Data from the Yunnan Survey Team of the National Bureau of Statistics shows that in June, Yunnan's Consumer Price Index (CPI) was flat month-on-month, while increasing 1.5% year-on-year.
The core CPI, which excludes food and energy prices, rose 1.8% year-on-year, an increase of 0.4 percentage points from the previous month.
On a month-on-month basis, the CPI shifted from a 0.1% decline in May to being flat in June. Within this, food prices fell 0.7%, contributing approximately a 0.11 percentage point decrease to the CPI. Non-food prices increased by 0.2%.
Year-on-year, the CPI rose 1.5%, maintaining the same growth rate as the previous month. Food prices decreased by 2.6%, a decline 0.6 percentage points wider than last month, contributing to about a 0.45 percentage point drop in the CPI. Non-food prices climbed 2.4%, with growth accelerating by 0.1 percentage points from the prior month, contributing roughly a 1.98 percentage point increase to the CPI.
Looking at the Producer Price Index (PPI), the June data shows a month-on-month decrease of 0.4%, a year-on-year increase of 11.5%, and a cumulative increase of 7.5% for the period from January to June. The Input Price Index (IPI) rose 0.5% month-on-month, increased 10.7% year-on-year, and recorded a cumulative rise of 6.3% for the first half of the year.
Calculations indicate that within the 11.5% year-on-year PPI change in June, the carryover effect from last year's price movements accounted for about 2.5 percentage points, while new price changes from this year contributed approximately 8.8 percentage points.
Comments