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——Sheng Guoqing, senior statistician of the Urban Department of the National Bureau of Statistics, interpreted the CPI and PPI data in April 2018

The National Consumer Price Index (CPI) and Industrial Producer Price Index (PPI) data released today by the National Bureau of Statistics in April 2018，CPI decreased by 0 month-on-month.2%，1 year-on-year increase.8%;PPI decreased by 0 month-on-month.2%，Up 3 year-on-year.4%。To this，Interpreted by Sheng Guoqing, senior statistician of the Urban Department of the National Bureau of Statistics。

1. CPI dropped month-on-month, and the year-on-year increase fell slightly

From a month-on-month perspective，CPI dropped slightly，The decline narrowed by 0% compared with the previous month.9 percentage points。Food prices drop 1.9%，Affected CPI to drop by about 0.38 percentage points，is the main factor in the decline of CPI。Fresh food prices continue to fall，Fresh vegetable and fresh fruit prices dropped by 5 points respectively.5% and 1.2%;Pork、The prices dafabet online sports betting appof eggs and aquatic products dropped by 6% respectively.6%、3.4% and 1.2%。The total impact of the above five categories on CPI dropped by about 0.35 percentage points。Non-food prices rise0.2%，Influenced CPI increase by about 0.20 percentage points。Affected by Tomb Sweeping Day and Labor Day holidays，Flight tickets、Hotel accommodation and tourism prices increased by 9% respectively.4%、2.7% and 1.0%，The total impact on CPI increase is about 0.04 percentage points。Affected by price adjustment of domestic refined oil products，Both gasoline and diesel prices increased 2.7%，Influenced CPI increase by about 0.05 percentage points。Rising rents drive up housing prices0.1%，Influenced CPI increase by about 0.03 percentage points。In addition，The rising prices of traditional Chinese medicine and western medicine affect the CPI increase by about 0.02 percentage points。

From a year-on-year perspective，CPI increase dropped by 0% from last month.3 percentage points。Food prices rise0.7%，Influenced CPI increase by about 0.13 percentage points。Among them，Eggs、The prices of fresh vegetables and fresh fruits increased by 17% respectively.7%、8.2% and 4.2%，The total impact on CPI increase is about 0.33 percentage points;Poultry、The rising prices of aquatic products and beef and mutton affect the CPI increase by about 0.18 percentage points;Pork prices drop by 16.dafabet online betting website1%，Affected CPI to drop by about 0.67 percentage points。Non-food prices rise 2.1%，Influenced CPI to increase by about 1.67 percentage points。Among them，Healthcare prices increased 5.2%，Educational service prices increased 2.7%，Residential prices increased 2.2%。According to calculation，In April 1.8% year-on-year increase，The tail-off impact of last year’s price changes was approximately 1.3 percentage points，The impact of the new price increase is approximately 0.5 percentage points。

2. PPI decreased month-on-month, and the year-on-year increase increased

From a month-on-month perspective，PPI fell at the same rate as last month。The price of production materials dropped by 0.2%，The price of daily necessities dropped by 0.1%。Among the 40 major industrial categories surveyed，16 industry product prices dropped，1 less than last month。In major industries，The gas production and supply industry has narrowed its decline，Down by 1.2%，Narrower than last month by 0.5 percentage points;Nonferrous metal smelting and rolling processing industry，Down by 0.2%，Narrow 0.5 percentage points。The ferrous metal mining and processing industry has changed from promotion to decline，Down 2.9%;Ferrous metal smelting and rolling processing industry，Down by 1.8%;Coal mining and washing industry，Down by 0.9%。The oil and gas extraction dafabet casino mobile appindustry has turned from a decline to an increase，Up 3.2%;Petroleum, coal and other fuel processing industry，Up 0.7%。

From a year-on-year perspective，PPI increase increased by 0% compared with last month.3 percentage points。Price of means of production increased 4.5%，The increase increased by 0 compared with the previous month.4 percentage points;Price of daily necessities increased 0.1%，The increase dropped by 0% from the previous month.1 percentage point。In major industries，The oil and gas extraction industry has expanded its gains、Ferrous metal smelting and rolling processing industry、Petroleum, coal and other fuel processing industry、Chemical raw materials and chemical products manufacturing、Nonferrous metal smelting and rolling processing industry，The total impact on the year-on-year increase in PPI expanded by approximately 0.34 percentage points。Non-metallic mineral products industry saw a decline in growth，Up 11.0%，Fallback 1.0 percentage points;Coal mining and washing industry，Up 4.4%，Fallback 1.4 percentage points。According to calculation，In April 3.4% year-on-year increase，The tail-off impact of last year’s price changes was approximately 3.6 percentage points，The impact of the new price increase is about -0.2 percentage points。

  Source: Bureau of Statistics website