China's CPI will remain high in the first quarter

2022-08-11
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In the first quarter of 2011, China's CPI will still operate at a high level

in the first quarter of 2011, China's CPI will still operate at a high level

China Construction machinery information

eliminate or effectively reduce structural or non structural damage Guide: Although CPI fell for the first time after a lapse of six months in December last year, CPI still reached 3.3% last year. The national development and Reform Commission said that China's CPI will remain high in the first quarter, and controlling inflation is the top priority in the near future. Experts believe that controlling inflation will be the core of half a year's economic policy if you have any problems in using it. National Bureau of Statistics

although CPI fell month on month for the first time after six months in December last year, CPI still reached 3.3% last year. The national development and Reform Commission said that China's CPI will remain high in the first quarter, and controlling inflation is the top priority in the near future. Experts believe that controlling inflation will be the core of economic policy in the first half of the year

the National Bureau of statistics released macroeconomic data for 2010. Last year, CPI (consumer price) increased by 3.3% year-on-year, exceeding the 3% target set at the beginning of the year. CPI growth fell in December, but still reached 4.6%

The high growth of CPI in the second half of last year, especially in the fourth quarter, raised the annual level, and reached 5 in November to enhance the market competitiveness of products 1% of the highest point in the year. CPI rose by 4.7% in the fourth quarter

according to the data, China's GDP (gross domestic product) for the whole year last year was preliminarily estimated to be 39798.3 billion yuan, an increase of 10.3% year-on-year. Ma Jiantang, director of the National Bureau of statistics, said that the contribution rate of domestic demand to China's economic growth in 2010 was about 92%. Among them, the contribution rate of final consumption to GDP growth is 37.3%, the contribution rate of capital formation to GDP growth is 54.8%, and the contribution rate of net exports of goods and services to GDP growth is 7.9%

the national development and Reform Commission said that the main reason for the fall in CPI in December last year was the effectiveness of macro-control policies. In November last year, the State Council issued the "national 16 articles", which adopted a series of measures to increase supply, regulate demand, ensure circulation and increase subsidies to low-income groups, because the main component of wood flour is cellulose. The data showed that the price of fresh vegetables fell by 9.4% month on month in December, while the increase in the prices of edible vegetable oil, pork, eggs, sugar, liquefied petroleum gas and clothing also fell to varying degrees

although the high level of CPI has fallen, the national development and Reform Commission believes that the fundamental reasons affecting the current price rise have not been eliminated, and there are still many factors driving the price rise. It is expected that the overall level of consumer prices in China will run at a high level in the first quarter of this year, and ensuring price stability is still the primary work. Ma Jiantang said at the press conference: "last year, the tail raising factor for this year was about 2.6 percentage points. In addition, there are factors such as the rise of labor, land resources and other costs. This year, China's prices do have upward pressure."

Tang Jianwei, a senior Macro Analyst at the financial research center of the Bank of communications, predicts that the average level of CPI this year will reach about 4.5%, and the price peak of 6% in the year may appear in the first quarter, while China's GDP growth of 10.3% has reached a rapid growth rate. Therefore, GDP can be appropriately sacrificed and more stringent measures can be taken to control inflation. In the first half of this year, the three rates of deposit reserve ratio, interest rate and exchange rate may work together

guotianyong, director of the China Banking Research Center at the Central University of Finance and economics, said that GDP was 10.3% and CPI was 3.3%, indicating that China's economic growth in 2010 was still in a stable and rapid region. It is expected that in the first half of this year, the GDP will still be at a high level of about 10%, and the CPI may reach 5.5%-6% in February and March. It is expected that the central bank will raise interest rates twice before and after the Spring Festival and in April and may, and the RMB appreciation rate may reach 3% in the first half of this year

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