Affected by the Spring Festival and the COVID-19 pandemic, the national consumer price index (CPI) has continuously broken "5" in the first two months of 2020. Then, as the epidemic gradually improved, the CPI growth rate declined. On the morning of May 12, the National Bureau of Statistics released a monthly report on the national CPI. In April, the national CPI continued its decline in growth, with CPI rising by 3.3% year-on-year and 0.9% month-on-month. The price of pork, which has attracted much attention from the public, continued to fall, down 7.6% month-on-month.
data shows that in April 2020, the national CPI rose by 3.3% year-on-year. Among them, cities rose by 3.0%, rural areas rose by 4.0%, food prices rose by 14.8%, non-food prices rose by 0.4%, consumer goods prices rose by 4.7%, and service prices rose by 0.9%. On average from January to April, the national consumer price rose by 4.5% compared with the same period last year.
, in April, the national CPI fell by 0.9% month-on-month. Among them, cities fell by 0.8%, rural areas fell by 1.0%, food prices fell by 3.0%, non-food prices fell by 0.2%, consumer goods prices fell by 1.3%, and service prices remained the same.
Dong Lijuan, senior statistician of the Urban Department of the National Bureau of Statistics, interpreted the April CPI data. Dong Lijuan analyzed that in April, the positive trend of domestic epidemic prevention and control was further consolidated, and the order of production and living was recovered at a faster pace, which became the main reason for the year-on-year increase in CPI and the month-on-month decline.
From a month-on-month perspective, CPI fell by 0.9% compared with the previous month. Among them, food prices fell by 3.0%, affecting the CPI decline by about 0.70 percentage points, which is the main factor driving the continued decline of CPI. Among foods, as pig production capacity accelerates recovery and pork supply continues to increase, the price of pork that has attracted the most attention from the people continued to fall by 7.6% after experiencing the historical high in February, an increase of 0.7 percentage points. In addition, as the weather warms up, the supply of fresh vegetables increases, and the price drops by 8.0%; the supply of fresh fruits and eggs is sufficient, and the price drops by 2.2%.
Non-food prices fell by 0.2% month-on-month. Among them, affected by the fluctuation of international crude oil price , the prices of gasoline, diesel and liquefied petroleum gas fell by 7.5%, 8.2% and 3.7% respectively; with the acceleration of resumption of work and production, travel demand increased, and air ticket prices rose by 5.6%. From a year-on-year perspective, CPI rose 3.3%, a decrease of 1.0 percentage points from the previous month. Among them, food prices rose by 14.8%, and pork prices were still the main reason for the rise in food prices, up 96.9% year-on-year, but the increase fell by 19.5 percentage points.
Non-food prices rose 0.4% compared with the same period last year. Among them, the prices of health care, education, culture and entertainment rose by 2.2% and 2.0% respectively, while the prices of transportation and communications, clothing and residence fell by 4.9%, 0.4% and 0.3% respectively. core CPI, excluding food and energy prices, rose 1.1% year-on-year, down 0.1 percentage point from the previous month. It is estimated that among the 3.3% year-on-year increase in April, the tail-strike impact of price changes last year was about 3.2 percentage points, and the impact of new price increases was about 0.1 percentage points. On average from January to April, CPI rose 4.5% from the same period last year.
