Interpretation: In August 2019, CPI And PPI Were Basically Stable.

The National Bureau of statistics released today's August national CPI (consumer price index) and PPI (producer price index of industrial producer) data in 2019. Shen Sheng, a senior statistician of the city Bureau of the National Bureau of statistics, interpreted this.

　　 1. CPI rose slightly, or the same as last month.

The CPI rose 0.7%, or 0.3 percentage points from last month. Among them, food prices rose 3.2%, an increase of 2.3 percentage points, the impact of CPI rose about 0.64 percentage points, non food prices rose 0.1%, or 0.2 percentage points down, affecting CPI rose by 0.07 percentage points. In the food industry, pork supply was tight and prices rose 23.1%, or 15.3 percentage points from last month, which affected CPI's rise of about 0.62 percentage points. Affected by the Mid Autumn Festival and consumption substitution, prices of eggs, beef, mutton, chicken and duck increased by 2% - 5.9%, which together affected CPI's rise of about 0.10 percentage points. Affected by typhoons and hot weather, fresh vegetable prices rose by 2.8%, affecting CPI's rise of about 0.07 percentage points. Seasonal fruits and fruits were listed on a large scale, fresh fruit prices fell by 10.1%, affecting CPI by about 0.22 percentage points. The prices of hotel accommodation, air tickets and travel agency fees rose by 1.6%, 0.8% and 0.3% respectively, while the prices of gasoline and diesel decreased by 1.1% and 1.2% respectively.

From the year-on-year perspective, CPI rose by 2.8%, the same as last month. Among them, food prices rose 10%, an increase of 0.9 percentage points from last month, the impact of CPI rose about 1.93 percentage points, non food prices rose 1.1%, or 0.2 percentage points lower than last month, affecting CPI rose by 0.91 percentage points. Pork prices rose 46.7% in food, 19.7 percentage points more than last month, fresh fruit prices rose 24%, or 15.1 percentage points, while beef, mutton and chicken rose 11.6% to 12.5%. The above five factors affect CPI's rise by about 1.66 percentage points. The price of fresh vegetables dropped by 0.8%, which affected the CPI's decline by about 0.02 percentage points, the first time it was down after 18 consecutive months of year-on-year rise. The prices of health care, education, culture, entertainment and living in non food increased by 2.3%, 2.1% and 1% respectively, which together affected CPI's rise by about 0.68 percentage points. It is estimated that in the 2.8% year-on-year increase in August, the impact of the price change last year was about 0.6 percentage points, and the impact of the new price increase was about 2.2 percentage points.

　　 Two, PPI narrowed narrowing, a slight increase in the same period last year.

From the ring to see, PPI fell 0.1%, the decline narrowed by 0.1 percentage points from last month. Among them, the price of producer goods fell by 0.2%, a decrease of 0.1 percentage points from last month, and the price of living goods rose from 0.2% to 0.2% last month. According to the survey of 40 industrial sectors, there are 14 price increases, 4 less than last month, 9 for the same level, 4 increase, and 17 for the same month. In the main industries, the increase of the agricultural and sideline food processing industry increased by 1.4%, an increase of 1.3 percentage points from last month. The non-ferrous metal smelting and calendering processing industry increased by 0.3%, expanding by 0.2 percentage points, of which silver smelting increased by 5.8%, and gold smelting increased by 4.8%. The black metal smelting and calendering processing industry declined by 0.7%, and the auto manufacturing industry dropped by 0.2%. The decline narrowed in the coal mining and washing industry, down 0.2%, narrowing 1.3 percentage points from last month, and 0.1% in chemical raw materials and chemical products manufacturing, narrowing 0.4 percentage points. In addition, the price of oil and natural gas extraction industry has been leveled off; the price of oil, coal and other fuel processing industries has increased by 0.9%.

From the year-on-year perspective, PPI fell by 0.8%, a 0.5 percentage point increase from last month. Among them, the price of producer goods fell by 1.3%, a 0.6 percentage point increase from last month, and the price of living goods rose 0.7%, or 0.1 percentage points lower than last month. In the main industries, the oil and natural gas extraction industry increased by a decrease of 9.1%, an increase of 0.8 percentage points from last month. The oil, coal and other fuel processing industries decreased by 5.9%, expanding by 0.8 percentage points; chemical raw materials and chemical products manufacturing industry decreased by 4.6%, 0.6 percentage points increased; ferrous metal smelting and calendering processing industry decreased by 3.1%, and 2.7 percentage points were extended. The rise or fall of black metal mining and mining industry rose 21.7%, down 2 percentage points from last month, and coal mining and washing industry rose 0.9%, down 0.3 percentage points. The expansion of non-ferrous metal mining and selection industry increased by 3.7%, an increase of 1.8 percentage points from last month, and the processing of agricultural and sideline products increased by 2.8%, an increase of 1.1 percentage points. It is estimated that in August, the year-on-year decline of 0.8%, the impact of last year's price change is about -0.2 percentage points, the impact of the new price increase is about -0.6 percentage points.