The National Bureau of Statistics today released the national CPI (consumer price index) and PPI (producer price index) data for March 2022. In this regard, Dong Lijuan, Senior Statistician of the city Department of the National Bureau of statistics, interpreted it. 1、 CPI was flat month on month, with a year-on-year increase In March, CPI was flat month on month and expanded year-on-year due to factors such as multiple domestic outbreaks and rising international commodity prices. On a month on month basis, the CPI rose from 0.6% last month to flat. Among them, food prices increased by 1.4% last month to a decrease of 1.2%, which affected the decline of CPI by about 0.22 percentage points. In food, affected by the fall in consumer demand and sufficient supply after the festival, the price of pork decreased by 9.3%, and the price of chicken, duck, beef, mutton, aquatic products and fresh fruits decreased by 1.0% - 2.3%; Affected by the rising prices of international wheat, corn and soybeans and the domestic epidemic, the prices of flour, edible vegetable oil, fresh vegetables and eggs increased by 1.7%, 0.6%, 0.4% and 0.3% respectively. Non food prices rose by 0.3%, down 0.1 percentage points from the previous month, affecting the CPI rise by about 0.25 percentage points. Among non food products, the price of industrial consumer goods rose by 1.1%, an increase of 0.3 percentage points over the previous month, mainly driven by the rise in energy prices. Among industrial consumer goods, the prices of gasoline, diesel and liquefied petroleum gas increased by 7.2%, 7.8% and 6.9% respectively, affecting the increase of CPI by about 0.29 percentage points; The price of industrial consumer goods excluding energy rose by 0.3%. Service prices fell by 0.2% from flat last month. Among them, the drop in demand after the festival superimposed the impact of the epidemic, and the prices of air tickets, film and performance tickets, transportation rental fees and tourism decreased by 10.0%, 7.6%, 3.5% and 2.6% respectively. From a year-on-year perspective, CPI rose by 1.5%, an increase of 0.6 percentage points over the previous month. Among them, food prices fell by 1.5%, 2.4 percentage points lower than the previous month, affecting the CPI to decline by about 0.28 percentage points. In food, the price of pork decreased by 41.4%, 1.1 percentage points lower than that of the previous month; The price of fresh vegetables increased by 17.2% from a decrease of 0.1% last month; The prices of edible vegetable oil, fresh fruit and aquatic products rose by 6.1%, 4.3% and 4.2% respectively, and the increases fell; Flour prices rose by 4.6%, an increase of 1.9 percentage points. Non food prices rose by 2.2%, an increase of 0.1 percentage points over the previous month, affecting the CPI rise by about 1.77 percentage points. Among non food products, the price of industrial consumer goods rose by 3.5%, an increase of 0.4 percentage points over the previous month. Among them, the prices of gasoline, diesel and liquefied petroleum gas increased by 24.6%, 26.9% and 27.1% respectively; The price of industrial consumer goods excluding energy rose by 0.7%. Service prices rose by 1.1%, down 0.1 percentage points from the previous month. Among them, the price of air tickets decreased by 0.2% from an increase of 18.0% last month; The prices of scenic spot tickets and accommodation outside rose by 0.7% and 0.6% respectively, both of which fell. It is estimated that in the year-on-year increase of 1.5% in March, the tail warping impact of last year's price change is about 0.4 percentage points, and the impact of the new price rise is about 1.1 percentage points. The core CPI excluding food and energy prices remained stable, with a year-on-year increase of 1.1% in March, the same as that in February. 2、 PPI rose month on month, and the year-on-year increase continued to fall In March, due to the rise of international commodity prices and other factors, PPI rose month on month and continued to fall year-on-year. On a month on month basis, PPI rose by 1.1%, an increase of 0.6 percentage points over the previous month. Among them, the price of means of production increased by 1.4% and 0.7 percentage points; The price of means of subsistence increased by 0.2%, and the increase was expanded by 0.1 percentage points. Geopolitical and other factors promote the continuous rise of international commodity prices, driving the prices of domestic oil, non-ferrous metals and other related industries to continue to rise. Among them, the price of oil and natural gas exploitation industry increased by 14.1%, the price of petroleum, coal and other fuel processing industry increased by 7.9%, the price of chemical fiber manufacturing industry increased by 2.0%, and the price of chemical raw materials and chemical products manufacturing industry increased by 1.8%; The price of non-ferrous metal smelting and rolling processing industry increased by 2.7%. In total, the above industries affected the rise of PPI by about 0.77 percentage points, accounting for 70% of the total increase. The prices of coal and steel have increased. The price of coal mining and washing industry increased by 2.5%, and the price of ferrous metal smelting and calendering industry increased by 1.4%. In addition, the price of gas production and supply industry increased by 3.7%, and the price of agricultural and sideline food processing industry increased by 1.2%; The price of textile and clothing industry decreased by 0.3%. From a year-on-year perspective, PPI rose by 8.3%, down 0.5 percentage points from the previous month, mainly due to the high base in the same period last year. Among them, the price of means of production rose by 10.7% and fell by 0.7 percentage points; The price of means of subsistence rose by 0.9%, the same as last month. Among the 40 industrial categories surveyed, 37 prices rose, an increase of 1 over the previous month. Among the main industries, the price increase fell: the non-ferrous metal smelting and rolling processing industry rose 18.3%, down 2.1 percentage points; Chemical raw materials and chemical products manufacturing industry rose 15.7%, down 4.0 percentage points; Ferrous metal smelting and rolling processing industry rose 9.4%, down 3.5 percentage points; Chemical fiber manufacturing rose 4.5%, down 6.9 percentage points. The price increase expanded: the coal mining and washing industry increased by 53.9%, expanding by 8.5 percentage points; The oil and gas exploitation industry rose 47.4%, expanding by 5.5 percentage points; Petroleum, coal and other fuel processing industry rose 32.8%, expanding by 2.6 percentage points; The power and heat production and supply industry rose by 8.7%, expanding by 0.2 percentage points. It is estimated that among the 8.3% year-on-year increase in PPI in March, the tail warping impact of price changes last year was about 6.8 percentage points, and the impact of new price increases was about 1.5 percentage points. (Xinhua News Agency)