Interpretation: In March 2019, CPI And PPI Were Running Smoothly.

The National Bureau of statistics released today's March 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. The CPI ratio has increased from an upward trend to a year-on-year increase.

From the link, CPI rose from 1% last month to 0.4%.

Among them, food prices rose from 3.2% last month to 0.9%, affecting CPI by about 0.19 percentage points. Non food prices rose from 0.4% last month to 0.2%, affecting CPI by 0.18 percentage points.

In food, some of the fresh food prices drop later.

The prices of eggs, aquatic products and fresh vegetables decreased by 6%, 3.6% and 2.6% respectively, and beef, mutton and chicken prices dropped by 1.8%, 1.7% and 1.6% respectively. The six items together reduced the CPI by about 0.21 percentage points. The incidence of African swine plague was slowing down, and the price of pork was rising and falling all over the country. The average increase in the country was 1.2%, which affected CPI's rise by about 0.03 percentage points.

In non foodstuffs, the number of trips decreased, and the prices of air tickets, travel agents and hotel accommodation decreased by 15.9%, 11.1% and 1.5%, respectively. The total impact of CPI dropped by about 0.25 percentage points. Migrant workers returned to the city, the labor force increased, vehicle repair and maintenance, housekeeping services and hairdressing prices fell by 5.3%, 4.1% and 3.9% respectively; refined oil two times price adjustment, gasoline and diesel prices rose 3.6% and 4% respectively; clothing changed season and prices rose 0.6%.

From the year-on-year perspective, CPI rose 2.3%, or 0.8 percentage points from last month.

Among them, food prices rose 4.1%, affecting CPI rose by about 0.82 percentage points, non food prices rose 1.8%, affecting CPI rose by 1.46 percentage points.

In food, spring is the low season for vegetables to list. In addition, under the influence of low temperature and rainy weather, the price of fresh vegetables has increased rapidly, rising 16.2% compared to the same period last year, which affected CPI's rise of about 0.42 percentage points, and pork prices rose 5.1%, the first time it turned up for 25 months after the same period of last year, which affected CPI's rise by about 0.12 percentage points.

In non food, health care, education, culture and entertainment, living prices rose by 2.7%, 2.4% and 2.1% respectively, which together affected CPI's rise by about 0.94 percentage points.

It is estimated that in the 2.3% year-on-year increase in March, the impact of the price change last year was about 1.1 percentage points, and the impact of the new price increase was about 1.2 percentage points.

Two, the PPI ring ratio rose from a downward trend, a slight increase in the same period last year.

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

Among them, the price of producer goods changed from flat to 0.2% last month, and the price of living goods changed from last month to flat.

In major industries, the oil and natural gas extraction industry increased by 5.6%, an increase of 0.6 percentage points from last month. The oil, coal and other fuel processing industries rose 2.3%, expanding by 1.4 percentage points; ferrous metal smelting and calendering processing industry rose 1.1%, expanding 0.8 percentage points.

The decline narrowed in the computer, telecommunications and other electronic equipment manufacturing industry, down 0.2%, narrowed by 0.6 percentage points; electrical machinery and equipment manufacturing industry, down 0.1%, narrowed 0.3 percentage points.

The price of auto industry changed from last month to flat.

Coal mining and washing industry prices fell by 0.1%, the same as last month.

From the year-on-year perspective, PPI rose 0.4%, or 0.3 percentage points from last month.

Among them, the price of producer goods changed from last month's decline to 0.3%, and the price of living goods rose by 0.5%, or 0.1 percentage points higher than that of last month.

In major industries, oil and natural gas extraction industry rose by 9.7%, and oil, coal and other fuel processing industries increased by 3.5%.

The decline narrowed in the electrical machinery and equipment manufacturing industry, down 1.8%, narrowing 0.2 percentage points from last month. Ferrous metal smelting and calendering processing industry decreased by 1.5%, narrowed by 0.5 percentage points; automobile manufacturing industry decreased by 0.6%, narrowing 0.1 percentage points.

In addition, prices of computers, telecommunications and other electronic equipment manufacturing industry rose 0.2%, or 0.1 percentage points higher than last month.

It is estimated that in the 0.4% year-on-year increase in March, the impact of the price change last year was about 0.9 percentage points, and the new price increase was about -0.5 percentage points.