Source: Statistics WeChat
In June 2024, consumer prices increased by 0.2% year-on-year.
In June 2024, national consumer prices increased by 0.2% year-on-year. Among them, urban prices increased by 0.2% and rural areas increased by 0.4%; food prices dropped by 2.1% and non-food prices increased by 0.8%; consumer goods prices dropped by 0.1% and service prices increased by 0.7%. On average from January to June, the national consumer price increased by 0.1% compared with the same period last year.
html In June, the national consumer price dropped by 0.2% month-on-month. Among them, urban prices dropped by 0.2% and rural prices dropped by 0.2%; food prices dropped by 0.6% and non-food prices dropped by 0.2%; consumer goods prices dropped by 0.4% and service prices remained unchanged.
1. Year-on-year changes in prices of various goods and services
html In June, the prices of food, tobacco and alcohol fell by 1.1% year-on-year, affecting the CPI (Consumer Price Index) to drop by about 0.31 percentage points. In food, the price of fresh fruits fell by 8.7%, affecting the CPI to fall by about 0.19 percentage points; the price of fresh vegetables fell by 7.3%, affecting the CPI to fall by about 0.15 percentage points; the price of eggs fell by 3.9%, affecting the CPI to fall by about 0.03 percentage points; the price of livestock and meat It increased by 3.5%, affecting the CPI increase by about 0.10 percentage points, of which pork prices increased by 18.1%, affecting the CPI increase by about 0.21 percentage points; the price of aquatic products increased by 1.2%, affecting the CPI increase by about 0.02 percentage points; grain prices increased by 0.4%, affecting the CPI increase by about 0.02 percentage points; An increase of about 0.01 percentage points.The prices of the other seven categories increased six times and fell one year on year. Among them, the prices of other supplies and services, education, culture and entertainment increased by 4.0% and 1.7% respectively; the prices of clothing and medical care increased by 1.5%; the prices of daily necessities and services and housing increased by 0.9% and 0.2% respectively; the prices of transportation and communication decreased by 0.3% .
2. Month-on-month changes in prices of various goods and services
html In June, the prices of food, tobacco and alcohol fell by 0.4% month-on-month, affecting the CPI to fall by about 0.10 percentage points. Among food, the price of fresh vegetables fell by 7.3%, affecting the CPI to fall by about 0.15 percentage points; the price of fresh fruits fell by 3.8%, affecting the CPI to fall by about 0.08 percentage points; the price of livestock and meat increased by 4.5%, affecting the CPI to rise by about 0.13 percentage points, of which the price of pork It rose by 11.4%, affecting the CPI increase by about 0.14 percentage points; egg prices increased by 1.5%, affecting the CPI increase by about 0.01 percentage points. The prices of the other seven categories ofincreased by two and decreased by five compared with the previous month. Among them, the prices of housing and medical care both increased by 0.1%; the prices of transportation and communications, daily necessities and services decreased by 0.6% and 0.4% respectively, and the prices of clothing, education, culture and entertainment, and other supplies and services all decreased by 0.2%.
In June 2024, the year-on-year decrease in producer prices for industrial producers continued to narrow
In June 2024, the national producer prices for industrial producers fell by 0.8% year-on-year, and the decline narrowed by 0.6 percentage points from the previous month. The month-on-month increase turned from a 0.2% increase to a decrease. 0.2%; the purchasing price of industrial producers decreased by 0.5% year-on-year and increased by 0.1% month-on-month. In the first half of the year, the ex-factory price for industrial producers fell by 2.1% compared with the same period last year, and the purchasing price for industrial producers fell by 2.6%.
1. Year-on-year changes in industrial producer prices in June
Among industrial producer prices, the price of means of production fell by 0.8%, affecting the overall level of industrial producer prices to drop by about 0.57 percentage points. Among them, the price of the mining industry increased by 2.7%, the price of the raw material industry increased by 1.6%, and the price of the processing industry decreased by 2.0%. The price of daily necessities fell by 0.8%, affecting the overall level of factory prices for industrial producers to drop by about 0.21 percentage points. Among them, food prices dropped by 0.2%, clothing prices remained unchanged, general daily necessities prices dropped by 0.1%, and durable consumer goods prices dropped by 2.1%.
