National Bureau of Statistics: PPI in chemical raw materials and chemicals manufacturing fell 4.3% in January

January 10, the National Bureau of Statistics released the National CPI (Consumer Price Index) and PPI (Factory Price Index for Industrial Producers) data for January 2020In this regard, the National Bureau of Statistics, the City Division of senior statistician Dong Lixuan carried out an interpretation, CPI increased from flat to flat, year-on-year increase expanded
from the month-on-month point of view, CPI from the flat last month to rise 1.4%, mainly affected by the Spring Festival and the new coronavirus infection of pneumoniaAmong them, food prices rose by 4.4% from a 0.4% decline last month, affecting cpi inflation by about 0.96 percentage points, while non-food prices rose by 0.6%, an increase of 0.5 percentage points over the previous month, affecting CPI inflation by about 0.43 percentage pointsIn food, fresh vegetables and pork prices rose 15.3 per cent and 8.5 per cent, respectively, while fresh fruit and aquatic products rose 5.5 per cent and 4.5 per cent, respectivelyEggs, chicken and duck were plentiful, with prices falling by 3.7 per cent, 1.7 per cent and 1.0 per cent, respectivelyAmong non-food products, affected by the return of urban migrant workers before the Spring Festival, some service prices increased significantly, including hairdressing, domestic services, vehicle repair and maintenance prices increased by 5.2%, 4.7% and 4.6%, respectivelyAffected by the price adjustment of refined oil products in the previous period, the prices of gasoline and diesel rose by 2.7% and 3.0% respectivelyyear-on-year, CPI rose 5.4%, an increase of 0.9 percentage points from the previous monthThe year-on-year increase was not only the impact of the Spring Festival and the outbreak of new crown pneumonia, but also the factors of this year's year and last year's Spring Festival wrong month, compared with last year's lower baseAmong them, food prices rose by 20.6%, an increase of 3.2 percentage points, affecting CPI increases of about 4.10 percentage points, non-food prices rose by 1.6%, an increase of 0.3 percentage points, affecting CPI increases of about 1.29 percentage pointsAmong food, fresh fruit prices fell 5.0 per cent for the fourth consecutive month, eggs rose 2.8 per cent, down 4.5 percentage points, beef, lamb, chicken and duck prices fell by 10.4 per cent to 20.2 per cent, with pork prices rising 116.0 per cent and fresh vegetables rising 17.1 per centAmong non-food, health care, education, culture and recreation, transportation and communications prices rose by 2.3 per cent, 2.2 per cent and 0.9 per cent, respectivelyCore CPI, which excludes food and energy prices, rose 1.5 percent year-on-year, up 0.1 percentage point from the previous monthIt is estimated that in January's 5.4% year-on-year increase, last year's price changes in the tail-end impact of about 4.0 percentage points, the impact of the new price increase is about 1.4 percentage pointsin January, Hubei CPI rose 1.5% month-on-month, up 5.5% year-on-year, roughly equivalent to the national market, reflecting the local market to maintain stable prices in the relevant support to achieve positive results second, PPI flat month-on-month, year-on-year from decline to rise
from month-on-month, the national PPI for two consecutive months flat Among them, the prices of means of production and means of living were flat Looking at the 40 industrial sectors surveyed, prices rose by 17, down 18 and flat at 5 Among the major sectors, oil and gas extraction rose 4.3 per cent, up 0.5 percentage points from the previous month, while oil, coal and other fuels processing industries rose 1.8 per cent, or 1.1 percentage points The rise and fall were in the ferrous metal smelting and rolling processing industry, down 0.6%, while the non-metallic mineral products industry fell 0.1% The decline was narrowed by coal mining and washing, down 0.6 per cent and narrowing by 0.2 percentage points, while in the chemical raw materials and chemicals manufacturing sector, which fell 0.4 per cent and narrowed by 0.4 percentage points Non-ferrous metal smelting and rolling processing industry rose from a decline, up 0.6% year-on-year, ppi rose 0.1 percent from a 0.5 percent decline last month Among them, the price of means of production decreased by 0.4% and the price of means of living rose by 1.3% Among the major sectors, oil and gas extraction rose 17.5 per cent, up 11.7 percentage points from the previous month, while non-ferrous metals smelting and rolling processing industries rose 2.4 per cent, or 1.3 percentage points Oil, coal and other fuels were up 4.6 per cent, while ferrous metal smelting and rolling processing industries rose 0.7 per cent Coal mining and washing fell 4.1 percent, or 0.5 percentage points The manufacturing of chemical raw materials and chemicals fell by 4.3%, a decline of 0.9 percentage points It is estimated that the 0.1% year-on-year increase in January was the tail-end effect of last year's price movement