21st Century Business Herald Jia Junhui Comprehensive report On September 16, China Insurance Asset Management Association released a brief analysis of the pension cost index in August 2021.
In August 2021, the pension cost index turned from a decline to a month-on-month increase, from a 0.21% decline in the previous month to an increase of 0.57%, to 114.24 points; a continuous decline of 3.21% year-on-year, an increase of 0.41 percentage points from the previous month. In contrast, the national consumer price index (CPI) increased by 0.1% month-on-month, 0.2 percentage points lower than the previous month, and 0.8% year-on-year, 0.2 percentage points lower than the previous month.
In August, all regions and departments continued to do a good job in ensuring supply and stabilizing prices. The consumer market was generally adequately supplied with prices operating steadily. From a month-on-month perspective, food prices changed from a 0.4% drop last month to an increase of 0.8%, which affected the pension cost index to rise by about 0.55 percentage points. In food, affected by the spread of epidemics in many places, heavy rainfall and high temperature weather, the prices of fresh vegetables and eggs increased by 8.6% and 8.4% respectively; the supply of pork continued to increase, and the price continued to fall by 1.4%, which was 0.5 percentage points lower than the previous month; A large number of aquatic products went on the market, and the prices of freshwater fish and shrimps and crabs fell by 3.3% and 4.0% respectively. The price of non-food changed from a 0.5% increase last month to a decrease of 0.1%. Among non-food, the price of housing continued to increase by 0.1%, and the price of medical care and education, culture and entertainment remained flat. The above collectively affected the increase in the pension cost index from the previous month.
From a year-on-year perspective, the pension cost index continued to decline by 3.21% year-on-year. Among them, food prices fell by 4.1%, an increase of 0.4 percentage points from the previous month. In food, the price of pork fell by 44.9%, an increase of 1.4 percentage points from the previous month; the price of freshwater fish rose by 25.4%, a decline of 5.5 percentage points; the prices of eggs and edible vegetable oil rose by 15.9% and 9.4%, respectively, and the growth rates both fell. Non-food prices rose by 1.9%, a decrease of 0.2 percentage points from the previous month. Among non-food items, the prices of housing and medical care rose by 1.1% and 0.4% respectively, and the prices of education, culture and entertainment rose by 2.7%, an increase of 0.3 percentage points from the previous month. According to estimates, of the 3.21% year-on-year decline in August 2021,Last year's price change of 's tail had less impact and was more affected by the new price increase.
(CPI and pension cost index chart from the end of 2016 to August 2021)
For more information, please download 21 Finance APP
.
