CCTV News: The latest data released by the National Bureau of Statistics on October 13 showed that from January to September, the national consumer price index (CPI) rose moderately, and the cumulative increase was larger than that of the same period last year. In September, the consumer market was generally stable, and prices were basically stable.
From January to September, the national consumer price index (CPI) rose by 0.3% year-on-year, maintaining a moderate increase, of which food prices fell by 1.2% year-on-year, and non-food prices rose by 0.6% year-on-year. Specifically, the rise in energy and service prices was the main driver of CPI in the first three quarters.
Zhang Xuewu, director of the Analysis and Forecasting Department of the Price Monitoring Center of the National Development and Reform Commission, said that from the perspective of energy prices, since the beginning of this year, international crude oil prices have generally risen first and then fallen, and the average value in the first three quarters has risen compared with the same period last year, driving domestic gasoline and diesel prices to rise. From the perspective of service prices, with the recovery of domestic demand, the prices of residents' catering, tourism, and household services have risen to varying degrees, driving the overall increase in service prices in the first three quarters. From the perspective of food prices, due to sufficient supply and smooth connection between production and marketing, food prices continued to decline year-on-year in the first half of the year, and gradually turned positive since the third quarter, but the cumulative decline in the first three quarters was still down.
From the perspective of a single month in September, the national CPI was flat month-on-month, up 0.4% year-on-year, and the increase fell slightly.
Experts said that looking forward to the later stage, with the effective implementation of the stock policy, the package of incremental policies will be accelerated and effective, and the economic recovery will continue to strengthen.
The year-on-year decline in PPI narrowed in the first three quarters
According to the data, from January to September, affected by seasonality, importation and other factors, the national industrial producer price index (PPI) decreased year-on-year, and the decline rate narrowed compared with the same period last year.
From January to September, the national industrial producer price index (PPI) fell by 2.0% year-on-year, and the decline narrowed.
From the perspective of specific industries, affected by seasonality, importation and other factors, the prices of PPI in various industries have risen and fallen. Among them, the rise in international oil prices and the rise in copper and aluminum prices have affected the ex-factory prices of products in the domestic oil and gas exploitation industry and the ex-factory prices of products in the non-ferrous metal industry, which are the main factors affecting the rise of PPI.
Zhang Xuewu said that from the perspective of factors promoting decline, the ex-factory price of non-metallic mineral products in the non-metallic mineral products industry has decreased due to the oversupply of cement; The decline in steel demand has led to a decline in the prices of products such as ferrous metal smelting and rolling processing industry; Affected by factors such as trade frictions and market competition, the ex-factory prices of products in electrical machinery, computer communications, automobile manufacturing and other industries have declined to varying degrees.
From the perspective of a single month in September, affected by factors such as fluctuations in international commodity prices and insufficient effective demand in the domestic market, PPI fell by 0.6% month-on-month, a narrower decline than the previous month.
Continental's automobile production and sales exceeded 20 million units
According to the latest data released by the China Association of Automobile Manufacturers on October 12, from January to September this year, mainland automobile production and sales both exceeded 20 million.
From January to September this year, the production and sales of mainland automobiles were 21.47 million and 21.571 million respectively, an increase of 1.9% and 2.4% year-on-year, respectively. Among them, the production and sales of new energy vehicles both exceeded 8.3 million, a year-on-year increase of more than 30%. According to the China Association of Automobile Manufacturers, in the structure of automobile production and sales, new energy vehicle sales have accounted for nearly 40% of all automobile sales.
Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, said that the national afterburner car trade-in and the local government's replacement and renewal policy have boosted the confidence of domestic consumers, and terminal sales have improved significantly. Among them, the performance of new energy vehicles exceeded expectations, the world's leading advantages were further consolidated and expanded, and the new quality productivity of the automotive industry is rapidly transforming from quantitative to qualitative change.
At the same time, data from the China Association of Automobile Manufacturers (CAAM) showed that exports were also stable and rising. Vehicle exports from January to September totaled 4.312 million units, reflecting a 27.3% y/y increase. NEV exports totaled 928,000 units, reflecting a 12.5% y/y increase.