Agriculture & Food

According to data released by the National Bureau of Statistics on the 9th, in August, the national consumer price index (CPI) rose by 0.8% year-on-year, a decrease of 0.2 percentage points from the previous month. Affected by the continuous increase in pork supply, the price of pork in food prices fell by 44.9%. The average CPI from January to August rose 0.6% from the same period last year.

In August, the national producer price (PPI) of industrial producers increased by 9.5% year-on-year and 0.7% month-on-month; the purchasing prices of industrial producers rose by 13.6% year-on-year and 0.8% month-on-month. The average PPI from January to August rose 6.2% from the same period last year.

CPI was generally stable, pork prices fell 44.9% year-on-year

In August, all regions and departments continued to do a good job in ensuring supply and stabilizing prices. The consumer market was generally adequately supplied with prices operating steadily.

From a month-on-month perspective, the CPI rose by 0.1%, a decrease of 0.2 percentage points from the previous month.

Among them, food prices changed from a 0.4% drop last month to a 0.8% increase, which affected the CPI increase by about 0.14 percentage points.

In food, affected by the spread of epidemics in many places, heavy rainfall and high temperature weather, the prices of fresh vegetables and eggs increased by 8.6% and 8.4% respectively, an increase of 7.3 and 7.4 percentage points respectively from the previous month;

The supply of pork continued to increase, and the price continued to fall by 1.4%, which was 0.5% smaller than the previous month;

A large number of aquatic products are on the market, and the prices of freshwater fish and shrimps and crabs have fallen by 3.3% and 4.0% respectively.

The price of non-food items changed from a 0.5% increase last month to a decrease of 0.1%, which affected the CPI drop by about 0.05 percentage points.

Among non-food products, the price of industrial consumer goods changed from a 0.4% increase last month to a decrease of 0.2%, mainly due to the impact of the decline in international crude oil prices, and the prices of gasoline and diesel changed from rising to falling;

Service prices have changed from a 0.6% increase last month to the same level, mainly due to the impact of the epidemic. The consumption of travel services such as air tickets, tourism and hotel accommodation has been suppressed, and prices have changed from rising to falling.

From a year-on-year perspective, the CPI rose by 0.8%, a decrease of 0.2 percentage points from the previous month.

Among them, food prices fell by 4.1%, an increase of 0.4 percentage points from the previous month, which affected the decrease of CPI by about 0.77 percentage points.

In food, the price of pork fell by 44.9%, an increase of 1.4 percentage points from the previous month;

The price of freshwater fish increased by 25.4%, a decline of 5.5%;

The prices of eggs and edible vegetable oil rose by 15.9% and 9.4%, respectively, and the growth rates both fell.

Non-food prices rose by 1.9%, a decrease of 0.2 percentage points from the previous month, affecting the CPI increase by about 1.58 percentage points.

Among non-food products, the price of industrial consumer goods rose by 2.5%, a drop of 0.3%. Among them, the prices of gasoline and diesel rose by 22.7% and 25.2%, respectively, both of which fell;

Service prices rose by 1.5%, a decline of 0.1 percentage point. Among them, the prices of air tickets and hotel accommodation rose by 31.6% and 2.8%, respectively, and the growth rates both fell.

According to estimates, of the 0.8% year-on-year increase in August, the carry-over impact of last year's price changes was about 0.2 percentage points, down 0.3 percentage points from the previous month;

The impact of the new price increase is about 0.6 percentage point, an increase of 0.1 percentage point from the previous month. The core CPI, excluding food and energy prices, rose 1.2% year-on-year, and the increase was 0.1 percentage point lower than the previous month.

PPI growth expanded, up 9.5% year-on-year

In August, affected by the increase in the prices of coal, chemicals and steel products, the price increase of industrial products both increased month-on-month and year-on-year.

From a month-on-month perspective, PPI rose by 0.7%, an increase of 0.2 percentage points from the previous month.

Among them, the price of means of production rose by 0.9%, an increase of 0.3%; the price of means of subsistence remained flat.

From the perspective of major industries, due to strong demand and overall tight supply, the price of coal mining and washing industries rose by 6.5%;

The prices of crude oil and coal in the early period have risen quite a lot, pushing the prices of domestic mid- and downstream industries to continue to rise. Among them, the prices of chemical raw materials and chemical products manufacturing increased by 1.9%, an increase of 1.1 percentage points;

Driven by the recent rapid increase in imported natural gas prices, the domestic gas production and supply industry prices rose by 1.7%, an increase of 1.5 percentage points;

The prices of ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry have all changed from falling to rising, rising by 2.2% and 1.4% respectively.

From a year-on-year perspective, PPI rose by 9.5%, an increase of 0.5 percentage points from the previous month.

Among them, the price of means of production rose by 12.7%, an increase of 0.7%; the price of means of subsistence rose by 0.3%, the same as the previous month.

Among the main industries, coal mining and processing, ferrous metal mining and dressing, petroleum and natural gas extraction, petroleum, coal and other fuel processing industries, ferrous metal smelting and rolling processing industry, non-ferrous metal smelting and rolling processing industry, chemical raw materials And the price increase of chemical products manufacturing industry and chemical fiber manufacturing industry is between 21.8% and 57.1%, which affects the PPI increase by about 7.9%, which is more than 80% of the total increase.

Among them, the price increase of coal mining and washing industry, chemical raw material and chemical product manufacturing, ferrous metal smelting and rolling processing industry increased by 11.4, 2.7 and 1.1 percentage points respectively, which was the main reason for the increase in the same period.

According to estimates, of the 9.5% year-on-year increase in August, the carry-over impact of price changes last year was about 1.8 percentage points, down 0.3 percentage points from the previous month; the impact of the new price increase was about 7.7 percentage points, an increase of 0.8 percentage points.