According to the data released by the National Bureau of Statistics recently, in April, the national consumer price index (CPI) rose 0.3% year on year, 0.2 percentage points higher than that of last month; It rose 0.1% month on month and fell 1% last month. The national producer price index (PPI) fell 2.5% year on year, 0.3 percentage point lower than that of last month. Domestic prices rose modestly, releasing the warmth of a sustained economic recovery.

In April, as the consumer demand of residents continued to recover, the national CPI turned from a month on month decline to an increase, with the year-on-year increase expanding. The core CPI excluding food and energy prices rose 0.2% month on month, down 0.6% last month; The year-on-year increase was 0.7%, 0.1 percentage point higher than that of last month.

Specifically, in April, food prices fell 2.7% year on year, the same decline as last month, of which pork and fresh vegetable prices rose 1.4% and 1.3% year on year respectively; The month on month decline was 1.0%, 2.2 percentage points lower than that of the previous month.

Statistics show that in April, non food prices rose 0.9% year on year, 0.2 percentage points higher than the previous month; The month on month increase turned to 0.3% from a decrease of 0.5% last month. Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, said that in April, affected by the increase in travel during the Tomb sweeping Day holiday, the prices of air tickets, vehicle rental fees, hotel accommodation and tourism all turned up month on month, with increases of 15.3%, 9.0%, 4.0% and 2.7% respectively; Affected by the rising international gold price and oil price, domestic gold jewelry and gasoline prices rose 8.7% and 3.0% month on month respectively.

In terms of industrial producer prices, industrial production continued to recover in April, and demand for some industries fell back periodically, PPI fell 2.5% year on year, 0.3 percentage point lower than that of last month; The month on month decrease was 0.2%, 0.1 percentage point higher than that of the previous month.

Dong Lijuan said that in April, affected by the rising prices of international crude oil and non-ferrous metals, the prices of domestic oil and natural gas exploitation industry, oil, coal and other fuel processing industries rose 3.4% and 1.0% month on month respectively. The supply of coal is sufficient, and the demand for electricity coal has fallen seasonally. The price of coal mining and washing industry has declined by 3.0% month on month. In the consumer goods manufacturing industry, the prices of the cultural, educational, industrial, artistic, sports and entertainment goods manufacturing industry and the textile, clothing and apparel industry rose 1.7% and 0.1% month on month respectively.

Recently, the Chinese consumer market has continued to recover and the market confidence has steadily increased. The signal is clear: during the May Day holiday this year, the number of domestic tourist trips and the total travel expenses of domestic tourists increased by 7.6% and 12.7% respectively year on year, and the sales of catering enterprises monitored by the Ministry of Commerce increased by 7.1% year on year; In April, China's logistics industry prosperity index rose to 52.4%, and China's e-commerce logistics index rose 0.7 points month on month, rising for two consecutive months; In the first four months, China's total import and export value of goods trade increased by 5.7% year on year, of which the growth rate of import and export in the single month of April turned from negative to positive, with a year-on-year growth of 8%

Shen Bing, director of the Market Institute of the Chinese Academy of Macroeconomics, said that in the future, there will be more positive factors, such as stable and good economic operation, continued warming of market demand, weakened base effect, and some agricultural products ushering in price inflection points, which will support the continued modest recovery of prices.

"Preliminary research and judgment, PPI will continue to show a trend of decreasing and increasing steadily. " Sheng Laiyun, deputy director of the National Bureau of Statistics, said that the economic recovery and the overall demand recovery are conducive to supporting the price recovery. The policy effect continues to appear, which will have a positive impact on related industries. The structural adjustment of some industries and the clearing of some traditional industries will bring positive changes to the market supply and demand relationship. In addition, the tail raising impact of PPI in the first quarter of last year was negative 2.3 percentage points, and in the second quarter, the tail raising impact was only negative 0.9 percentage points, which will also support the significant narrowing of PPI decline. (According to Wei Yukun and Wang Bo, reporters from Xinhua News Agency in Beijing)

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