# Consequential: overall stabilization of the CPI flat PPI return level By [JeremyToby](https://paragraph.com/@jeremytoby) · 2023-06-15 --- Column writers of the documentary/new wave financial opinion (Bkopleader) Integrated CPI and PPI show that current prices remain moderate and rising, creating a better price environment for macro-regulation policies. Summary of views In October, the CPI increased by 2.5 per cent, the same increase as in the previous month, and PPI increased by 3.3 per cent, a decrease of 0.3 per cent over the previous month. Integrated CPI and PPI show that current prices remain moderate and rising, creating a better price environment for macro-regulation policies. The sharp increase in food prices and non-food prices contributed to the overall stability of the CPI, the same increase as last month. Food prices are 0.3 per cent, entering the fall into a centralized market for agricultural products and facilitating the return of food prices. The rise in non-food prices by 0.3 per cent was influenced by higher international oil prices and higher domestic oil prices, with a marked increase in petrol, diesel and liquefied petroleum gas. From the same token, food prices increased by 3.3 per cent, with a sharp increase of 0.3 percentage points, with the price of fresh fruit, fresh vegetables and eggs rising significantly. The increase in non-food prices was 2.4 per cent, an increase of 0.2 per cent. CPI, excluding food and energy, rose by 1.8 per cent, a moderate increase. PPI has recovered from a downward trend and has contributed to a continued narrower increase. PPI increased by 0.4 per cent, a decrease of 0.2 per cent over the previous month, with oil, coal, fuel-processing industries falling back by major price increases. From the same token, PPI has gradually declined over the past three quarters with a downward trend. The prices of industrial producers increased by 4 per cent on the same basis, although the increase was back, it was still significantly higher than the prices of the outlets, indicating that industrial enterprises were more expensive and would affect the level of business profits. The return of crude oil prices after October, with a return of more than 15 per cent, will ease the upward pressure on non-food prices and will also have a downward impact on the PPI increase. In the context of a steady slowdown in domestic and external demand and a return of upstream production prices for end-products, overall prices lack the incentive to increase. Sound monetary policies do not significantly release liquidity and do not have the effect of raising prices, and the return of former M1 and M2 may affect the return of CPI. PPI’s closing factors were significantly lower, new price increases were weak and the increase would remain narrower. The policy focus on filling floors is on capital investment, which may result in a gradual increase in relevant industrial products. Contents In October, the CPI increased by 2.5 per cent, the same increase as in the previous month, with an impact of 0.3 percentage points on the tailings and 2.2 percentage points on the new price increase. PPI increased by 3.3 per cent on the same scale, a decrease of 0.3 per cent over the previous month, with an impact of 1.2 per cent on the end factor and 2.1 per cent on the new price increase. Integrated CPI and PPI show that current prices remain moderate and rising, creating a better price environment for macro-regulation policies. The same increase in the CPI was equal to the previous month CPI rose by 2.5 per cent in October 2018, the same increase as last month. The CPI ring rise by 0.2 per cent, a 0.5 per cent decrease over the previous month. The core CPI, excluding food and energy, increased by 1.8 per cent, a small increase of 0.1 percentage points over the previous month. The collapse in food prices and non-food prices contributed to the overall stability of CPI. Food prices are 0.3 per cent, entering the fall into a centralized market for agricultural products and facilitating the return of food prices. The price of fresh vegetables and eggs declined by -3.5 per cent and 4 per cent, respectively. The price of pork and the price of fresh fruit increased by 1 per cent and 1.9 per cent, respectively. The rise in non-food prices by 0.3 per cent was affected by the previous increase in international oil prices and a sharp increase in domestic oil prices, such as petrol, diesel and liquefied petroleum gas, which increased by 4.2 per cent, 4.7 per cent and 1.8 per cent, respectively. The ratio between tourism and airfares has declined. In the same vein, food prices were narrower than they had increased, and non-food prices increased significantly, promoting the same increase in CPI as in the previous month. Food prices increased by 3.3 per cent, a decrease of 0.3 per cent. The prices of fresh fruit, fresh vegetables and eggs were higher, at 11.5 per cent, 10.1 per cent and 7.8 per cent, respectively. The increase in non-food prices was 2.4 per cent, an increase of 0.2 per cent. Gasoline and diesel prices increased by 22.5 per cent and 25. per cent, respectively, and increased significantly. Housing prices, education services and health-care prices have increased by 2.5 per cent, 3.2 per cent and 2.6 per cent, respectively. The core CPI, excluding food and energy, rose by 1.8 per cent, a slight increase of 0.1 percentage points over the previous month. The PPI increase was narrowed for four consecutive months. PPI increased by 3.3 per cent in October 2018, a decrease of 0.3 per cent over the previous month, a decrease of four consecutive months. PPI increased by 0.4 per cent, a decrease of 0.2 per cent over the previous month. The import price index (PPIRM) for industrial producers rose by 4 per cent, a decrease of 0.2 percentage points over the previous month. PPIRM increased by 0.7 per cent, an increase of 0.1 percentage points. PPI has recovered from a downward trend and has contributed to a continued narrower increase. PPI increased by 0.4 per cent, a decrease of 0.2 per cent over the previous month. The major sectors in which the price rings have rebound are the oil, coal, fuel-processing industries, which have been expanded by the oil, gas, coal mining and non-ferrous metal smelting and pressure-over industries, and the chemical fibre manufacturing industry has been reduced. From the same token, PPI has gradually declined over the past three quarters with a downward trend. This month’s price increases were more evident in the manufacturing of chemical raw materials and chemical products, the non-metal mineral industry, the black metal smelting and pressure-up processing industry, and the fuel-processing industry. It should be noted that industrial producers’ acquisition prices increased by 4 per cent on the same scale, although falling back, but still significantly higher than out of the factory price, and that the PPIRM ring increase expanded for four consecutive months, at 0.7 per cent this month, reflecting higher cost pressures on industrial enterprises, which will affect business profits. --- *Originally published on [JeremyToby](https://paragraph.com/@jeremytoby/consequential-overall-stabilization-of-the-cpi-flat-ppi-return-level)*