On March 10, data released by the Guangdong Survey Team of the National Bureau of Statistics showed that the month-on-month increase in Guangdong’s CPI expanded in February, and the PPI increased from a month-on-month decline. Among them, food prices rose by 4.1% month-on-month, and pork prices fell by 1.5% month-on-month.
CPI▷▷The price of fresh vegetables rose month-on-month, and the price of pork fell by 1.5%
In February, affected by the Spring Festival factor and fluctuations in international energy prices, Guangdong’s CPI expanded month-on-month and fell year-on-year.
In terms of the chain index, the CPI rose by 1.0%, an increase of 0.5 percentage points from January. Among them, food prices rose by 4.1% month-on-month, an increase of 3.7 percentage points from January.
In terms of subdivision indicators, among food, the price of fresh vegetables increased by 18.7% month-on-month, the price of fresh fruit increased by 5.9%; the price of aquatic products increased by 5.7%; the price of livestock and meat increased by 0.9%, of which the price of pork decreased by 1.5% and the price of beef increased by 3.5%. .
In addition, non-food prices rose by 0.3% month-on-month, a decrease of 0.2 percentage points from January. Affected by fluctuations in international crude oil and precious metal prices, gasoline prices rose 6.2%, diesel prices rose 6.6%, liquefied petroleum gas prices rose 2.9%, platinum jewelry prices rose 4.5%, and gold jewelry prices rose 2.4%; The price of performance tickets rose by 8.8%; after the holiday, the prices of some services dropped, and the prices of air tickets, long-distance buses, housekeeping services, transportation rental fees, beauty salons and baths fell by 32.5%, 25.0%, 18.9%, 18.2% and 10.3% respectively.
In terms of the year-on-year index, the CPI rose by 1.5%, 0.2 percentage points lower than that in January. Food prices fell by 1.7% year-on-year, a decrease of 1.0 percentage points from January. Among food products, the price of pork dropped by 38.5%, and the price of other livestock meat and by-products dropped by 28.1%; the prices of freshwater fish, fresh vegetables, dried beans, fresh fungi and fresh fruits rose by 16.0%, 12.8%, 9.3%, 8.9% and 7.4% respectively. Non-food prices rose by 2.3% year-on-year, 0.4 percentage points lower than that in January.
According to estimates, in Guangdong’s 1.5% year-on-year CPI increase in February, the impact of last year’s price changes was about 0, and the impact of new price increases was about 1.5 percentage points. The core CPI, excluding food and energy prices, rose 1.2 percent year-on-year, 0.7 percentage points lower than that in January.
PPI▷▷The year-on-year increase slightly expanded, and the prices of petrochemical and other industries rose month-on-month
In February, affected by factors such as the rise in the prices of crude oil, non-ferrous metals and other international bulk commodities, the PPI increased from a month-on-month decrease, and the year-on-year increase slightly expanded.
In terms of the chain index, the PPI increased by 0.4% from a decrease of 0.4% in January. Among them, the price of means of production changed from a decrease of 0.8% in January to an increase of 0.6%; the price of means of living changed from an increase of 0.3% in January to flat.
According to expert analysis, the prices of 38 major industry categories surveyed by PPI were “23 up, 8 down and 7 flat” month-on-month. In terms of different industries, first, international crude oil prices and non-ferrous metal prices have risen, driving the prices of petrochemical-related industries and metal-related industries in Guangdong to rise by 1.7% and 0.6% respectively; second, the market electricity prices have risen, and some enterprises use electricity during peak hours. As demand increased, the prices of electricity, heat production and supply industries rose by 4.6%; third, the cement industry ushered in the traditional off-season, and cement manufacturing prices fell by 7.2%, 6.3 percentage points lower than that in January.
In terms of the year-on-year index, the PPI rose by 4.9%, an increase of 0.2 percentage points from January. Among them, the prices of means of production rose by 7.0%, an increase of 0.3 percentage points from January; the prices of means of living rose by 0.8%, the same increase as January.