May decline in CPI reduced PPI expansion

Xinhua News (reporter Longlu) this morning, the National Bureau of Statistics released the latest statistical data show: May, the total consumer price level (CPI) fell 1.4% Year-on-year, industrial products, factory prices (PPI) plummeted 7.2%. Statistics show that in the CPI index, cities fell by 1.5%, rural areas fell by 1%, food prices fell 0.6%, Non-food prices fell by 1.7%, consumer prices fell 1.4%, and service prices fell by 1.3%.　　From the month-chain view, the total level of consumer prices fell 0.3% from April, food prices fell 0.6%, of which the price of fresh vegetables fell 7.1%, eggs price rose 2%. From 1 to May, the total level of consumer prices fell 0.9% year-on-year.　　Among them, the city fell 1.2% and the countryside fell by 0.4%.　　Eight categories of consumer goods price index five down three to five drops in food prices fell 0.6% year-on-year.　　Clothing prices fell 2.3% year-on-year.　　Traffic and communications prices fell 2.3% year-on-year.　　Entertainment education stationery and service prices fell 0.8% year-on-year.　　Residential prices fell 4.8% year-on-year.　　Three rise in tobacco and alcohol and supplies category prices rose 1.4% year-on-year.　　Home appliances and maintenance services rose 0.5% per cent year-on-year.　　Health care and personal goods prices rose 0.9% per cent year-on-year.　　Crude oil ex-factory price down 50.6% statistics show: May, the factory prices of industrial products fell 7.2%, raw materials, fuel, power to buy down 10.4%.　　One of the crude oil factory prices fell 50.6% per cent year-on-year, coal mining and washing industry prices rose 5.5% year-on-year, non-ferrous metal smelting and calendering processing factory prices fell 23.9% year-on-year.　　From 1 to May, the factory prices of industrial products fell 5.5% year-on-year, raw materials, fuel, power purchase price down 8.2%.　　The decline in the CPI means what experts analyze the decline in the CPI reduction means what is reducing the year-on-year decline in CPI, some experts said: this means that China's economy has tended to a good situation, in the next few months, the CPI will also appear to rebound trend. The main reason for the continued expansion of PPI in May is that the negative impact of the international financial crisis on the real economy is still increasing. Although some economic indicators have shown signs of a stop-fall this year, overall, however, the economic recession in major economies is still continuing, especially in the overall decline in industrial consumer prices; from the view of supply and demand, the situation of oversupply of industrial products in China is difficult to change in the short term, thus restraining the rapid rebound of PPI in China.　　Second, due to the 2008 industrial prices in the first 8 months in the rapid "climbing" stage, May 2008 factory prices and raw materials, fuel, power purchase price increases, significantly higher than this year's May Quarter-on-quarter increase, the performance of this year in May of industrial prices decline continued to expand.　Beijing prices rose 0.2% from last month　This report (reporter Zhang Nan Longlu) according to the National Development and Reform Commission published statistics show that Beijing house sales prices and second-hand housing sales price has been negative for 5 consecutive months.　　Among them, Beijing house sales prices fell 1.1% in May Year-on-year, the chain Rose 0.2%. Beijing's new housing prices and 90 square meters and the following new housing sales prices since March this year, has been showing a gradual upward trend.　　New housing prices rose slightly by 0.5% in May from April, while sales of 90 square metres and below are up 2% from April.　　Second-hand housing prices fell again this year to a new low, May year-on-year decline reached 3.2%. Nationwide, 70 of the country's housing sales prices fell 0.6% year-on-year, down from 0.5% last month, the chain Rose 0.6%, the increase than last month to expand 0.2%.　　The biggest increase was in Yinchuan, 5.9%, and the city with the biggest drop was 6.9% in Shenzhen.　　Statistics show: May, the National Real Estate Development Index ("Country housing Boom Index") for 95.94, compared to April increase 1.18 points. The data also shows: January-May, the country completed real estate development investment of 1.0165 trillion yuan, an increase of 6.8%, an increase of 1.9% than January-April, the same period last year fell 25.1%. January-May, the National commercial housing sales area of 246.44 million square meters, an increase of 25.5%.