The July PPI data released by the National Bureau of Statistics on August 9 showed that in July, affected by the sharp increase in the prices of crude oil, coal and related products, the price increase of industrial products increased slightly.

Dong Lijuan, a senior statistician at the National Bureau of Statistics, pointed out in the interpretation that from a month-on-month perspective, the PPI rose 0.5%, an increase of 0.2 percentage points from the previous month. Among them, the price of means of production rose by 0.6%, an increase of 0.1%; the price of means of subsistence changed from a 0.2% drop in the previous month to an increase of 0.1%.

According to Dong Lijuan's specific analysis, the effect of the policy of maintaining the supply and stabilizing prices of bulk commodities has appeared, and the prices of steel, non-ferrous metals and other industries have decreased slightly. Among them, the price of ferrous metal smelting and rolling processing industry fell by 0.2%, and the price of non-ferrous metal smelting and rolling processing industry fell by 0.1%. Affected by the high temperature weather, the demand for thermal coal is strong, and the price of coal mining and washing industry increased by 6.6%, an increase of 1.4 percentage points. The rise in international crude oil prices drove the increase in prices in domestic petroleum-related industries. Among them, the price of oil extraction rose by 7.1%, and the price of refined petroleum products rose by 3.0%, and the growth rate expanded by 4.1 and 0.5 percentage points respectively. The price of agricultural materials rose rapidly, among which the price of fertilizer manufacturing rose by 5.0%, and the price of pesticide manufacturing rose by 1.5%.

From a year-on-year perspective, PPI rose by 9.0%, an increase of 0.2 percentage points from the previous month. Among them, the price of means of production rose by 12.0%, an increase of 0.2%; the price of means of living rose by 0.3%, the same as the previous month. Among the 40 major industrial sectors surveyed, 32 saw price increases, an increase of 2 over the previous month; 8 declined, a decrease of 2. Among the major industries, ferrous metal mining and dressing, which rose by more than 20%, rose by 54.6%; oil and natural gas mining, which rose by 48.0%; coal mining and washing, which rose by 45.7%; oil, coal and other fuels Industry, up 35.4%; ferrous metal smelting and rolling processing industry, up 33.0%; non-ferrous metal smelting and rolling processing industry, up 23.5%; chemical raw materials and chemical products manufacturing, up 21.3%; chemical fiber manufacturing, up 20.9% . The eight industries mentioned above affect the PPI increase by approximately 7.5 percentage points, which is more than 80% of the total increase.

According to estimates, of the 9.0% year-on-year increase in July, the carry-over impact of price changes last year was approximately 2.1 percentage points, down 0.3 percentage points from the previous month; the impact of the new price increase was approximately 6.9 percentage points, an increase of 0.5 percentage points.