On August 16, Meng Wei, spokesman of the national development and Reform Commission, said that in July, the overall price level continued to be basically stable. The prices of vegetables and fruits have dropped, and prices will continue to maintain an overall stable operation for some time to come.
A large number of vegetables and fruits are on the market, and the price drops
Meng Wei said that in terms of CPI, it rose 0.4% month on month in July, an increase of 0.5 percentage points over the previous month; The year-on-year increase was 2.8%, an increase of 0.1 percentage points over the previous month. CPI rose month on month, mainly due to the rise in food and service prices.
Fruit prices rose significantly in the first half of the year, especially in the second quarter. Meng Wei said that in July, due to the centralized listing of a large number of seasonal fruits and sufficient market supply, the overall fruit price fell, and the decline range was relatively large.
According to the monitoring data of 36 large and medium-sized cities, the average retail price of apple, orange, pear, watermelon and banana decreased by 5.2% in late July compared with early July. Among them, the prices of watermelon and pear decreased by 16.0% and 15.1% respectively. Later, with the increase of seasonal fruit supply, especially the listing of apples and pears in the new season, fruit prices are expected to continue to fall.
In terms of vegetables, Meng Wei said that with the large number of seasonal vegetables on the market, the prices fell significantly in June and July. According to the monitoring data of 36 large and medium-sized cities, the average retail prices of 15 kinds of vegetables fell in July. Among them, the retail prices of cucumber and tomato decreased by 2.4% and 13.6% respectively over the previous month, and decreased by 3.6% and 4.1% respectively over the same period last year. It is expected that prices will continue to fall and maintain seasonal fluctuations in the later period.
In the coming period, prices will continue to maintain an overall stable operation trend
In terms of PPI, Meng Wei said that in July, it decreased by 0.2% month on month, 0.1 percentage point lower than that of the previous month; A year-on-year decrease of 0.3%, an increase of 0.3 percentage points over the previous month. PPI fell slightly month on month, mainly due to the recent decline in international oil prices, which led to the decline in the prices of China's oil exploitation and downstream petrochemical industry to varying degrees. Driven by the rise in international iron ore prices, the price of China's ferrous metal mining and beneficiation industry increased by 4.6% month on month, partially offsetting the impact of the decline in oil prices.
Meng Wei said that the year-on-year increase of CPI and PPI in July was in a moderate range. It is expected that China's prices will continue to maintain an overall stable operation trend in the coming period.