In the first quarter, the income of residents in Guangdong still maintained a growth trend, with per capita disposable income of 13360 yuan, a year-on-year increase (unless otherwise specified below, it is a year-on-year nominal growth rate) of 5.7%, including per capita wage income of 9069 yuan, an increase of 5.5%. On April 19, the data released by the Guangdong survey team of the National Bureau of statistics showed that in the first quarter of 2022, the per capita consumption expenditure of Guangdong residents was 8393 yuan, a year-on-year increase of 4.6%. Over the same period, the price index rose steadily. In the first quarter, Guangdong's consumer price index (CPI) rose 1.7% year-on-year, of which grain prices remained stable, up 1.3% year-on-year. The industrial producer price index (PPI) rose 4.7% year-on-year. Per capita disposable income of rural residents Over 6600 yuan According to the data released by the Guangdong survey team of the National Bureau of statistics, in the first quarter, the per capita disposable income of Guangdong residents was 13360 yuan, a year-on-year increase of 5.7%. According to permanent residence, the per capita disposable income of urban residents was 16230 yuan, an increase of 4.9%; The per capita disposable income of rural residents was 6639 yuan, an increase of 6.6%. From the perspective of income sources, the per capita wage income of Guangdong residents was 9069 yuan, an increase of 5.5%, accounting for 67.9% of disposable income. "Compared with the whole country, the per capita wage income of Guangdong residents accounts for a higher proportion of disposable income, which reflects that Guangdong has achieved good results in guiding the rational, smooth and orderly flow of labor factors. A large number of enterprises are highly concentrated to support the growth of wage income." Zheng Yinglong, a researcher at the Institute of industrial economics of Jinan University and vice president of Guangdong consumer economics society, said. Residents' income is the direct source of residents' consumption, and their fluctuations show a strong correlation. In the first quarter of 2022, the per capita consumption expenditure of Guangdong residents was 8393 yuan, a year-on-year increase of 4.6%. According to permanent residence, the per capita living consumption expenditure of urban residents was 9639 yuan, an increase of 3.4%; The per capita living consumption expenditure of rural residents was 5476 yuan, an increase of 7.4%. According to consumption categories, the growth rate of consumption expenditure of eight categories of residents in Guangdong shows a trend of "six rises and two falls". Among them, transportation and communication expenditure increased by 15.0% year-on-year, 6.9 percentage points higher than the same period last year; The growth rate of expenditure on other supplies and services, housing, food, tobacco and alcohol, health care, daily necessities and services slowed down, with a year-on-year increase of 11.1%, 5.6%, 4.4%, 3.7% and 2.3% respectively; Expenditure on education, culture and entertainment and clothing decreased by 2.1% and 7.5% year-on-year. Oil, coal and other fuel processing industry prices rose 39.5% Data show that in the first quarter, the consumer price index (CPI) of Guangdong rose by 1.7% year-on-year, with a difference of 2.4 percentage points compared with a decrease of 0.7% in the same period last year. Among them, the impact of the new price increase factor is about 1.1 percentage points, and the impact of the tail warping factor is about 0.6 percentage points. Excluding food and energy prices, core CPI rose by 1.5%. Regardless of the classification, in the first quarter, the prices of all eight categories of goods (services) constituting CPI increased by 0.2% - 6.2%. Among them, the price of transportation and communication increased by 6.2%, the price of education, culture and entertainment increased by 2.3%, the price of housing increased by 1.5%, the price of daily necessities and services increased by 1.3%, and the price of food, tobacco and alcohol increased by 0.2%. In food, grain prices remained stable, up 1.3% year-on-year. In terms of industrial product prices, in the first quarter, Guangdong's industrial producer price index (PPI) rose 4.7% year-on-year, an increase of 4.6 percentage points over the same period last year. From the perspective of monthly price trend, in the first quarter of 2022, PPI operated in a positive growth range year-on-year. From January to March, PPI increased by 4.7%, 4.9% and 4.5% respectively; PPI showed a trend of "restraining first and then increasing" month on month. Among them, it decreased by 0.4% in January, increased by 0.4% in February and further expanded to 0.6% in March. Experts believe that among the 38 major industries surveyed by PPI, the year-on-year price "increased by 32, decreased by 5 and leveled by 1", with an increase of 84.2%, an increase of 39.5 percentage points over the same period last year. Industries with large year-on-year price increases include: the price of oil, coal and other fuel processing industry increased by 39.5%, the price of oil and natural gas exploitation industry increased by 28.8%, the price of ferrous metal smelting and rolling processing industry increased by 26.6%, the price of chemical fiber manufacturing industry increased by 22.5%, and the price of non-ferrous metal smelting and rolling processing industry increased by 19.1%. Zheng Yinglong believes that both the epidemic and international conflicts have a great impact on the international commodity market, resulting in a significant rise in the price of raw materials. In addition, the epidemic has caused poor logistics in some regions and increased the price of raw materials. "In the next step, we should think more deeply and break down the problems of market segmentation and regional barriers, so as to fully flow various economic factors and accelerate the economic cycle". (Xinhua News Agency)