Interpretation: In July 2019, CPI And PPI Remained Stable Slightly.

The National Bureau of statistics released today's July national CPI (consumer price index) and PPI (producer price index of industrial producer) data in 2019. In this regard, the director of the city Bureau of the National Bureau of statistics made an interpretation.

　　 First, the CPI ratio rose from a downward trend, a slight increase over the previous year.

From the ring to see, CPI fell from 0.1% last month to 0.4%. Among them, food prices fell from 0.3% last month to 0.9%, affecting CPI's rise of about 0.19 percentage points. Non food prices fell to 0.1% from 0.1% last month, affecting CPI's rise of about 0.22 percentage points. In food, hot weather and heavy rainfall in some areas are not conducive to the production and storage of fresh vegetables. The price has risen by 2.6%, which has affected CPI's rise by about 0.06 percentage points. Affected by the African swine plague, the supply of pork was tight and the price rose by 7.8%, which affected CPI's rise by about 0.20 percentage points. Laying hens entered a period of rest, egg production rate decreased, egg prices rose 5%, affecting CPI rose by 0.03 percentage points. Seasonal fruits and fruits were listed on a large scale, fresh fruit prices fell by 6.2%, affecting CPI by about 0.14 percentage points. In non food, summer travel increased, air tickets, travel agency charges and hotel accommodation prices rose by 19.3%, 8.6% and 2.2% respectively, which together affected CPI's rise by about 0.19 percentage points. The price of gasoline and diesel decreased by 1.9% and 2% respectively, influenced by the price adjustment of refined oil, which affected the CPI's decline by about 0.04 percentage points.

From the year-on-year perspective, CPI rose 2.8%, or 0.1 percentage points from last month. Among them, food prices rose 9.1%, an increase of 0.8 percentage points from last month, the impact of CPI rose about 1.74 percentage points, non food prices rose 1.3%, or 0.1 percentage points lower than last month, affecting CPI rose by 1.04 percentage points. In food, fresh fruit prices rose 39.1%, or 3.6 percentage points lower than last month; pork prices rose 27%, or 5.9 percentage points. The above two factors affect CPI's rise by about 1.22 percentage points. The price of eggs, chicken, beef, mutton and fresh vegetables increased by 5.2% to 11.4%. In non food, health care, education, culture and entertainment, living prices rose by 2.6%, 2.3% and 1.5% respectively, which together affected CPI's rise by about 0.80 percentage points. It is estimated that in the 2.8% year-on-year increase in July, the impact of the price change last year was about 1.2 percentage points, and the impact of the new price increase was about 1.6 percentage points.

　　 Two, the PPI narrowed narrowing, a slight decrease in the same ratio.

From the ring to see, PPI fell 0.2%, the decline narrowed by 0.1 percentage points from last month. Among them, the price of means of production fell by 0.3%, a decrease of 0.1 percentage points from last month, and the price of living goods was flat. From the 40 industrial sectors surveyed, 18 prices rose, 17 fell, and 5 were flat. In major industries, the black metal smelting and calendering processing industry rose by 0.6%; the non-ferrous metal smelting and calendering processing industry increased by 0.1%, of which gold smelting increased by 4.7%, and silver smelting increased by 3.3%. The oil and natural gas extraction industry, which declined by 5.4%, increased by 1.5 percentage points from last month. The oil, coal and other fuel processing industries decreased by 2.4%, expanding by 0.5 percentage points, and the coal mining and washing industry decreased by 1.5% and 1.4 percentage points. The decline narrowed in the chemical raw materials and chemical products manufacturing industry, down 0.5%, narrowed by 0.6 percentage points, and the non-metallic mineral products industry decreased by 0.3%, narrowing 0.1 percentage points. In addition, black metal mining industry prices rose 4.6%, or 0.9 percentage points more than last month.

From the year-on-year look, PPI was flat down from last month to 0.3%. Among them, the price of producer goods fell by 0.7%, a 0.4 percentage point increase from last month, and the price of living goods rose 0.8%, or 0.1 percentage points lower than last month. In the main industries, the black metal ore mining industry increased by 23.7%, an increase of 5.2 percentage points from last month, and the non-ferrous metal mining and mining industry increased by 1.9% and 1.1 percentage points. The gas production and supply industry rose by 3%, down 1.4 percentage points, and the coal mining and washing industry increased by 1.2%, down 2.2 percentage points. The decline in oil and natural gas extraction industry increased by 8.3%, an increase of 6.5 percentage points, and oil, coal and other fuel processing industry decreased by 5.1%, an increase of 3.2 percentage points; chemical raw materials and chemical products manufacturing industry decreased by 4%, an increase of 0.2 percentage points. The decline narrowed in ferrous metal smelting and calendering processing industry, a decrease of 0.4%, narrowing by 0.1 percentage points, and non-ferrous metal smelting and calendering processing industry decreased by 0.3%, narrowing by 1.8 percentage points. It is estimated that in July, a year-on-year fall of 0.3%, the impact of price changes last year was about 0.2 percentage points, and the new price increase was about -0.5 percentage points.