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Interpretation of national statistical offices May CPI, PPI data, fiberglass industry or increase the percentage

Edit:Ningbo CiHeng Fiberglass Co.,Ltd  UpDate:2015-06-09

5 月份 CPI Chain drop slightly, PPI Sequential decline narrowed

--Senior Statistician of the NBS City Division Yu Qiumei interpretation May 2015 CPI, PPI data

NBS May 2015 national resident consumption price index (CPI) and industrial producer prices index (PPI) data shows that CPI fell 0.2%, up 1.2%;PPI fell 0.1%, down 4.6%. In this regard, the Senior Statistician of the NBS City Division Yu Qiumei explains.

First, consumer prices fell, jumped down

From the chain May change CPI has four characteristics. First, seasonal factors affecting some decline in fresh food prices. Prices of fresh vegetables, fruit and eggs respectively, and 9.2% and 1.2%, total impact CPI decreased 0.39%, more than total CPI fell for the month. Second, restorative rise in pork prices. Early low pork prices, feed prices and labor costs rise, some farmers reduced hog stock, leading to tight pork supplies, rose 2.7%, affecting the CPI rose 0.08%. Third, policy factors affect tobacco price increases. From May 10, have raised cigarette prices wholesale link rates and imposing a specific duty, with varying degrees of increase in tobacco prices, national tobacco prices 3.6%, affecting the CPI rose 0.06%. Four are international factors leading to auto diesel prices rebounded slightly. International crude oil prices rebound effect, gasoline and diesel prices rose 5.7% and 6.5%, respectively, affecting the CPI rose 0.05%.

Compared with May CPI inflation fell last month compared with 0.3%, part per cent decline is obvious. Pork, fresh vegetables, family services price inflation fell 3.0, 0.7, and 0.2%, respectively; rising air tickets, the prices of fresh fruits from turning down; egg prices fell by expanding 9.5%. A portion of the goods and services price inflation remains high, registration fee, family service, fresh food and the prices of pre-primary education, 8.6%, 9.8% and 5.6%, respectively.

Second, the decline in industrial producer prices from the narrow, per cent decline last month, with the same

In May, the industrial producer prices fell 0.1%, 0.2% decline was narrower than last month. Mainly because he was reverted by drop in oil prices, rising this month from last month fell 1.5% to 3.6%; the second is part of the industrial price increases to expand, oil and gas, non-ferrous metal smelting and rolling processing, chemical raw materials and chemical prices rose, and 4.4% and 0.7%, respectively by 3.2 per cent last month, 0.6, and 0.2%.

In May, industrial production prices fell 4.6%, per cent decline was the same with the previous month. By sector, oil and natural gas extraction, petroleum processing, smelting and pressing of ferrous metals processing, coal mining and washing prices decreased respectively 36.1%, 18.6%, 15.7% and 14%, total impact factory price index of industrial production in the month fell by about 2.9%.

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