Consumer prices rose 2.1% year-on-year in October 2022, up 0.1% from a year earlier
In October 2022, consumer prices rose 2.1% year-on-year nationwide. Among them, urban rose by 2.0%, rural rose by 2.5%; food prices rose by 7.0%, non-food prices rose by 1.1%; consumer prices rose by 3.3%, service prices rose by 0.4%.1 - October average, the national consumer prices rose by 2.0% compared to the same period of the previous year.
October, the national consumer prices rose 0.1% from a year earlier. Among them, urban flat, rural rose 0.1%; food prices rose 0.1%, non-food prices flat; consumer prices rose 0.1%, service prices flat.
All kinds of goods and services prices year-on-year changes
October, food, tobacco and alcohol prices rose 5.2% year-on-year, affecting the CPI (consumer price index) rose about 1.43 percentage points. Food, livestock and meat prices rose 23.6%, affecting the CPI rose about 0.72 percentage points, of which pork prices rose 51.8%, affecting the CPI rose about 0.64 percentage points; fresh fruit prices rose 12.6%, affecting the CPI rose about 0.23 percentage points; egg prices rose 11.8%, affecting the CPI rose about 0.08 percentage points; grain prices rose 3.6%, affecting the CPI rose about 0.06 percentage points; aquatic products prices rose 2.8%, affecting the CPI rose about 0.05 percentage points; fresh vegetables prices fell 8.1%, affecting the CPI fell about 0.19 percentage points.
Other seven categories of prices year-on-year six rose and one fell. Among them, transportation and communication, other supplies and services, living goods and services prices rose 3.1%, 1.9% and 1.4%, education, culture and entertainment, clothing, health care prices rose 1.2%, 0.5% and 0.5%; residential prices fell 0.2%.
Second, all kinds of goods and services price changes
October, food, tobacco and alcohol prices rose 0.2%, affecting the CPI rose about 0.04 percentage points. Food, livestock and meat prices rose 5.2%, affecting the CPI rose about 0.18 percentage points, of which pork prices rose 9.4%, affecting the CPI rose about 0.16 percentage points; egg prices rose 2.2%, affecting the CPI rose about 0.02 percentage points; fresh vegetables prices fell 4.5%, affecting the CPI fell about 0.10 percentage points; aquatic products prices fell 2.3%
The price of fresh vegetables decreased by 4.5%, affecting the CPI by about 0.10 percentage points; the price of aquatic products decreased by 2.3%, affecting the CPI by about 0.05 percentage points; the price of fresh fruit decreased by 1.6%, affecting the CPI by about 0.03 percentage points.
The other seven major categories of prices ring four up, one flat and two down. Among them, other supplies and services, clothing prices rose 0.4% and 0.3%, living supplies and services, education, culture and entertainment prices rose 0.3% and 0.2%; health care prices were flat; transportation and communication, residential prices fell 0.4% and 0.1%.
Notes
1. Explanation of Indicators
ConsumerPriceIndex (CPI) is a relative measure of the change in the price level of consumer goods and services over time, which comprehensively reflects the change in the price level of consumer goods and services purchased by residents.
2. Scope of Statistics
The CPI survey covers the prices of food, tobacco and alcohol, clothing, housing, daily necessities and services, transportation and communication, education, culture and entertainment, health care, other goods and services, and other goods and services, which are classified into 8 major categories and 268 basic classifications.
3. Survey Methods
The survey outlets were selected by sampling method, and in accordance with the principle of "fixed person, fixed point, fixed time", people were sent directly to the survey outlets or from the Internet to collect raw prices. Data from about 500 cities and counties in 31 provinces (autonomous regions and municipalities) across the country, nearly 100,000 price survey points, including shopping malls (stores), supermarkets, farmers markets, service outlets and Internet e-commerce.
4. Data description
Due to "rounding", sometimes the aggregate data and the categorized data have the same high or low values.
In October 2022, industrial producer factory prices fell 1.3% year-on-year and rose 0.2% year-on-year
In October 2022, industrial producer factory prices fell 1.3% year-on-year and rose 0.2% year-on-year, while industrial producer purchase prices rose 0.3% year-on-year and rose 0.3% year-on-year.
