In June, the CPI in Shandong has increased by 2 year -on -year. What factors are promoting?

According to the data released by the National Statistics Bureau Shandong Investigation Corps on July 13, in June 2022, Shandong CPI (residential consumption price index) rose 2.1%year -on -year, an increase of 0.5 percentage points from the previous month. As can be seen from the figure below, this is the second year since June last year, Shandong CPI has broken the second time. What factors have promoted the large level of CPI?

▽ The rise in consumer prices in Shandong residents

Derived from the National Bureau of Statistics Shandong Investigation Corps

The acceleration of pork prices is an important factor in pushing CPI. The price of pork in CPI in my country has a large weight, and its price changes have a significant impact on the fluctuation of CPI. In June, the price of pork in Shandong rose 4.4%month -on -month, a year -on -year decrease of 7.2%, and it was no longer a drag on the CPI. According to the monitoring of the Ministry of Agriculture and Rural Affairs, at the end of May, 41.92 million sow storage columns were equivalent to 102.2%of the normal preservation of 41 million heads. The regulation of pig production capacity was in a green and reasonable range. The farm (households) were generally optimistic about the market market. Information from Shandong Province Animal Husbandry Station shows that with the price of pigs in June, pig breeding was fully out of trouble, entering the profit range, and the expected profit for subsequent increases will gradually increase. Some institutions judge that from the perspective of the pig cycle of 3 to 4 years, the upward period of the bottom of the new round of pig cycle has been entered. However, under the role of pig production capacity regulation mechanism, comprehensive consideration of factors such as pig production capacity, pork consumption and imports, the possibility of a new round of "pig cycle" production and price fluctuations exceeds the previous rounds. In a reasonable range, breeding profit is at a normal level.

In June, the CPI acceleration also had the reasons for the recovery of service consumption. Due to the increase in the number of tourists in the summer, air tickets, transportation fees, and accommodation prices in June increased by 10.4%, 5.1%, and 1.0%, respectively. However, overall, the current consumer demand is still weak. With the effectiveness of the implementation of consumer measures in a series of expansion, the consumer demand is expected to further improve.

The enhancement of PPI to CPI has a certain impact. In June, Shandong Industrial Producer's factory price index (PPI) rose 7.2%year -on -year, and the increase fell by 0.2 percentage points from the previous month; the month -on -month increased by 0.3%to the same month. Among them, the price of living materials rose 2.8%, the increase was 0.9 percentage points from the previous month. Food prices, clothing prices, and general daily necessities prices rose to varying degrees. PPI and CPI "scissors difference" further narrowed.

Derived from the National Bureau of Statistics Shandong Investigation Corps

It can be seen from the above figure that the year -on -year increase in Shandong PPI continued the continuous decline since October last year, from the previous month to flat, and the effect of maintaining the price of stability and price continued to appear. The further narrowing of PPI and CPI "scissors" has also relieved the cost of small and medium -sized enterprises and the "two ends of the two ends". Judging from the June China Purchasing Manager Index issued by the National Bureau of Statistics and China Logistics and Procurement Federation, in June, the PMI of China's manufacturing industry rose to 50.2%in June, and returned to expansion after three consecutive months of contraction. In the interval, the manufacturing recovery expansion, and from the perspective of the size of the enterprise, both medium -sized enterprises and small enterprises PMI increased by 1.9 percentage points over the previous month.

In the next step, the high -level shock of international commodity prices will also form a strong input pressure on PPI, but the continuous release of the effect of stabilizing the price policy will continue to decline. Essence

Source: Volkswagen Daily

Edit: Weekend

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