Interpretation: In October 2019, CPI And PPI Rose Or Fell.

The National Bureau of statistics released today's October 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 growth is the same as last month, increasing year by year.

The CPI rose by 0.9%, the same as last month. Among them, food prices rose 3.6%, an increase of 0.1 percentage points from last month, affecting CPI rose about 0.78 percentage points, non food prices rose 0.2%, or the same as last month, affecting CPI rose by 0.12 percentage points. The supply of fresh fruits and fresh vegetables was adequate, and prices dropped by 5.7% and 1.7% respectively. The two combined effect on CPI dropped by about 0.14 percentage points. The price of eggs dropped from 1.5% to 0.01, which affected CPI by about 0.01 percentage points. Pork prices rose 20.1%, an increase of 0.4 percentage points from last month, affecting CPI rose by about 0.79 percentage points, accounting for nearly 90% of the total increase of CPI. Driven by rising pork prices and consumption substitution demand, beef, mutton, chicken and duck meat prices have risen, rising between 1% and 3.1%, and the four combined impact on CPI rose by 0.06 percentage points. In non food, clothing prices rose by 0.4%, which affected CPI's rise of about 0.02 percentage points. During the national day, travel increased, hotel accommodation, travel agency fees and air ticket prices rose by 2.1%, 0.7% and 0.5% respectively, and the three total impact on CPI rose by 0.01 percentage points.

From the year-on-year perspective, CPI rose 3.8%, or 0.8 percentage points from last month. Among them, food prices rose 15.5%, an increase of 4.3 percentage points, the impact of CPI rose about 3.05 percentage points, non food prices rose 0.9%, or 0.1 percentage points down, affecting CPI rose by 0.70 percentage points. The price of fresh vegetables dropped by 10.2%, and the price of fresh fruit dropped from 0.3% to two. The total of the total CPI decreased by 0.28 percentage points. Pork prices rose 101.3%, affecting CPI rose by about 2.43 percentage points, accounting for nearly 2/3 of CPI's year-on-year increase. The price of beef, mutton, chicken, duck and eggs rose by 12.3% to 21.4%, and the five combined effect on CPI rose by 0.41 percentage points. The prices of health care, education culture, entertainment and clothing rose by 2.1%, 1.9% and 1.2% respectively, and the three items affected the CPI's rise by about 0.49 percentage points. Transport and communications prices fell by 3.5%, affecting CPI by about 0.42 percentage points, of which gasoline and diesel prices fell by 15.4% and 16.2% respectively, while the two combined impact on CPI dropped by 0.36 percentage points.

Excluding food and energy prices, the core CPI rose 0.1%, or 0.1 percentage points from last month, up 1.5%, or the same as last month. Excluding pork prices, CPI rose by about 0.1%, an increase of about 1.3% compared with the same period last year, and overall stability.

　 Two, PPI rose marginally, year-on-year decline.

The PPI rose by 0.1%, the same as last month. Among them, the prices of production materials were flat; the price of living goods rose by 0.3%, or 0.2 percentage points lower than that of the previous month. According to the survey of 40 industrial sectors, there are 17 price increases, 1 less than last month, 16 decrease, 5 increase, 7 flat, 4 reduction. In the main industries, the oil and natural gas extraction industry rose by 0.8%; the oil, coal and other fuel processing industries increased by 0.4%; and the gas production and supply industry rose by 0.3%. The decline narrowed in the ferrous metal mining industry, a decrease of 0.5%, narrowing 1.9 percentage points from last month, ferrous metal smelting and calendering processing industry, 0.3%, narrowed by 1 percentage points, and coal mining and washing industry decreased by 0.1%, narrowing 0.1 percentage points. Agricultural and sideline products processing industry rose 1.8%, or the same as last month. Nonferrous metal smelting and calendering processing industry decreased by 0.3%.

From the year-on-year perspective, PPI fell by 1.6%, a 0.4 percentage point increase from last month. Among them, the prices of means of production dropped by 2.6%, the increase by 0.6 percentage points, and the price of living goods rose by 1.4%, or 0.3 percentage points. In the main industries, the oil and natural gas extraction industry increased by a decrease of 17.9%, an increase of 4.5 percentage points from last month. The oil, coal and other fuel processing industries decreased by 12%, expanding by 2.4 percentage points; chemical raw materials and chemical products manufacturing industry decreased by 6.2%, 0.7 percentage points increased; ferrous metal smelting and calendering processing industry decreased by 6.1%, and 0.3 percentage points were extended. The black metal ore mining industry increased by 12.5%, down 3.2 percentage points, and non-ferrous metal smelting and calendering processing industry rose 0.2%, down 0.8 percentage points. The coal mining and washing industry has declined by 1%. It is estimated that in October, the year-on-year decline of 1.6%, the impact of last year's price change is about -1.2 percentage points, the impact of the new price increase is about -0.4 percentage points.