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CPI up 2.9% in 2019, PPI down 0.3%

CPI rose 4.5% year-on-year in December PPI fell 0.5% year-on-year

In December 2019, the national consumer price rose 4.5% year-on-year, which was flat month-on-month. The ex-factory price of industrial producers nationwide fell by 0.5% year-on-year, which was flat month-on-month. For the whole of 2019, the national consumer price rose by 2.9% over the previous year, and the factory price of industrial producers fell by 0.3% over the previous year.
Ministry of Finance of China Economic Net
Headlines
Bureau of Statistics interpretation: December 2019 CPI increase steady PPI decline narrowed
The National Bureau of Statistics released today the national CPI (residential consumer price index) and PPI (industrial producer price index) data for December 2019. In this regard, Shen Yan, a senior statistician in the Urban Department of the National Bureau of Statistics, interpreted it. From a month-on-month basis, the CPI has remained flat from a 0.4% increase last month. Among them, food prices rose from a 1.8% increase last month to a 0.4% decrease, which affected the CPI by about 0.08 percentage points. In food, with the positive changes in hog production, central and local reserves of pork have been put on the market, imports have increased, and pork supply tensions have eased further. Prices have increased from a 3.8% increase last month to a 5.6% decrease, affecting a CPI decline of approximately 0.27. Percentage points.
Ex-factory prices of industrial producers fell by 0.5% in December 2019
In December 2019, the ex-factory price of industrial producers nationwide fell by 0.5% year-on-year, unchanged from the previous month; the purchase price of industrial producers fell by 1.3%, year-on-year. For the whole of 2019, the ex-factory price of industrial producers decreased by 0.3% over the previous year, and the purchase price of industrial producers decreased by 0.7%.
Consumer prices for December 2019 rose 4.5% year-on-year
In December 2019, the national consumer price rose 4.5% year-on-year. Among them, cities rose 4.2%, rural areas 5.3%; food prices rose 17.4%, non-food prices rose 1.3%; consumer goods prices rose 6.4%, and service prices rose 1.2%. In December, consumer prices nationwide remained flat. Among them, cities remained flat, rural areas fell 0.1%; food prices fell 0.4%, and non-food prices rose 0.1%; consumer goods and services prices remained flat.
Multiple agencies predict that CPI will remain flat or slightly up in December 2019
Many agencies predict that in terms of food, the overall price of meat will fall in December 2019, but the price of vegetables and fruits will strengthen in the winter, and non-food will be affected by the recent rise in oil prices. In addition to the base reasons, the CPI will remain flat or slightly increase year-on-year. % To 4.8%. Looking forward to 2020, the agency believes that starting from the second quarter, especially the second half of the year, the CPI may enter a year-on-year decline cycle.
related data
November CPI rose 4.5% year-on-year
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In November 2019, the national CPI (Consumer Consumer Price Index) rose by 4.5% year-on-year and 2.8% month-on-month. PPI (industrial producers leave ...
October CPI rose 3.8% year-on-year
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In October 2019, the consumer price index and the ex-factory price index of industrial producers were released. The CPI rose by 3.8% year-on-year and 0.9% month-on-month ...
September CPI rose 3.0% year-on-year
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In September, national CPI and PPI data showed that September CPI rose 3.0% year-on-year, and rose 0.9% month-on-month, with pork prices rising 69.3% year-on-year. September PP ...