Source: National Bureau of Statistics Consumer prices increased by 0.3% year-on-year in April 2024. In April 2024, consumer prices across the country increased by 0.3% year-on-year. Among them, urban prices increased by 0.3% and rural areas increased by 0.4%; food prices fell by

Source: National Bureau of Statistics

In April 2024, consumer prices rose by 0.3% year-on-year

In April 2024, national consumer prices rose by 0.3% year-on-year. Among them, urban prices increased by 0.3% and rural areas increased by 0.4%; food prices fell by 2.7% and non-food prices increased by 0.9%; consumer goods prices remained unchanged and service prices increased by 0.8%. On average from January to April, the national consumer price increased by 0.1% compared with the same period last year.

In April, the national consumer price increased by 0.1% month-on-month.. Among them, urban prices increased by 0.1% and remained the same in rural areas; food prices dropped by 1.0% and non-food prices increased by 0.3%; consumer goods prices dropped by 0.1% and service prices increased by 0.3%.

1. Year-on-year changes in prices of various goods and services

html In April, the prices of food, tobacco and alcohol fell by 1.4% year-on-year, affecting the CPI (Consumer Price Index) to drop by about 0.39 percentage points. Among foods, the price of eggs fell by 10.6%, affecting the CPI to fall by about 0.07 percentage points; the price of fresh fruits fell by 9.7%, affecting the CPI to fall by about 0.22 percentage points; the price of livestock meat fell by 3.2%, affecting the CPI to fall by about 0.10 percentage points, of which the price of pork The price of fresh vegetables increased by 1.4%, affecting the increase of CPI by about 0.02 percentage points; the price of fresh vegetables increased by 1.3%, affecting the increase of CPI by about 0.03 percentage points; the price of grain increased by 0.5%, affecting the increase of CPI by about 0.01 percentage point. The prices of the other seven major categories of

all increased year-on-year. Among them, the prices of other supplies and services, education, culture and entertainment increased by 3.8% and 1.8% respectively, the prices of clothing and medical care increased by 1.6%, and the prices of daily necessities and services, residence, transportation and communication increased by 1.4%, 0.2% and 0.1% respectively.

2. Month-on-month changes in prices of various goods and services

html In April, the prices of food, tobacco and alcohol fell by 0.7% month-on-month, affecting the CPI to fall by about 0.19 percentage points. Among foods, the price of fresh vegetables fell by 3.7%, affecting the CPI to fall by about 0.08 percentage points; the price of fresh fruits fell by 2.0%, affecting the CPI to fall by about 0.04 percentage points; the price of eggs fell by 2.0%, affecting the CPI to fall by about 0.01 percentage points; the price of livestock and meat The price dropped by 0.8%, affecting the CPI to fall by about 0.02 percentage points; the price of aquatic products fell by 0.5%, affecting the CPI to fall by about 0.01 percentage point.

The prices of the other seven major categories increased five times, stayed flat, and dropped one month on month. Among them, the prices of other supplies and services, transportation and communications increased by 2.0% and 1.0% respectively, the prices of education, culture and entertainment, daily necessities and services, and medical care increased by 0.5%, 0.4%, and 0.2% respectively; the price of housing remained unchanged; the price of clothing decreased by 0.1% .

In April 2024, the year-on-year decrease in producer prices for industrial producers narrowed.

In April 2024, the national producer prices for industrial producers fell by 2.5% year-on-year, and the purchasing prices for industrial producers fell by 3.0% year-on-year. The declines were narrowed by 0.3% and 0.3% year-on-year, respectively. 0.5 percentage points; the ex-factory price and purchase price of industrial producers fell by 0.2% and 0.3% respectively month-on-month. On average from January to April, the ex-factory price of industrial producers fell by 2.7% compared with the same period last year, and the purchasing price of industrial producers fell by 3.3%.

