July CPI (consumer price index) has declined for three consecutive months, but the PPI (producer price index) soared to 10%, hitting a 12-year high. Monitoring of the Ministry of Commerce yesterday released information shows that the performance of mid-July, following a smooth,glue stick the production prices have been down for 5 weeks.
Consecutive month of decline, or will be in August's PPI growth has slowed.
According to the Ministry of Commerce to monitor, key 36 cities nationwide to monitor the market price of production decreased by 0.7% over the previous week, down from the previous week increased by 0.3 percentage points, reaching the largest decline in recent months. glue gun 112 kinds of major commodities, the price decline pericyclic than 51 species, accounting for 45.54%, up to 22 species, accounting for 19.64%.
From the category view, minerals, metals, chemical products, ferrous metals, energy products, light industry raw materials, rubber prices fell, agricultural supplies, building materials prices have risen. Specific varieties from the point of view, iron ore, crude oil drop top, respectively, from the previous month decreased by 4.5%, 3.0%.
In addition, the Commerce Department's monitoring shows that 36 cities nationwide last week, focus on monitoring the consumption of agricultural prices fell by 0.2% over the previous week. 57 kinds of major commodities, the prices of weeks down the chain there are 36 species, 13 species increased over the previous week. Among them, soybean oil, rapeseed oil and peanut oil retail prices continue to fall.
The trade point of view that a continuous decline over more than a month, or to ease inflationary pressures. Chen Jianqi Bank Research Department, said the Ministry of Commerce of the monitoring of production species, only a part of PPI, the Zoudie trend may not affect the August PPI. And because the July oil and electricity price adjustments, may be some delay in the August response, it is likely to August's PPI will not be lower than the July level.