Macro Flash: China’s consumer and producer prices for June

Consumer prices

In June 2021, China’s consumer prices fell by 0.4 percent month-on-month, translating into a 1.1 percent increase year-on-year. Prices excluding food and energy were almost flat, falling by 0.1 percent month-on-month, translating into a year-on-year increase of 0.9 percent.

Urban prices fell by 0.4 percent month-on-month (+1.2 percent YoY) mirroring the same fall in rural prices (+0.7 percent YoY). Food prices fell by 2.2 percent (-1.7 percent YoY), Non-food prices remained flat (+1.7 percent YoY). Consumer goods prices fell by 0.6 percent (+1.1 percent YoY) and service prices fell by 0.1 percent (+1.0 percent YoY). 

Consumer prices by detailed category of goods and services

　　.

	Month-on-month ( % )	Year-on-year ( % )
Consumer prices	-0.4	1.1
Urban areas	-0.4	1.2
Rural areas	-0.5	0.7
Food	-2.2	-1.7
Non-food	0.0	1.7
Consumer goods	-0.6	1.1
Services	-0.1	1.0
Consumer prices ex. food and energy (Core CPI)	-0.1	0.9
BY CATEGORY
1. Food, tobacco and alcohol	-1.4	-0.4
food	0.0	0.7
Food with oil	0.2	7.7
Fresh vegetables	-2.3	0.1
Meat products	-7.6	-19.5
Pork	-13.6	-36.5
Beef	-0.3	4.8
Lamb	-1.8	7.3
Seafoods	0.1	14.2
Eggs	-0.6	17.9
Milk	0.1	2.2
Fresh fruits	-4.5	3.1
Cigarettes	0.2	1.1
Liquor	0.3	2.7
2. Clothing & Footwar	-0.2	0.4
Clothing	-0.2	0.5
Footwear	-0.4	-0.1
3. Housing services	0.1	0.9
Rent	0.2	0.7
Utilities	-0.2	1.3
4. Daily necessities and services	-0.2	0.3
Household appliances	-0.3	1.0
Home service	0.1	2.6
5. Transportation and communication	0.1	5.8
Transportation	-0.3	-0.8
Fuel for transportation	2.0	23.6
Use and maintenance of vehicles	0.0	1.3
Communication devices	-0.2	6.2
Communication services	-0.1	-0.3
Mail service	0.0	0.0
6. Education, Culture and Entertainment	-0.2	1.5
Education	0.1	1.9
Tourism	-2.0	-1.1
7. medical care	0.0	0.3
Chinese medicine	0.2	1.5
Western medicine	0.0	-0.8
Medical services	0.0	0.7
8. Other supplies and services	0.1	-0.9

Producer prices

On a month-on-month basis, among the ex-factory prices of industrial producers, the price of means of production increased by 0.5% , which affected the overall increase of the ex-factory prices of industrial producers by about 0.36 percentage points. Among them, the price of mining and quarrying industry increased by 3.9% , the price of raw material industry increased by 0.2% , and the price of processing industry increased by 0.3% . The price of subsistence fell by 0.2% , affecting the overall level of factory prices for industrial producers to drop by about 0.05 %. Among them, the price of food fell by 0.5% , the price of clothing fell by 0.3% , the price of general daily necessities fell by 0.2% , and the price of consumer durables rose by 0.1% .

Among the purchasing prices of industrial producers, the price of fuel and power rose by 2.9% , the price of ferrous metal materials rose by 1.7% , the price of non-ferrous metal materials and wires rose by 0.7% , and the price of chemical raw materials rose by 0.1% .

Main data of industrial producer prices in June 2021

	Month-on-month ( % )	Year-on-year ( % )
1. Ex-factory price of industrial producers	0.3	8.8
Means of production	0.5	11.8
mining	3.9	35.1
Raw materials	0.2	18.0
Processing	0.3	7.4
Living materials	-0.2	0.3
food	-0.5	1.4
clothes	-0.3	-0.8
General daily necessities	-0.2	0.3
Consumer durables	0.1	-0.6
2. Purchase price of industrial producers	0.8	13.1
Fuel and power	2.9	22.8
Ferrous metal materials	1.7	27.7
Non-ferrous metal materials and wires	0.7	26.8
Chemical raw materials	0.1	17.1
Wood and pulp	0.3	7.4
Building materials and non-metals	0.8	5.7
Other industrial raw materials and semi-finished products	0.5	3.8
Agricultural and sideline products	-1.3	5.4
Textile raw materials	0.2	4.8
3. Ex-factory prices of major industries
Coal mining and washing industry	5.2	37.4
Oil and gas extraction industry	2.5	53.6
Ferrous metal mining and dressing industry	5.4	52.6
Non-ferrous metal mining and dressing industry	1.6	16.8
Non-metallic mining and dressing industry	0.5	2.5
Agricultural and sideline food processing industry	-0.9	4.3
Food manufacturing	0.0	1.5
Liquor, beverage and refined tea manufacturing	0.1	1.9
Tobacco products industry	0.2	0.7
Textile industry	0.0	3.8
Textile and Apparel, Apparel Industry	-0.2	-0.4
Wood processing and wood, bamboo, rattan, palm and grass products industry	-0.1	0.8
Paper and Paper Products Industry	0.0	7.8
Printing and recording media reproduction industry	-0.3	0.9
Petroleum, coal and other fuel processing industry	3.1	36.1
Chemical raw materials and chemical products manufacturing	0.2	20.3
Pharmaceutical manufacturing	-0.3	-0.9
Chemical fiber manufacturing	-0.8	17.0
Rubber and plastic products industry	0.2	3.4
Non-metallic mineral products industry	0.0	2.5
Ferrous metal smelting and rolling processing industry	-0.7	34.4
Non-ferrous metal smelting and rolling processing industry	-0.1	27.8
Metal products industry	0.8	7.5
General equipment manufacturing	0.4	1.4
Automotive Manufacturing	0.2	-0.4
Railway, shipbuilding, aerospace and other transportation equipment manufacturing	0.0	0.4
Computer, communications and other electronic equipment manufacturing	0.2	-0.6
Electricity and heat production and supply industry	-0.4	-0.7
Gas production and supply industry	-0.1	3.5
Water production and supply industry	0.3	1.4