Among the purchasing prices for industrial producers, the prices of building materials and non-metallic products fell by 6.9%, the prices of agricultural and sideline products fell by 2.4%, the prices of ferrous metal materials fell by 2.3%, the prices of chemical raw materials fell by 0.7%, and the prices of fuel and power fell by 0.7%. 0.6%, the price of textile raw materials decreased by 0.2%; the price of non-ferrous metal materials and wires increased by 11.3%.
Month-on-month changes in industrial producer prices in February and June
Among industrial producer prices, the price of production means fell by 0.2%, affecting the overall level of industrial producer prices to drop by about 0.13 percentage points.Among them, the price of the mining industry increased by 0.3%, the price of the raw material industry decreased by 0.5%, and the price of the processing industry decreased by 0.1%. The price of daily necessities fell by 0.1%, affecting the overall level of factory prices for industrial producers to drop by about 0.04 percentage points. Among them, food prices increased by 0.3%, clothing prices fell by 0.1%, general daily necessities prices remained unchanged, and durable consumer goods prices fell by 0.7%.
In terms of purchasing prices for industrial producers, the prices of non-ferrous metal materials and wires increased by 2.4%, the prices of agricultural and sideline products increased by 1.3%, and the prices of chemical raw materials increased by 0.2%; the prices of building materials and non-metallic products remained unchanged; the prices of fuel and power decreased. 1.3%, the price of ferrous metal materials fell by 0.5%, and the price of textile raw materials fell by 0.2%.
[Authoritative Interpretation] CPI continues to rise year-on-year in June 2024
ppi decline narrows year-on-year
- Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics
Interpretation of June 2024 cpi and ppi data
The National Bureau of Statistics today released the 2024 June Monthly national cpi (consumer price index) and ppi (industrial producer price index) data. In this regard, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, provided an interpretation.
1. CPI dropped seasonally month-on-month, but continued to rise year-on-year
html In June, the consumer market supply was generally sufficient, and the national CPI dropped seasonally month-on-month, but continued to rise year-on-year. Core CPI excluding food and energy prices rose 0.6% year-on-year, the same increase as last month, and continued to maintain a moderate increase.From a month-on-month perspective, cpi dropped by 0.2%, a decline that expanded by 0.1 percentage points from the previous month. Among them, food prices dropped by 0.6% from being flat last month, affecting the month-on-month decrease in CPI by about 0.11 percentage points. Among foods, some seasonal fruits, vegetables and aquatic products were put on the market. The prices of fresh vegetables, potatoes, fresh fruits and shrimps and crabs fell by 7.3%, 4.8%, 3.8% and 2.4% respectively. The total impact on the CPI was about 0.25 percentage points month-on-month. ; Affected by the relationship between supply and demand, pork prices rose by 11.4%, affecting the CPI to increase by about 0.14 percentage points month-on-month. Non-food prices fell by 0.2%, the same as last month, affecting the month-on-month decrease in CPI by about 0.13 percentage points. Among non-food products, affected by fluctuations in international oil prices, domestic gasoline prices fell by 2.0%; affected by the "618" promotion and other factors, the prices of automobiles, household appliances, and entertainment durable consumer goods fell by between 0.8% and 1.3%; as summer vacation approaches, travel increases, and transportation Tool rental fees and air ticket prices increased by 6.4% and 2.5% respectively.