In the period of January through October, the average industrial producer factory prices fell 1.3% year-on-year and rose 0.2% year-on-year. month average, industrial producer factory prices rose 5.2% over the same period last year, industrial producer purchase prices rose 7.5%.
I. Year-on-year changes in industrial producer prices
Industrial producer factory prices, prices of production materials fell 2.5%, affecting the total level of industrial producer factory prices fell about 1.81 percentage points. Among them, extractive industry prices fell 6.7%, raw material industry prices rose 1.2%, processing industry prices fell 3.5%. Prices of means of living rose by 2.2%, affecting the total level of industrial producer factory prices by about 0.51 percentage points. Among them, food prices rose 4.6 percent, clothing prices rose 2.5 percent, general daily necessities prices rose 1.6 percent, and consumer durables prices rose 0.2 percent.
Industrial producer purchase prices, agricultural and sideline products prices rose 11.1%, fuel and power prices rose 7.3%; ferrous metal materials prices fell 12.3%, construction materials and non-metallic prices fell 5.1%, non-ferrous metal materials and wire prices fell 4.9%, chemical raw materials prices fell 2.8%.
Second, industrial producer price changes in the ring
Industrial producer factory prices, prices of production materials rose 0.1%, affecting the total level of industrial producer factory prices rose about 0.07 percentage points. Among them, extractive industry prices rose 1.0%, raw materials industry prices fell 0.1%, processing industry prices rose 0.1%. Prices of means of living rose by 0.5%, affecting the total level of factory prices of industrial producers rose by about 0.14 percentage points. Among them, food prices rose 0.6 percent, clothing prices rose 0.5 percent, general daily necessities prices rose 0.3 percent, and consumer durables prices rose 0.7 percent.
Industrial producer purchase prices, ferrous metal materials prices fell 1.0%, chemical raw materials prices fell 0.1%; agricultural and sideline products prices rose 1.4%, fuel and power prices rose 1.1%, construction materials and non-metallic prices rose 0.5%, non-ferrous metal materials and wire prices rose 0.3%.
Notes
1. Explanation of Indicators
Industrial Producer Price Index (IPPI) includes ProducerPriceIndexforIndustrialProducts(PPI) and Purchase Price Index for Industrial Producers (PPI).
The Producer Price Index for Industrial Products reflects the trend and magnitude of change in the ex-factory price of products sold for the first time by industrial enterprises.
The purchasing price index of industrial producers reflects the trend of change and the rate of change in the purchasing prices of products used as intermediate inputs by industrial enterprises.
2. Scope of statistics
The statistical survey of industrial producer factory prices covers 40 industrial industry categories, more than 1,300 basic classified prices of industrial products; industrial producer purchasing price statistical survey covers 9 categories, more than 800 basic classified prices of industrial products.
3. Survey methodology
Industrial producer price survey to take the focus of the survey and a combination of typical survey methodology, involving more than 40,000 industrial enterprises.
4. Statistical Standards
The standard for industrial sector division is based on the National Economic Industry Classification (GB/T4754-2017).
5. Data Description
Due to the reason of "rounding", there may be cases where the total data and the classified data have the same high or low values.
Statistics Bureau interpretation: 2022 October CPI year-on-year increase fell PPI year-on-year from up to down
The National Bureau of Statistics (NBS) today released 2022 October national CPI (consumer price index) and PPI (industrial producer price index) data. In this regard, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics (NBS), made an interpretation.
One, CPI chain and year-on-year rate of increase have fallen
October, by the post-holiday consumer demand drop, the same period last year compared to the base of higher factors, consumer price increases have fallen.
From the ring, CPI rose 0.1%, or 0.2 percentage points lower than last month. Among them, food prices rose 0.1%, or 1.8 percentage points lower than last month, affecting the CPI rose about 0.01 percentage points. Food, fruits and vegetables and aquatic products in large quantities, coupled with post-holiday consumer demand has fallen, fresh vegetables, fresh fruit and aquatic products prices have turned from up to down, respectively, down 4.5%, 1.6% and 2.3%; by the pig production cycle, short-term pressure on the fence to sell and the impact of factors such as the peak season of pork consumption, pork prices rose by 9.4%, or 4.0 percentage points over the last month to expand. Non-food prices continued to be flat. Non-food, industrial consumer prices continued to be flat. Among them, changes in international oil prices affect domestic gasoline and diesel prices fell 1.2% and 1.3%; fall and winter clothing on the market, clothing prices rose 0.3%. Service prices from the previous month fell 0.1% to flat.
