The National Bureau of Statistics issued the national CPI (resident consumption price index) and PPI (factory price index) data in July 2021. In this regard, Dong Lijuan, senior statistician, the National Bureau of Statistics, conducted an interpretation.

First, the CPI ring is increased by the reduction, and the mixed fell

In July, all departments of all regions were overturned to prevent exhibition and control, flood relief and economic and social development, and actively implemented a stable policy, and the market supply and demand overall is overall.

From the context of the ring, the CPI was turned 0.4% last month to rose 0.3%. Among them, food prices have fallen by 0.4%, and the decline is 1.8 percentage points from last month, which affects CPI to decrease by about 0.06 percentage points. In the food, it is affected by the extreme weather such as a typhoon and heavy rainfall, and the price of fresh vegetables is increased by 2.3% to rise by 2.3% from the previous month. The pork supply continues to increase, but the price will continue to drop 1.9%, but Without the support of Pork Turnover Policy, the decline is 11.7 percentage points larger than the last month. Non-food prices have turned from 0.5% from last month, affecting CPI rising about 0.37 percentage points. In non-food, the price of industrial consumer goods rose by 0.4%, the increase of 0.3 percentage points, mainly the rise in gas and diesel prices, up 3.5% and 3.8% respectively; the service price fell by 0.1% to rose 0.6% from last month, Summer travel impacts, flight tickets, tourism and hotel accommodation rose 24.3%, 7.3%, and 3.8% respectively.

From a year-on-year, CPI rose 1.0%, and the increase of 0.1 percentage points from last month. Among them, food prices fell by 3.7%, which expanded 2.0 percentage points from last month, which affects CPI to approximately 0.69 percentage points. In food, pork prices fell by 43.5%, expanded from 7.0 percentage points from last month; freshwater fish rose by 30.9%, and the increase of 2.6 percentage points; eggs and edible vegetable oil prices rose by 18.3% and 9.5% respectively. Non-food prices rose by 2.1%, the increase of 0.4 percentage points from last month, affecting CPI rising about 1.70 percentage points. In non-food, the price of industrial consumer goods rose by 2.8%, and the increase of 0.3 percentage points, including 53.5%, 25.4%, 28.2% and 13.5% respectively, and the increase in the price of the price; service price Up to 1.6%, the increase of 0.6 percentage points, including 8.1%, 7.8%, and 3.9%, respectively, 7.8%, respectively.

According to estimates, in July 1.0% year-on-year increase, the warp of prices last year is about 0.5 percentage points, falling 0.3 percentage points from last month; the new price increase is about 0.5 percentage points, which is more than 0.2 compared to last month. percentage point. The core CPI deducted from food and energy prices rose 1.3% year-on-year, and the increase of 0.4 percentage points from last month.

Second, PPI's increase is slightly expanded

In July, affected by crude oil, coal and related product prices, the price of industrial products is slightly expanded.

From the context, PPI rose 0.5%, and the increase of 0.2 percentage points from last month. Among them, the price of production is 0.6%, and the increase of 0.1 percentage points; the price of living data is 0.2% from last month to rise 0.1%. Big commodity guarantees a stable policy effect, steel, non-ferrous metals and other industries decline, in which black metal smelting and calendering industrial prices fell by 0.2%, non-ferrous metal smelting and calendering and industrial prices fell by 0.1%. By hot weather, thermal coal demand, coal mining and washing prices rose 6.6%, or expansion of 1.4 percentage points. The international crude oil prices, driving the price increase in domestic oil related industry, of which oil mining prices rose by 7.1%, and the manufacturing prices of refined petroleum products rose by 3.0%, and the increase of 4.1 and 0.5 percentage points respectively. Agricultural resources prices have risen faster, with fertilizer manufacturing prices rose by 5.0%, and the price of pesticide has risen by 1.5%.

From a year-on-year, PPI rose 9.0%, and the increase of 0.2 percentage points from last month. Among them, the price of production has risen by 12.0%, and the increase of 0.2 percentage points; the price of living data has risen by 0.3%, the increase is the same as the last month. In the 40 industrial industries in the survey, there were 32 prices, increased by 2 in the previous month; 8 decreased, reducing 2. In the main industries, there is a black metal mine selection industry, which has increased by more than 20%, rising 54.6%; oil and gas exploits industry, up 48.0%; coal mining and washing industry, up 45.7%; oil, coal and other fuel addition Industrial, up 35.4%; black metal smelting and calendering plus industry, rising 33.0%; non-ferrous metal smelting and calendering intensive industries, up 23.5%; chemical raw materials and chemical manufacturing industries, up 21.3%; chemical fiber manufacturing, rising 20.9% . The above eight industries affect the PPI rose by about 7.5 percentage points, exceeding the total increase of 80%.

According to estimates, in July 9.0% year-on-year increase, the warp of prices last year is about 2.1 percentage points, falling down 0.3 percentage points from last month; the new price increase is about 6.9 percentage points, expands 0.5 percentage points.

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