In April 2019, CPI And PPI Rose Slightly, With A Slight Increase Compared With The Previous Year.

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

From the ring to see, CPI fell from 0.4% last month to 0.1%.

Among them, food prices fell by 0.1%, affecting CPI by about 0.01 percentage points; non food prices rose by 0.1%, affecting CPI rose by 0.09 percentage points.

In food, egg prices rebounded after 2 consecutive months of decline, rising by 3.3%; some fruit supplies were tight and fresh fruit prices rose by 2.6%; pork prices continued to rise, up 1.6%, due to factors such as the African swine plague.

The above three factors affect CPI's rise by about 0.11 percentage points.

In spring, the temperature is suitable, the supply of fresh vegetables is increased, the price has dropped by 4.5%, and the CPI has dropped by about 0.13 percentage points.

In non food, the number of travel personnel increased, the price of air tickets, scenic spots tickets and travel agency charges rose by 10.5%, 3.5% and 1.6% respectively. The total impact on CPI rose by 0.07 percentage points, and the price of gasoline and diesel decreased by 0.4% and 0.3% respectively, influenced by factors such as refined oil price adjustment.

From the year-on-year perspective, CPI rose 2.5%, or 0.2 percentage points from last month.

Among them, food prices rose 6.1%, affecting CPI rose by about 1.19 percentage points; non food prices rose by 1.7%, affecting CPI rose by 1.35 percentage points.

In food, the price of fresh vegetables is still at a high level, up 17.4% over the same period last year, affecting CPI's rise of about 0.43 percentage points, and pork prices rose by 14.4%, an increase of 9.3 percentage points from last month, which affected CPI's rise of about 0.31 percentage points. Last autumn, northern fruits were in short supply, the stock was insufficient this year, and the price of fresh fruit rose 11.9%, which affected CPI's rise by about 0.22 percentage points.

In non food, health care, educational culture, entertainment and living prices rose by 2.6%, 2.5% and 2% respectively, which together affected CPI's rise by about 0.93 percentage points.

It is estimated that in the 2.5% year-on-year increase in April, the price rise last year affected about 1.3 percentage points, and the new price increase affected about 1.2 percentage points.

Two, PPI ring ratio, year-on-year gains have been slightly expanded.

The PPI rose 0.3%, or 0.2 percentage points from last month.

Among them, the price of producer goods rose by 0.4%, an increase of 0.2 percentage points from last month, and the price of living goods rose from 0.2% to 0.2% last month.

According to the survey of 40 industrial sectors, 28 prices rose, 16 more than last month.

In major industries, the black metal smelting and calendering processing industry expanded by 2.1%, an increase of 1 percentage points from last month, and an increase of 0.2% percentage points in the processing industry of agricultural and sideline products, an increase of 0.1 percentage points.

The oil and natural gas extraction industry rose by 3.6%, down 2 percentage points, and oil, coal and other fuel processing industries rose 1.3%, down 1 percentage points.

The chemical raw materials and chemical products manufacturing industry rose by 0.3%, and the non-metallic mineral products industry rose by 0.1%.

The decline in the expansion of gas production and supply industry, a decrease of 1.4%, an increase of 1.1 percentage points; coal mining and washing industry, down 0.5%, an increase of 0.4 percentage points.

From the year-on-year perspective, PPI rose 0.9%, or 0.5 percentage points from last month.

Among them, the price of producer goods rose by 0.9%, an increase of 0.6 percentage points from last month, and the price of living goods rose by 0.9%, an increase of 0.4 percentage points from last month.

In the main industries, the oil and natural gas extraction industry increased by 10.1%, an increase of 0.4 percentage points from last month. The oil, coal and other fuel processing industries increased by 4.2%, expanding by 0.7 percentage points; the non-metallic mineral products industry rose 3.7%, and expanded 0.1 percentage points; the coal mining and washing industry increased by 1.9%, and expanded by 0.5 percentage points.

The black metal smelting and calendering processing industry rose by 2.4%; the rubber and plastic products industry rose 0.1%.

The decline narrowed in the chemical raw materials and chemical products manufacturing industry, down 1.9%, narrowed by 0.6 percentage points, non-ferrous metal smelting and calendering processing industry, 0.4%, narrowed by 0.7 percentage points.

It is estimated that in the 0.9% year-on-year increase in April, the price rise last year had an effect of about 1.1 percentage points, and the new price increase would affect about -0.2 percentage points.