abu6500ctmag| Just now! CPI and PPI released in April!
Our reporter / Meng Ke
On May 11, the National Bureau of Statistics issuedAbu6500ctmagThe national CPI (consumer price index) and PPI (producer price index) data for April 2024 are collected. In April, consumer demand continued to recover, with the national CPI rising from a decline to an increase over the same period last year. The national PPI has declined from the previous month, narrowing the rate of decline compared with the same period last year.
I. CPI has changed from decline to increase, and the year-on-year increase has slightly expanded.
In April, consumer demand continued to recover, with the national CPI rising from a decline to an increase over the same period last year. Core CPI, excluding food and energy prices, rose 0% month-on-month.Abu6500ctmag0.2%, down 0.6% last month; up 0.7% from the same period last year, an increase of 0.1 percentage points over the previous month.
On a month-on-month basis, CPI rose 0.1%, compared with a decline of 1.0% last month. Among them, food prices fell by 1.0%, 2.2 percentage points lower than last month, and the impact of CPI fell by about 0.19% month-on-month. Among the food products, the market supply is relatively abundant. The prices of fresh vegetables, shrimp and crabs, beef, eggs and fresh fruits have dropped by 3.7%, 2.8%, 2.7%, 2.3% and 2.0% respectively, and the total impact on CPI has dropped by about 0.16% from the previous month. Non-food prices rose 0.3 per cent from 0.5 per cent last month, affecting CPI to rise by about 0.27 per cent month-on-month. Among non-food items, affected by the increase in travel during the short holiday, the prices of air tickets, transportation rental, hotel accommodation and tourism all increased from a decline to an increase of 15.3%, 9.0%, 4.0% and 2.7%, respectively, affecting CPI to rise by about 0.12% month-on-month. Affected by international gold prices and oil prices, domestic gold jewelry and gasoline prices rose 8.7% and 3.0% respectively, affecting CPI to rise by about 0.15% month-on-month.
Compared with the same period last year, CPI rose 0.3%, an increase of 0.2% over the previous month. Among them, food prices fell 2.7%, the same rate as last month, affecting CPI fell by about 0.49% compared with the same period last year. In food, the prices of eggs, beef, fresh fruit, mutton and poultry fell by 12.4%, 10.4%, 9.7%, 6.8% and 2.6% respectively, with an increase in the price of pork and fresh vegetables from 2.4% and 1.3% last month to 1.4% and 1.3%, respectively. Non-food prices rose 0.9%, an increase of 0.2% over the previous month, affecting CPI to rise by about 0.77% year-on-year. Among non-food products, energy prices rose 3.6 per cent, an increase of 2.3 percentage points; the prices of industrial consumer goods excluding energy rose 0.4 per cent, an increase of 0.3 percentage points, of which the prices of fuel cars and new energy cars fell 4.8 per cent and 6.5 per cent respectively, narrowing the decline; service prices rose 0.8 per cent, the same as last month.
It is estimated that in the 0.3 per cent year-on-year change in CPI in April, the impact of tail warping is about-0.1 percentage points, and the new impact of price changes this year is about 0.4 percentage points.
Second, the month-on-month decline in PPI has narrowed compared with the same period last year.
In April, industrial production continued to recover, demand in some industries fell in stages, and the national PPI declined month-on-month, narrowing the rate of decline compared with the same period last year.
On a month-on-month basis, PPI fell by 0.2%, an increase of 0.1% over the previous month. Of this total, the price of the means of production fell by 0.2%, an increase of 0.1 percentage points, and the price of the means of subsistence dropped by 0.1%, the same rate as last month. Affected by the rising international prices of crude oil and non-ferrous metals, the prices of the domestic oil and natural gas mining industry, petroleum coal and other fuel processing industries rose 3.4% and 1.0% respectively, and the prices of non-ferrous metal smelting and Calendering processing industries rose 3.2%. Among them, the prices of gold smelting and copper smelting rose by 8.0% and 5.8% respectively. The supply of coal is adequate, the demand for thermal coal has fallen seasonally, and the prices of coal mining and washing industries have fallen by 3.0%. Since mid-April, the supply and demand of the steel market has improved slightly, the price has risen, the monthly average has still declined, and the price of the ferrous metal smelting and Calendering industry has dropped by 2.5%. In the equipment manufacturing industry, the prices of gasoline and diesel vehicles and new energy vehicles fell by 0.9 percent and 0.2 percent respectively, and the prices of computer communications and other electronic equipment manufacturing industries dropped by 0.2 percent. In the consumer goods manufacturing industry, the prices of culture, education, industry, sports and entertainment products manufacturing industry, and textile and clothing industry rose 1.7% and 0.1% respectively.
Compared with the same period last year, PPI fell 2.5%, 0.3 percentage points lower than the previous month. Of this total, the prices of the means of production fell 3.1 percent, or 0.4 percentage points, while the prices of means of subsistence fell 0.9 percent, or 0.1 percentage points. Among the major industries, the prices of coal mining and washing fell by 14.2%, chemical raw materials and chemical products by 5.4%, electrical machinery and equipment by 4.2%, and agricultural and non-staple food processing by 3.6%. The prices of computer communications and other electronic equipment manufacturing industries fell by 2.0%, and those of oil, coal and other fuel processing industries fell by 1.0%. The prices of the non-metallic mineral products industry fell by 9.0%, the prices of the ferrous metal smelting and Calendering industries dropped by 8.5%, the prices of the automobile manufacturing industry fell by 2.0%, and the prices of the oil and natural gas mining industry increased by 9.4%. The prices of non-ferrous metal smelting and Calendering processing industries increased by 3.6%.
It is estimated that the impact of tail warping is about-1.8% of the 2.5% year-on-year changes in PPI in April, and the new impact of price changes this year is about-0.7%.
(editor Shangguan Monroe)
