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Ningbo's CPI rises by 2.3% year-on-year in July, PPI grows for 9 consecutive months

Recently, the Ningbo survey team of the National Bureau of Statistics officially released the Consumer Price Index (CPI) and the Producer Price Index (PPI) of Ningbo in July.

In terms of CPI, in July, the consumer price of Ningbo urban residents rose by 2.3% year-on-year, 0.3 percentage points lower than the previous month, and the national average rose by 1.0% year-on-year. In terms of PPI, in July, the ex-factory and purchase prices of Ningbo's industrial producers rose by 0.1% and 0.9% respectively from the previous month, achieving positive growth for nine consecutive months; rising by 10.4% and 29.0% year-on-year respectively.

Specifically, in terms of CPI, the eight categories of prices in Ningbo in July "6 up and 2 down" year-on-year.

The price of food, tobacco and alcohol rose by 0.6% year-on-year, a decline of 1.7 percentage points from the previous month. Among them, the price of aquatic products rose by 10.0%, the price of eggs rose by 5.0%, the price of livestock and meat fell by 24.3%, and the price of fresh vegetables fell by 3.9%. Among the other seven categories, the price of transportation and communication rose by 7.7%, the price of education, culture and entertainment rose by 6.5%, the price of daily necessities and services rose by 2.1%, the price of medical care rose by 1.0%, the price of housing rose by 0.9%, and the price of other goods and services fell by 3.3%. %, clothing prices fell by 0.3%.

In general, from January to July, the consumer price of Ningbo urban residents rose by an average of 2.0% over the same period last year, 1.4 percentage points higher than the national average, and still ranked first among the 36 large and medium-sized cities in China.

In terms of PPI, in July, the ex-factory prices of 32 major industrial sectors surveyed by the city changed from “15 down, 14 up, and 3 level” last month to “12 down, 15 up, and 5 level” month-on-month.

The top three rising influences were petroleum, coal and other fuel processing industries, electrical machinery and equipment manufacturing, and metal products, which increased by 4.6%, 0.9% and 1.7% from the previous month respectively, driving the ex-factory prices of industrial producers to increase by 0.7 percentage points from the previous month.

The month-on-month purchase price of nine major categories of raw materials in the city has changed from "7 up and 2 down" last month to "6 up and 3 down". Among them, the top three rising influences were fuel power, ferrous metal materials, and other industrial raw materials and semi-finished products, which increased by 4.6%, 1.5% and 0.2%, respectively, driving industrial producer purchasing prices up 1.2 percentage points from the previous month

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