According to the website of the National Bureau of Statistics, the National Bureau of Statistics today released the national CPI (Consumer Price Index) and PPI (Factory Price Index of Industrial Producers) data for November 2022. Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interpreted this. 1、 The month on month ratio of CPI has changed from increase to decrease, and the year-on-year increase has fallen back. In November, the month on month ratio of CPI has changed from increase to decrease, and the year-on-year increase has fallen back due to the combined influence of domestic epidemic situation, seasonal factors and the higher comparison base in the same period last year. On a month on month basis, CPI fell 0.2% from 0.1% last month. Among them, food prices changed from a 0.1% increase last month to a 0.8% drop, which affected the CPI decline by about 0.14 percentage points. Among the foods, fresh vegetables were well supplied due to good weather conditions, and the price dropped 8.3%, 3.8 percentage points higher than that of last month; The central pork reserve continued to be launched, the supply of live pigs continued to increase, and the price of pork decreased by 0.7% from an increase; The price of fresh fruit rose by 1.5% seasonally. Non food prices remained flat. Among non food products, changes in international oil prices affected domestic gasoline and diesel prices by 2.1% and 2.3% respectively; The new winter clothing came into the market, and the clothing price rose 0.4%; Affected by the epidemic, the prices of air tickets and hotel accommodation decreased by 7.5% and 2.9% respectively. From a year-on-year perspective, CPI rose 1.6%, 0.5 percentage point lower than that of last month. The year-on-year growth rate dropped a lot, mainly due to the impact of the higher base of comparison in the same period last year. Among them, food prices rose by 3.7%, 3.3 percentage points lower than that of the previous month, affecting CPI growth by about 0.68 percentage points. In food, the price of pork rose by 34.4%, 17.4 percentage points lower than that of last month; The prices of eggs, fresh fruits and poultry meat rose by 10.4%, 9.6% and 8.5% respectively; The prices of grain and edible oil rose by 3.0% and 7.6% respectively, and the increase was lower than that of last month; The price of fresh vegetables dropped 21.2%, 13.1 percentage points higher than that of last month. Non food prices rose 1.1%, the same as last month, affecting CPI growth of about 0.88 percentage points. Among non food products, the prices of gasoline, diesel oil and LPG rose by 11.4%, 12.3% and 4.6%, respectively, with all the increases falling back; The price of family services rose by 2.3%, 0.2 percentage points lower than that of the previous month. It is estimated that among the 1.6% year-on-year CPI increase in November, the tail raising impact of last year's price change is about - 0.3 percentage points, and the impact of new price increases is about 1.9 percentage points. The core CPI excluding food and energy prices rose 0.6% year on year, the same increase as last month. 2、 The month on month increase of PPI fell back, and it continued to decline year-on-year. In November, the month on month increase of PPI was slightly affected by the rising prices of coal, oil, non-ferrous metals and other industries; Affected by the relatively high comparison base in the same period of last year, it continued to decline year-on-year. On a month on month basis, PPI rose 0.1%, 0.1 percentage point lower than that of last month. The price of means of production was flat from 0.1% increase last month; The price of means of living rose 0.1%, down 0.4 percentage points.