The National Development and Reform Commission said that CPI will steadily fall back
February 19 06:08:33, 2023
Yesterday, the data released by the National Bureau of Statistics showed that the national consumer price level (CPI) rose by 4.5% year-on-year in January, an increase of 0.4 percentage points over December 2011, ending the trend of five consecutive months. Experts pointed out that the significant rebound in food prices during the Spring Festival has become the main force driving the rebound of CPI. The National Development and Reform Commission also said that with the disappearance of temporary and festive factors, the overall price level will rise steadily. Data show that in January, food prices rose by 10.5% year-on-year, affecting the overall level of consumer prices rose by about 3.29 percentage points. Non-food prices rose 1.8%. Specifically, in January, the price of meat and poultry and its products rose by 18.7%, affecting the overall level of consumer prices rose by about 1.28 percentage points. Among them, pork prices rose 25.0%, affecting the total consumer price level rose by about 0.75 percentage points; fresh vegetables prices rose by 23.0%, affecting the total consumer price level rose by about 0.67 percentage points. In addition to rising food prices, non-food prices such as domestic tobacco and alcohol during the Spring Festival also rose. According to the National Bureau of Statistics, in the year-on-year increase of 4.5% of the total consumer price level in January, the last year's price hikes accounted for about 3 percentage points, and the new price increase factor accounted for 1.5 percentage points. In addition, from a ring comparison, in January, the CPI rose by 1.5% from the previous month, which was significantly larger than the 0.3% increase in December 2011. Among them, the price of food increased by 4.2% from the previous month, affecting the overall level of consumer prices rose by about 1.34 percentage points. Non-food prices rose by 0.2% qoq. The National Development and Reform Commission said yesterday that China's agriculture has stabilized production and increased production for eight consecutive years. The production of pigs and vegetables is generally stable, and the supply of agricultural and sideline products is abundant. With the disappearance of temporary and festive factors, the overall price level will rise steadily. The National Development and Reform Commission pointed out that the increase in consumer prices year-on-year was mainly due to the higher price increase of food products, while the sharp increase in meat and vegetable prices was mainly due to the increase in holiday demand and the adverse factors of bad weather in some areas during the Spring Festival. Keep it basically stable. The National Development and Reform Commission stressed that in the next step, all levels of government will follow the deployment of the Central Economic Work Conference, focus on building a long-term mechanism for stable prices, and continue to implement the "meter bag" governor responsibility system and the "food basket" mayor responsibility system; further promote the cheap store Construction, promote the integration of production, supply and marketing, reduce the cost of circulation; strengthen the supervision of people's livelihood prices, clean up and regulate unreasonable charges, effectively prevent the price trend from rebounding, and maintain the overall price level is basically stable.
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