Chinas October CPI decreased by 0.2% year -on -year negative growth after two mo

China Consumer Price Index (CPI) in October decreased by 0.2%year -on -year, while the industrial producer's factory index (PPI) decreased by 2.6%year -on -year.

The data released by the National Bureau of Statistics of China on Thursday (November 9) showed that in October, CPI fell by 0.2%year -on -year, and the decline was slightly higher than the decline in the Reuters survey of 0.1%.%.

In terms of divide, the city has decreased by 0.1%, and the rural declines decreased by 0.5%; food prices fell by 4.0%, and non -food prices rose by 0.7%; consumer goods prices fell by 1.1%, and service prices rose 1.2%.

Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics of China, analyzed that from the year -on -year, CPI decreased by 0.2%, mainly because of the expansion of food prices.Food prices decreased by 4.0%, a decrease of 0.8 percentage points from last month, affecting the decrease of CPI by about 0.75 percentage points.Among them, the price of pork decreased by 30.1%, a decrease of 8.1 percentage points, affecting the decrease of CPI by about 0.55 percentage points.

Dong Lijuan said that from the month of view, the CPI decreased by 0.1%, mainly because the weather in most areas in China was fine in October, and the supply of agricultural products was generally sufficient. In additiondecline.

According to the Wall Street Journal, China ’s CPI in September had risen to flat.In August, China's CPI rose 0.1%year -on -year, getting rid of the negative growth last month; in July 0.3%, it has fallen into negative growth since February 2021.

The data released by the National Bureau of Statistics of China also showed that in October, PPIs fell by 2.6%year -on -year and were flat. The purchase price of industrial producers decreased by 3.7%year -on -year, up 0.2%month -on -month.Reuters reports that the decline in PPI in October was slightly at 2.7%of the forecast of economists.

Dong Lijuan analyzed that from a month -on -month perspective, PPI rose from 0.4%last month to flat.Affected by the fluctuations in international crude oil and non -ferrous metals, the prices of oil and natural gas mining, oil and coal and other fuel processing industries rose 2.8%and 2.5%, respectively, and the increase fell by 1.3 and 0.6 percentage points, respectively.

Dong Lijuan also said that from the year -on -year, PPI fell 2.6%, a decrease of 0.1 percentage points from the previous month.The expansion of the year -on -year decline is mainly due to the impact of the comparison base of the same period last year.