Interpretation: In May 2019, CPI Rose Somewhat, And PPI Fell Slightly.

The National Bureau of statistics released today's May national CPI (consumer price index) and PPI (producer price index of industrial producer) data in 2019.

Dong Yaxiu, director of the city Bureau of the National Bureau of statistics, interpreted this.

1. CPI was flat compared with last month, an increase year on year.

The CPI rose from 0.1% last month to flat.

Among them, food prices rose 0.2%, affecting CPI rose by about 0.03 percentage points; non food prices were flat.

In food, fresh fruit prices rose 10.1%, affecting CPI rose by about 0.20 percentage points, mainly due to the reduction of apple and pear production last year, and the shortage of stocks this year, coupled with the rainy weather in the south this year, the fresh fruit market supply decreased; the egg supply was tight, and the price rose by 7.6%, which affected the increase of CPI by about 0.04 percentage points; fresh vegetables were listed on a large scale, the price dropped by 7.9%, and the CPI dropped by about 0.22 percentage points. Pork was affected by the weather becoming hot and other factors, consumer demand weakened, the price dropped 0.3%, and the price dropped 0.3%, affecting CPI to drop by 0.01 percentage points.

In non food products, the price of gasoline and diesel rose by 2% and 2.2% respectively, influenced by the price adjustment of finished products. The total impact on CPI rose by about 0.04 percentage points. The price of air tickets and travel agencies fell by 6.5% and 1.5% respectively, which in turn affected CPI's decline by 0.04 percentage points.

From the year-on-year perspective, CPI rose 2.7%, or 0.2 percentage points from last month.

Among them, food prices rose 7.7%, affecting CPI rose by about 1.48 percentage points, non food prices rose 1.6%, affecting CPI rose by 1.26 percentage points.

In food, fresh fruit prices are at historically high levels, up 26.7% over the previous year, up 14.8 percentage points from last month, affecting CPI's rise of about 0.48 percentage points, and pork prices rose 18.2%, or 3.8 percentage points higher than last month, affecting CPI's rise of 0.38 percentage points; fresh vegetable prices Rose 13.3%, or 4.1 percentage points lower than last month, affecting CPI's rise by 0.31 percentage points; eggs and poultry prices respectively increased by 8.7% and 6.4%, increasing by 4.1 and 4.1 percentage points respectively last month, while the total share of CPI rose by about one percentage point.

In non food, educational culture and entertainment, health care, and residential prices rose by 2.6%, 2.5% and 1.8%, respectively, and the total impact of CPI rose by about 0.90 percentage points.

It is estimated that in the 2.7% year-on-year increase in May, the impact of the price change last year was about 1.5 percentage points, and the impact of the new price increase was about 1.2 percentage points.

Two, PPI ring ratio, a slight decline in the same period last year

The PPI rose 0.2%, or 0.1 percentage points from the previous month.

Among them, the price of producer goods rose by 0.2%, or 0.2 percentage points lower than that of the previous month, and the price of living goods rose 0.1%, down 0.1 percentage points.

According to the survey of 40 industrial sectors, there were 21 price increases, a decrease of 7 from last month, 11 decrease, an increase of 3, an increase of 8, an increase of 4.

In major industries, oil related industries were affected by changes in international crude oil prices, which rose more than last month. Oil and natural gas extraction industry rose by 4.2%, an increase of 0.6 percentage points, and oil, coal and other fuel processing industries rose 1.8%, expanding by 0.5 percentage points.

The black metal smelting and calendering processing industry increased by 0.8%, down 1.3 percentage points, and the instrumentation industry increased by 0.1%, down 0.2 percentage points.

The chemical fiber manufacturing industry has dropped by 1.3%, and chemical raw materials and chemical products industry has declined by 0.2%.

In addition, the price of coal mining and washing industry has increased by 0.7%.

From the same period of view, PPI rose 0.6%, or 0.3 percentage points lower than last month.

Among them, the price of producer goods rose by 0.6%, or 0.3 percentage points from last month, and the price of living goods rose by 0.9%, the same as last month.

In major industries, oil and natural gas extraction industry rose by 6.7%, down 3.4 percentage points from last month. The non-metallic mineral products industry rose 3.1%, down 0.6 percentage points; oil, coal and other fuel processing industries rose 2.3%, down 1.9 percentage points; ferrous metal smelting and calendering processing industry rose 1.9%, down 0.5 percentage points.

The decline in the expansion of chemical raw materials and chemical products manufacturing industry, a decrease of 2.5%, an increase of 0.6 percentage points; non-ferrous metal smelting and calendering processing industry, down 1%, an increase of 0.6 percentage points; automobile manufacturing industry, down 0.7%, an increase of 0.2 percentage points.

In addition, coal mining and washing industry prices rose 3.8%, or 1.9 percentage points more than last month.

It is estimated that in the 0.6% year-on-year increase in May, the impact of the price change last year was about 0.6 percentage points, and the impact of the new price increase was about 0.