1. Year-on-year changes in industrial producer prices in April

Among industrial producer ex-factory prices, the price of production means fell by 3.1%, affecting the overall level of industrial producer ex-factory prices to drop by about 2.32 percentage points. Among them, the price of the mining industry fell by 4.8%, the price of the raw material industry fell by 1.9%, and the price of the processing industry fell by 3.6%. The price of daily necessities fell by 0.9%, affecting the overall level of factory prices for industrial producers to fall by about 0.22 percentage points. Among them, food prices decreased by 0.8%, clothing prices increased by 0.3%, general daily necessities prices increased by 0.1%, and durable consumer goods prices decreased by 1.9%.

Among the purchasing prices for industrial producers, the prices of building materials and non-metallic materials fell by 8.5%, the prices of ferrous metal materials fell by 5.5%, the prices of agricultural and sideline products fell by 5.2%, and the prices of fuel, power and chemical raw materials both dropped by 4.3%; The prices of non-ferrous metal materials and wires increased by 3.3%, and the prices of textile raw materials increased by 0.5%.

Month-on-month changes in industrial producer prices in February and April

Among industrial producer prices, the price of means of production fell by 0.2%, affecting the overall level of industrial producer prices to drop by about 0.17 percentage points. Among them, the price of the mining industry decreased by 1.0%, the price of the raw material industry increased by 0.3%, and the price of the processing industry decreased by 0.4%.The price of daily necessities fell by 0.1%, affecting the overall level of factory prices for industrial producers to fall by about 0.03 percentage points. Among them, food prices fell by 0.1%, clothing prices remained unchanged, general daily necessities prices increased by 0.3%, and durable consumer goods prices fell by 0.5%.

Among the purchasing prices for industrial producers, the price of ferrous metal materials fell by 1.8%, the price of fuel and power fell by 1.4%, the price of building materials and non-metallic products fell by 1.2%, the price of agricultural and sideline products fell by 0.3%; non-ferrous metal materials and wires The prices of chemical raw materials increased by 2.8%, and the prices of chemical raw materials increased by 0.1%; the prices of textile raw materials remained unchanged.

The year-on-year increase in cpi in April 2024 has increased steadily

The year-on-year decrease in ppi has narrowed

- Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics

Interpretation of the cpi and ppi data in April 2024

The National Bureau of Statistics today released the national statistics for April 2024 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 turned from a month-on-month decrease to an increase, and the year-on-year increase slightly expanded.

html In April, residents' consumer demand continued to recover, and the national CPI turned from a month-on-month decrease to an increase, and the year-on-year increase expanded. Core CPI, excluding food and energy prices, rose 0.2% month-on-month, down 0.6% from the previous month; it rose 0.7% year-on-year, an increase of 0.1 percentage points from the previous month.

From a month-on-month perspective, cpi increased by 0.1%, compared with a decrease of 1.0% in the previous month. Among them, food prices fell by 1.0%, and the decline narrowed by 2.2 percentage points from the previous month, affecting the month-on-month decrease in CPI by approximately 0.19 percentage points. In food, the market supply is relatively sufficient. The prices of fresh vegetables, shrimps and crabs, beef, eggs and fresh fruits fell by 3.7%, 2.8%, 2.7%, 2.3% and 2.0% respectively. The total impact on the CPI was about 0.16 percentage points month-on-month. Non-food prices increased by 0.3% from a decrease of 0.5% last month, affecting the month-on-month increase in CPI by approximately 0.27 percentage points. Among non-food items, affected by the increase in travel during the short and long holidays, air tickets, transportation rental fees, hotel accommodation and tourism prices all turned from falling to rising, with increases of 15.3%, 9.0%, 4.0% and 2.7% respectively, which together affected the CPI month-on-month An increase of about 0.12 percentage points; affected by the rise in international gold prices and oil prices, domestic gold jewelry and gasoline prices increased by 8.7% and 3.0% respectively, which collectively affected the month-on-month increase in CPI by about 0.15 percentage points.