From the year-on-year point of view, the CPI rose 2.1%, or 0.7 percentage points lower than last month. The year-on-year rate of increase fell more, mainly by the comparison of the same period last year base higher impact. Among them, food prices rose 7.0%, or 1.8 percentage points lower than last month, affecting the CPI rose about 1.26 percentage points. Food, fresh vegetables prices rose 12.1% from last month to a decline of 8.1%; fresh fruit prices rose 12.6%, or 5.2 percentage points lower than last month; pork prices rose 51.8%, or 15.8 percentage points higher than last month; driven by rising pork prices, eggs and poultry prices rose 12.7% and 8.3%, respectively, the rate of increase have been expanded. Non-food prices rose 1.1%, or 0.4 percentage points lower than last month, affecting the CPI rose about 0.88 percentage points. Non-food, industrial consumer prices rose 1.7%, or 0.9 percentage points lower than last month, of which gasoline, diesel fuel and liquefied petroleum gas prices rose 12.5%, 13.5% and 5.6%, respectively, the rate of increase are down more; service prices rose 0.4%, or 0.1 percentage points lower than last month.
According to estimates, in the 2.1% year-on-year CPI increase in October, the tailwind of last year's price changes was about 0.1 percentage points, and the impact of new price increases was about 2.0 percentage points. Core CPI, which excludes food and energy prices, rose 0.6 percent year-on-year, the same rate as last month.
Second, the PPI rose slightly, year-on-year from up to down
October, part of the industry demand has increased, the national PPI rose slightly, but by the same period last year compared to the impact of a higher base, year-on-year from up to down.
From a year-on-year perspective, the PPI went up 0.2 percent from a 0.1 percent decline in the previous month. Means of production prices from a decline of 0.2% to a rise of 0.1%; means of living prices rose 0.5%, an increase of 0.4 percentage points. Oil-related industry prices continued to decline, including oil and gas extraction prices fell 2.2%, chemical fiber manufacturing prices fell 0.7%, oil coal and other fuel processing industry prices fell 0.6%. Demand for winter coal storage improved, coal mining and washing industry prices rose 3.0%, an increase of 2.5 percentage points. Affected by rising cement prices, prices in the non-metallic mineral products industry turned from a decline of 0.4% to a rise of 0.6%. In addition, ferrous metal smelting and rolling processing industry prices fell by 0.4%, the rate of decline narrowed by 1.3 percentage points; agricultural food processing industry prices rose by 1.4%, computer communications and other electronic equipment manufacturing industry prices rose by 0.9%, the rate of increase have been expanded.
From the year-on-year point of view, PPI rose 0.9% from the previous month to a decline of 1.3%, mainly by the same period last year compared to the higher base impact. Means of production prices from rising 0.6% to a decline of 2.5%; means of living prices rose 2.2%, an increase of 0.4 percentage points. Survey of 40 industrial industry categories, prices rose in 27, 3 less than last month. In the major industries, the price decline expanded: ferrous metal smelting and rolling processing industry fell 21.1%, expanding 3.1 percentage points; coal mining and washing industry fell 16.5%, expanding 13.8 percentage points; non-ferrous metal smelting and rolling processing industry fell 7.8%, expanding 3.4 percentage points. Prices from up to down: chemical raw materials and chemical products manufacturing industry from rising 1.0% to a decline of 4.4%; chemical fiber manufacturing industry from rising 3.1% to a decline of 1.1%. Price drop: oil and gas mining industry rose 21.0%, down 10.1 percentage points; oil, coal and other fuel processing industry rose 8.6%, down 8.6 percentage points. Agricultural food processing industry rose 8.7%, an increase of 1.3 percentage points.
It is estimated that in the 1.3% year-on-year PPI decline in October, the tailwind effect of last year's price changes was about -1.2 percentage points, and the impact of new price increases was about -0.1 percentage points.
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