CPI and PPI Both See YoY Growth Deceleration in August
Click:0    DateTime:Sep.12,2022

In August, CPI was up 2.5% YoY, down 0.2 percentage points from July. Prices of gasoline, diesel and LPG rose 20.2% YoY, 21.9% YoY and 19.8% YoY, respectively, all slowing down compared with July.

PPI was up 2.3% YoY, down 1.9 percentage points from July mainly attributable to: 1) downward trend of international prices of commodities like crude oil and non-ferrous metal; 2) effects of increasing production and guaranteeing supply (in industries such as coal); 3) relatively weak demand from industries like steel. More specifically, price growth decelerated in some industries – e.g. coal mining and washing; oil and gas extraction; chemicals; petroleum, coal and other fuel processing. Prices of the ferrous metal smelting, rolling and processing industry fell more sharply. The non-ferrous metal smelting, rolling and processing industry saw a price decline, versus a price increase previously.