China's CPI remained unchanged year-on-year in September, with two instances of zero growth and one negative growth within the year
我放心你带套猛
发表于 2023-10-14 01:15:15
271
0
0
According to data released by the National Bureau of Statistics of China on Friday, the Consumer Price Index (CPI) in September turned flat from a year earlier, lower than market expectations; This is mainly affected by the higher base compared to the same period last year.
Previously, China's CPI rose 0.1% year-on-year in August, breaking free from last month's negative growth, but still lower than market expectations. The year-on-year decrease in CPI in July was 0.3%, indicating another negative growth since February 2021. In June, it remained unchanged year-on-year.
According to Wind data, in February and January 2021, China's CPI decreased by 0.2% and 0.3% year-on-year, respectively; In November 2020, the CPI decreased by 0.5% year-on-year.
Since the beginning of this year, CPI has continued to decline, with year-on-year growth rates of 2.1%, 1.0%, and 0.7% from January to March, respectively. It began to decline to near zero growth levels in April.
According to data released by the National Bureau of Statistics of China on Friday, the Consumer Price Index (CPI) in September turned flat from a year earlier, lower than market expectations; This is mainly affected by the higher base compared to the same period last year.
Previously, China's CPI rose 0.1% year-on-year in August, breaking free from last month's negative growth, but still lower than market expectations. The year-on-year decrease in CPI in July was 0.3%, indicating another negative growth since February 2021. In June, it remained unchanged year-on-year.
According to Wind data, in February and January 2021, China's CPI decreased by 0.2% and 0.3% year-on-year, respectively; In November 2020, the CPI decreased by 0.5% year-on-year.
Since the beginning of this year, CPI has continued to decline, with year-on-year growth rates of 2.1%, 1.0%, and 0.7% from January to March, respectively. It began to decline to near zero growth levels in April.
In 2022, China's CPI increased by 2.0% year-on-year, reaching a high of 2.8% in September, the highest level since April 2020. In April 2020, the CPI increased by 3.3% year-on-year.
The CPI in September was slightly lower than market expectations. The median expectation of economists surveyed by The Wall Street Journal shows that the CPI may increase by 0.2% year-on-year in September.
Dong Lijuan, a senior statistician from the City Department of the National Bureau of Statistics, explained that from a month on month basis, the CPI rose by 0.2%, a decrease of 0.1 percentage points from the previous month.
Among them, food prices increased by 0.3%, a decrease of 0.2 percentage points compared to the previous month, affecting the CPI increase by about 0.06 percentage points. The market supply is sufficient before the Mid Autumn Festival and National Day, and the increase in food prices is slightly lower than the historical average level during the same period. In food, the prices of fresh vegetables and eggs have increased by 3.3% and 3.2% respectively; The prices of pork, fresh fruits, and poultry are basically stable.
Non food prices rose by 0.2%, the same increase as last month, affecting a CPI increase of approximately 0.14 percentage points. The price of industrial consumer goods increased by 0.5%, an increase of 0.1 percentage points compared to the previous month. Affected by the upward trend in international oil prices, domestic gasoline prices increased by 2.4%. The service price has decreased by 0.1% from a 0.1% increase last month.
From a year-on-year perspective, the CPI increased by 0.1% from the previous month and remained unchanged.
Among them, food prices decreased by 3.2%, an increase of 1.5 percentage points compared to the previous month, mainly due to the higher food prices compared to the same period last year, which affected the CPI decrease by about 0.60 percentage points. The prices of pork and fresh vegetables have decreased by 22.0% and 6.4% respectively, with an increase of 4.1 and 3.1 percentage points. The total impact on the CPI decline is about 0.51 percentage points, accounting for nearly 90% of the total decrease in food prices.
Non food prices increased by 0.7%, with an increase of 0.2 percentage points, affecting a CPI increase of approximately 0.57 percentage points. Among non food products, the price of industrial consumer goods decreased by 0.3%, narrowing by 0.5 percentage points. The service price has increased by 1.3%, the same increase as last month.
According to calculations, in the year-on-year changes in CPI in September, the tailgating effect was approximately -0.2 percentage points, compared to 0.2 percentage points in the previous month
The new impact of price changes this year is about 0.2 percentage points, compared to -0.1 percentage points last month. The core CPI, excluding food and energy prices, increased by 0.8% year-on-year, the same increase as last month.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Eugene Qian, head of UBS China, will step down
- Bristol Myers Squibb's original tumor treatment drug Abraxane has been officially launched in China
- 100% additional tax! Canada takes action against Chinese electric vehicles, China Chamber of Commerce responds! Tesla has taken action
- LeXin releases consumer protection report: 148 million data security attacks intercepted within the year
- Mercedes Benz invests another 14 billion yuan to deepen its layout in China and enrich its "Made in China" product lineup with "Chinese speed"
- Business Headline No.41 | IBM's Defeat in China
- Logitech Global CEO visits China three times this year: China is a particularly innovative and trendy market
- The producer of 'The Voice of China' sues Pepsi China for reputation infringement, and the case is scheduled to be heard in court on September 27th
- Chinese manufacturers compete with Apple to enter the era of 'autonomous driving' for AI smartphones
- The annual increase reached 1123%! Chinese and American pharmaceutical companies collaborate to defeat 'global pharmaceutical king' CEO, bluntly stating 'we are on the right side'
-
每经AI快讯,据亿航智能官微消息,公司EH216-S无人驾驶电动垂直起降航空器(eVTOL)获得巴西国家民航局颁发的试验飞行许可证书,并计划在巴西进行测试和试飞。关于EH216-S无人驾驶eVTOL在巴西的认证,中国民航局 ...
- 潇湘才子
- 昨天 08:41
- 支持
- 反对
- 回复
- 收藏
-
今年7月,美国三大海外“债主”所持美国国债齐刷刷缩水,其中日本美债持仓已降至去年10月以来最低。 根据美国财政部当地时间9月18日公布的国际资本流动报告(TIC),2024年7月,美国前三大海外“债主”日本 ...
- 520hacker
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者俞立严)9月19日,蔚来全新品牌乐道的首款车型——乐道L60正式上市。新车定位家庭智能电动SUV,在采用BaaS电池租用服务后,L60的售价可低至14.99万元,电池租用月费最低为599元。乐道L6 ...
- anhao007
- 前天 11:03
- 支持
- 反对
- 回复
- 收藏
-
每经记者袁园 日前,国务院印发的《关于加强监管防范风险推动保险业高质量发展的若干意见》提出,以新能源汽车商业保险为重点,深化车险综合改革。 “车险综改”从2015年就已经开始逐步推进了,经过 ...
- moshulong
- 前天 21:50
- 支持
- 反对
- 回复
- 收藏