From a year-on-year perspective, cpi increased by 0.2%, a decrease of 0.1 percentage points from the previous month. Among them, food prices fell by 2.1%, a decline that expanded by 0.1 percentage points from the previous month, affecting the year-on-year decrease in CPI by approximately 0.39 percentage points. Among foods, the price of fresh vegetables dropped by 7.3% from an increase of 2.3% in the previous month; the prices of potatoes, fresh fruits, eggs, beef, mutton and poultry continued to fall, with a decrease between 2.3% and 18.6%; the price of pork increased by 18.1%. %, an increase of 13.5 percentage points compared with the previous month. Non-food prices increased by 0.8%, the same increase as last month, affecting the year-on-year increase in CPI by approximately 0.64 percentage points. Among non-food items, energy prices rose by 3.1%, a decrease of 0.3 percentage points. Prices of industrial consumer goods excluding energy increased by 0.1%, the same increase as last month. Among them, the prices of fuel cars and new energy cars fell by 6.0% and 7.4% respectively, and the declines continued to expand. Service prices increased by 0.7%, with the increase falling back by 0.1 percentage point. Among them, tourism prices increased by 3.7%, with the increase falling slightly; hotel accommodation prices fell by 1.9%, with the decline expanding; and medical service prices rose by 1.9%, with the increase slightly expanding.
According to calculations, in the 0.2% year-on-year change in cpi in June, the tailing impact was about 0.2 percentage points, and the new impact of this year's price changes was about 0.
2. PPI declined month-on-month, and the year-on-year decline continued to narrow.
html In June, affected by factors such as fluctuations in international commodity prices and insufficient market demand for some domestic industrial products, national ppi declined month-on-month, and the year-on-year decline continued to narrow.From a month-on-month perspective, ppi changed from an increase of 0.2% last month to a decrease of 0.2%. Among them, the price of means of production turned from an increase of 0.4% to a decrease of 0.2%; the price of means of living fell by 0.1%, the same as last month."Peak summer" is approaching, coal demand has increased seasonally, and prices in the coal mining and washing industry have increased by 1.1%; cement companies have reduced production, and cost support has increased after the implementation of new national standards, and cement manufacturing prices have increased from a decrease of 0.8%. 3.3%; tight supply drove prices in the nonferrous metal smelting and rolling processing industries to rise by 1.6%, with prices of lead smelting, aluminum smelting, and copper smelting rising by 4.8%, 2.6%, and 0.8% respectively. The decline in international oil prices drove prices in the domestic oil and natural gas extraction industry down by 2.9%; the demand for replenishment in the early stage has been released, and hot and rainy weather affects construction, the demand for steel has weakened, and the prices in the ferrous metal smelting and rolling processing industry have dropped by 0.6%. In the equipment manufacturing industry, the manufacturing price of lithium-ion batteries fell by 0.5%, and the manufacturing price of new energy vehicles fell by 0.1%. In the consumer goods manufacturing industry, prices in the cultural, educational, industrial, aesthetic, sports and entertainment products manufacturing industry, agricultural and sideline food processing industry, and furniture manufacturing industry increased by 0.6%, 0.5%, and 0.1% respectively. Prices in the electricity and heat production and supply industry and the gas production and supply industry fell by 1.0% and 0.8% respectively.
From a year-on-year perspective, ppi fell by 0.8%, and the decline narrowed by 0.6 percentage points from the previous month. Among them, the price of means of production fell by 0.8%, the decline narrowed by 0.8 percentage points; the price of means of living fell by 0.8%, the decline was the same as last month. Among the major industries, prices in the non-metallic mineral products industry fell by 6.9%, prices in the electrical machinery and equipment manufacturing industry fell by 2.9%, prices in the agricultural and sideline food processing industry fell by 2.2%, prices in the ferrous metal smelting and rolling processing industry fell by 2.1%, coal mining and Prices in the washing and separation industry fell by 1.6%, and prices in the manufacturing industry of chemical raw materials and chemical products fell by 0.6%, with both declines narrowing; prices in the automobile manufacturing industry fell by 2.3%, and prices in the manufacturing industry of computer communications and other electronic equipment fell by 2.1%, with the declines expanding by 0.3% respectively. , 0.2 percentage points; prices in the non-ferrous metal smelting and rolling processing industry increased by 11.5%, prices in the petroleum, coal and other fuel processing industry increased by 4.0%, and the increase increased by 2.6 and 0.6 percentage points respectively; prices in the oil and natural gas mining industry increased by 8.0%, and the increase fell back 1.4 percentage points.
According to calculations, in the -0.8% year-on-year change in ppi in June, the tailing impact was approximately -0.1 percentage points, and the new impact of this year's price changes was approximately -0.7 percentage points.
