简体中文
China's consumer price index (CPI) and producer price index (PPI), rose 1.9 percent and 6.9 percent year on year in October respectively, according to the data released by National Bureau of Statistics (NBS) on Thursday.
Mild increase in CPI on monthly basis
The pace of CPI, a main gauge of inflation, accelerated from September's 1.6 percent. On a monthly basis, the index was up 0.1 percent, showing a stable trend, according to NBS.
Food price is a major component of CPI. The prices of fresh fruits and fresh vegetables rose 0.7 percent and 0.4 percent respectively. After the National Day holiday, the demand dropped. The price of eggs dropped 5.4 percent. The prices of seafood and pork dropped 0.6 percent and 0.1 percent respectively.
Non-food prices rose 0.1 percent, an increase of 0.4 percentage points from the previous month.
Among them, the prices of energy products such as diesel, gasoline and liquefied petroleum gas increased by 3.4 percent, 3.2 percent, and 2.3 percent respectively. It was as a whole a 0.08 percentage point increase in the CPI.
Apparel seasons, clothing prices rose 0.5 percent, affecting the CPI to rise 0.04 percentage points.
Air tickets, travel agency fees fell 9.1 percent and 2.7 percent, respectively, impacting the CPI falling about 0.08 percentage points in total.
PPI increase slowed from last month
PPI, which measures costs for goods at the factory gate, dropped 0.3 percentage points from last month.
The price of means of production rose 0.9 percent, down 0.4 percentage point from the previous month; the price of living materials rose 0.1 percent, the same for three consecutive months.
Concerning major industries, the oil and natural gas exploration industry and oil processing industry increased by 5.1 percent and 3.2 percent respectively.
Non-food prices rose 0.1 percent, an increase of 0.4 percentage points from the previous month.
Among them, the prices of energy products such as diesel, gasoline and liquefied petroleum gas increased by 3.4 percent, 3.2 percent, and 2.3 percent respectively. It was as a whole a 0.08 percentage point increase in the CPI.
Apparel seasons, clothing prices rose 0.5 percent, affecting the CPI to rise 0.04 percentage points.
Air tickets, travel agency fees fell 9.1 percent and 2.7 percent, respectively, impacting the CPI falling about 0.08 percentage points in total.
PPI increase slowed from last month
PPI, which measures costs for goods at the factory gate, dropped 0.3 percentage points from last month.
The price of means of production rose 0.9 percent, down 0.4 percentage point from the previous month; the price of living materials rose 0.1 percent, the same for three consecutive months.
Concerning major industries, the oil and natural gas exploration industry and oil processing industry increased by 5.1 percent and 3.2 percent respectively.
APD will keep updating the story with more experts insights and analysis.
(CGTN)
