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Reporter of Every Economic News: Li Xuanzhang Editor of Every Economic News: Chen Xing

On August 15, the State Council Information Office held a press conference to introduce the national economic operation in July 2024.

In July, the national PPI (Producer Price Index) fell by 0.8% year-on-year and 0.2% month-on-month, the same decline as the previous month. What are the factors behind this? How do you view the future trend of PPI?

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Liu Aihua, spokesperson, chief economist and director of the National Economic Comprehensive Statistics Department of the National Bureau of Statistics, said in response to questions from the Daily Economic News reporter that from a year-on-year perspective, the specific structural changes are reflected in three aspects, among which the decline in prices of ferrous metals, non-metals and equipment manufacturing related industries is the main reason for the year-on-year decline in PPI. "On the whole, the year-on-year decline in PPI is expected to narrow in the second half of the year, but there are some uncertainties, and some months may still fluctuate."

Liu Aihua told the reporter of Daily Economic News that the national PPI fell by 0.8% year-on-year and 0.2% month-on-month in July, the same as the previous month. From a year-on-year perspective, the specific structural changes are reflected in the following three aspects: