statistics today released the national CPI (Consumer Price Index) and PPI (Industrial Producer Price Index) data for March 2019. In this regard, Dong Yaxiu, director of the City Department of the National Bureau of Statistics, interpreted it. Dong Yaxiu analysis that in March 2019, CPI, PPI operation is generally stable, CPI month-on-month from up to down, year-on-year increase has expanded; PPI month-on-month from down to up, year-on-year increase slightly expanded.
CPI month-on-month from up to down, year-on-year increase has expanded
On a month-on-month basis, CPI turned down 0.4 per cent from a 1.0 per cent rise last month. Among them, food prices fell by 0.9 from 3.2 per cent last month, affecting CPI by about 0.19 percentage points, while non-food prices fell by 0.2 per cent from 0.4 per cent last month, affecting CPI by about 0.18 percentage points. In food, some fresh food prices fell after the holiday. The prices of eggs, aquatic products, and fresh vegetables fell by 6.0, 3.6, and 2.6, respectively, and the prices of beef, mutton, and chicken fell by 1.8, 1.7, and 1.6, respectively. The above six items together affected the CPI by about 0.21 percentage points; African swine fever The epidemic has slowed down, and pork prices have risen and fell in various places. The national average rose by 1.2, affecting the CPI by about 0.03 percentage points. Among non-food items, the number of travelers decreased, with air tickets, travel agency fees and hotel accommodation prices falling by 15.9 per cent, 11.1 per cent and 1.5 per cent respectively, affecting CPI by about 0.25 percentage points in total. When migrant workers returned to the city and the labor force increased, the prices of vehicle repair and maintenance, domestic service and haircut fell by 5.3 per cent, 4.1 per cent and 3.9 per cent respectively. The price of refined oil was adjusted twice, gasoline and diesel prices rose by 3.6 per cent and 4.0 per cent, respectively, while clothing prices rose by 0.6 per cent.
On a year-on-year basis, CPI rose 2.3 per cent, an increase of 0.8 percentage points over the previous month. Among them, food prices rose by 4.1, affecting CPI by about 0.82 percentage points; non-food prices rose by 1.8, affecting CPI by about 1.46 percentage points. In food, spring is the off-season for vegetables to go on the market. In addition, due to the low temperature and rainy weather in many places, the price of fresh vegetables has risen rapidly, up 16.2 percent year-on-year, affecting CPI to rise by about 0.42 percentage points; pork prices have risen by 5.1 percent, the first time after a year-on-year decline of 25 months, affecting CPI to rise by about 0.12 percentage points. Among non-food items, health care, education, culture and entertainment, and housing prices rose by 2.7, 2.4, and 2.1, respectively, affecting CPI by about 0.94 percentage points. It is estimated that of the 2.3 per cent year-on-year increase in March, the carry-over effect of last year's price changes was about 1.1 percentage points, and the impact of new price increases was about 1.2 percentage points.
PPI month-on-month from decline to rise, year-on-year increase slightly expanded
On a month-on-month basis, PPI turned up 0.1 per cent from a 0.1 per cent decline last month. Among them, the prices of means of production rose by 0.2 per cent from flat last month, while the prices of means of subsistence fell to flat from last month. Among the major industries, the increase was in the oil and gas extraction industry, which rose 5.6 percent, an increase of 0.6 percentage points over the previous month; the oil, coal and other fuel processing industry, which rose 2.3 percent, an increase of 1.4 percentage points; and the ferrous metal smelting and rolling processing industry, which rose 1.1 percent, an increase of 0.8 percentage points. The decline narrowed in the computer, communications and other electronic equipment manufacturing industry, down 0.2 percent, or 0.6 percentage points, while the electrical machinery and equipment manufacturing industry, down 0.1 percent, or 0.3 percentage points. Auto manufacturing prices turned flat from a decline last month. Coal mining and washing industry prices fell by 0.1, the same decline as last month.
On a year-on-year basis, PPI rose 0.4 per cent, an increase of 0.3 percentage points over the previous month. Among them, the price of means of production rose by 0.3 per cent from a decline last month, while the price of means of living rose by 0.5 per cent, an increase of 0.1 percentage points over the previous month. Among the major sectors, oil and gas extraction, up 9.7 per cent, and oil, coal and other fuel processing, up 3.5 per cent. The decline narrowed in the electrical machinery and equipment manufacturing industry, down 1.8 percent, down 0.2 percentage points from the previous month; the ferrous metal smelting and rolling processing industry, down 1.5 percent, down 0.5 percentage points; and the automobile manufacturing industry, down 0.6 percent, narrowed 0.1 percentage points. In addition, prices in the computer, communications and other electronic equipment manufacturing industry rose 0.2 percent, an increase of 0.1 percentage points over the previous month. It is estimated that of the 0.4 per cent year-on-year increase in March, the carry-over impact of last year's price changes was about 0.9 percentage points, and the impact of new price increases was about -0.5 percentage points.
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