From a year-on-year perspective, cpi increased by 0.3%, an increase of 0.2 percentage points larger than the previous month. Among them, food prices fell by 2.7%, the same decline as last month, affecting the year-on-year decrease in CPI by approximately 0.49 percentage points. Among foods, the prices of eggs, beef, fresh fruits, mutton and poultry fell by 12.4%, 10.4%, 9.7%, 6.8% and 2.6% respectively, and the declines all expanded; the prices of pork and fresh vegetables fell by 2.4% and 2.4% respectively from the previous month. 1.3% turned into gains of 1.4% and 1.3%. Non-food prices rose by 0.9%, an increase of 0.2 percentage points from the previous month, affecting the CPI to increase by about 0.77 percentage points year-on-year. Among non-food products, energy prices increased by 3.6%, an increase of 2.3 percentage points; the price of industrial consumer goods excluding energy increased by 0.4%, an increase of 0.3 percentage points, of which the prices of fuel vehicles and new energy vehicles decreased by 4.8% and 6.5% respectively. The decreases all narrowed; service prices increased by 0.8%, the same increase as last month.

According to calculations, in the 0.3% year-on-year change in cpi in April, the tailing impact was about -0.1 percentage points, and the new impact of this year's price changes was about 0.4 percentage points.

2. PPI declined month-on-month, and the year-on-year decrease narrowed.

html In April, industrial production continued to recover, and demand in some industries fell in stages. National ppi declined month-on-month, and the year-on-year decrease narrowed.

From a month-on-month perspective, ppi fell by 0.2%, a decline that expanded by 0.1 percentage points from the previous month. Among them, the price of means of production fell by 0.2%, the decline expanded by 0.1 percentage point; the price of means of living fell by 0.1%, the decline was the same as last month. Affected by the rise in international crude oil and non-ferrous metal prices, the domestic oil and natural gas mining industry, petroleum coal and other fuel processing industry prices increased by 3.4% and 1.0% respectively; the non-ferrous metal smelting and rolling processing industry prices increased by 3.2%, including gold smelting, copper Smelting prices increased by 8.0% and 5.8% respectively. The supply of coal is sufficient, the demand for thermal coal has fallen seasonally, and the price of coal mining and washing industry has dropped by 3.0%.Since mid-April, supply and demand in the steel market have improved slightly, and prices have increased. The average for the whole month is still falling, with prices in the ferrous metal smelting and rolling processing industry falling by 2.5%. In the equipment manufacturing industry, the prices of gasoline and diesel vehicle manufacturing and new energy vehicle manufacturing fell by 0.9% and 0.2% respectively, and the prices of computer communications and other electronic equipment manufacturing fell by 0.2%. In the consumer goods manufacturing industry, prices in the cultural, educational, industrial, aesthetic, sports and entertainment goods manufacturing industry, and the textile, clothing and apparel industry increased by 1.7% and 0.1% respectively.

From a year-on-year perspective, ppi fell by 2.5%, and the decline narrowed by 0.3 percentage points from the previous month. Among them, the price of means of production fell by 3.1%, the decline narrowed by 0.4 percentage points; the price of living materials fell by 0.9%, the decline narrowed by 0.1 percentage point. Among the major industries, prices in the coal mining and washing industry dropped by 14.2%, prices in the manufacturing industry of chemical raw materials and chemical products dropped by 5.4%, prices in the manufacturing industry of electrical machinery and equipment dropped by 4.2%, prices in the agricultural and sideline food processing industry dropped by 3.6%, and prices in the computer and communications industry dropped by 3.6%. Prices in the and other electronic equipment manufacturing industries fell by 2.0%, prices in the petroleum, coal and other fuel processing industries fell by 1.0%, and the declines all narrowed; prices in the non-metallic mineral products industry fell by 9.0%, and prices in the ferrous metal smelting and rolling processing industry fell by 8.5%. Prices in the automobile manufacturing industry fell by 2.0%, and the declines all expanded; prices in the oil and natural gas mining industry increased by 9.4%, and prices in the nonferrous metal smelting and rolling processing industry increased by 3.6%, and the increases both expanded.

According to calculations, in the -2.5% year-on-year change in ppi in April, the tailing impact was approximately -1.8 percentage points, and the new impact of this year's price changes was approximately -0.7 percentage points.