China News Service, June 15. The National Bureau of Statistics announced the national economic operations in May on the morning of the 15th. In response to questions from the media, Fu Linghui, a spokesman for the National Bureau of Statistics, said that on the whole, the consumer prices of residents have been steadily declining throughout the year, and the possibility of "being high before low" is high.
Fu Linghui said that the drop in consumer prices in May was mainly due to the drop in some food prices. In May, the CPI rose by 2.4% year-on-year, a decrease of 0.9 percentage points from the previous month, and has continued to decline since February. The drop in CPI growth is structurally mainly affected by changes in food prices. Since the beginning of this year, various localities have attached great importance to the production of agricultural products, implemented the responsibility system of the governor of "Rice Bag" and the responsibility system of the "Mayor of Vegetable Basket", and vigorously resumed the production of live pigs with positive results. In May, food prices rose by 10.6% year-on-year, and the growth rate fell continuously. Among them, pork prices rose by 81.7%, falling for three consecutive months; eggs and fresh vegetables prices fell by 14.5% and 8.5%, an increase of 11.1 and 4.8 percentage points from the previous month. .
Fu Linghui's analysis believes that there is a greater possibility of a stable market price in the later period. Driven by a series of consumer-promoting policies, market activity has increased, both retail and catering services have improved, and market demand has gradually recovered, which has had a certain pull-up effect on prices, but prices have remained generally stable or have declined steadily. There are many conditions: First, China's grain production is generally stable and summer grain harvest is on the horizon, laying a solid foundation for stabilizing food prices; Second, the increase in hog production and the decline in the role of pork prices in pushing up CPI; Third, the low price of industrial products and the international commodity The price has dropped significantly, and the price transmission to consumer products is weak. Fourth, the influence of the tail-lifting factor is also declining. In the second, third, and fourth quarters, the influence of the tail-lifting factor on the CPI will decline quarter by quarter. On the whole, the consumer prices of the whole year have been steadily decreasing, and the possibility of "being high before low" is high.