China Net Finance, September 21 (Reporter Chang Shuaishuai) The consumer price (CPI) of 31 provinces in August was released recently. China Net Finance found that Yunnan's CPI led the country in August, with a year-on-year increase of 4.3%; Beijing has two consecutive The monthly increase was the smallest, with a year-on-year increase of 0.9%; in addition, 16 provinces had lower growth rates than the whole country.

CPI in 16 provinces is lower than the national Beijing CPI, the lowest increase for two consecutive months

  From a national perspective, data from the National Bureau of Statistics show that in August 2020, national consumer prices rose 2.4% year-on-year.

  In terms of provinces, Yunnan’s CPI rose the highest year-on-year in August, up 4.3% year-on-year; Beijing’s CPI rose 0.9% year-on-year, the lowest increase in the country for two consecutive months; Jiangxi, Chongqing and Gansu provinces rose 2.4% year-on-year, the same as the country.

  A reporter from China Net Finance noted that in August, Sichuan’s CPI year-on-year increase ended in the lead for many consecutive months, and “ranked” second in the country. Yunnan’s CPI has repeatedly ranked second in the country, surpassing Sichuan by nearly one percentage point in August, ranking second. Top of the list.

  A reporter from China Net Finance found that in August, 12 provinces had a year-on-year increase in CPI that exceeded the national average, and 16 provinces were lower than the national average.

  From the perspective of tiered distribution, only Yunnan Province had a year-on-year increase in CPI during the "four eras"; Sichuan, Anhui, Shanxi, Shandong, and Guizhou were in the "three eras" CPI; and 16 provinces including Hubei and Shaanxi had a year-on-year increase of 2%. There are 8 provinces in "1 Era", 4 more than last month; Beijing is below the 1% level.

CPI growth rate in 19 provinces narrowed compared to last month, pork drove food price growth down

  In comparison, the year-on-year increase of CPI in 19 provinces in August was narrower than that in July, and the increase in 4 provinces was the same as last month.

  According to data from the National Bureau of Statistics, the CPI rose 2.4% year-on-year in August, 0.3 percentage points lower than the previous month.

  Wen Bin, chief researcher of China Minsheng Bank, told China Net Finance reporter that the decline in the year-on-year increase in pork prices was the main reason for the decline in the year-on-year increase in food prices.

Beginning in the second half of last year, pork prices continued to increase year-on-year. Under the influence of the high base effect, pork prices rose by 52.6% this month, a sharp drop of 33.1 percentage points from the previous month and a drop of 5.9 percentage points from the same period last year.

  Meng Wei, deputy director and spokesperson of the Policy Research Office of the National Development and Reform Commission, said at a press conference on the 16th that the current price level is generally within a reasonable range.

The year-on-year increase in CPI has been below 3% for four consecutive months, and the increase in August was the smallest in nearly 17 months.

From a later point of view, the foundation for the stable operation of my country's prices is still solid. With the gradual recovery of live pig production and the significant reduction of tail-raising factors, it is expected that the year-on-year increase in CPI will continue to stabilize.

  Regarding the pork price issue that ordinary people are concerned about, the spokesperson of the National Bureau of Statistics Fu Linghui pointed out that as the stock of live pigs increases, pork prices will remain stable.

Although the demand has recovered in the later period, the possibility of a sharp rise is small.

  The relevant person in charge of the Animal Husbandry and Veterinary Bureau of the Ministry of Agriculture and Rural Affairs previously stated that the tight pork supply situation will gradually ease after the third quarter, and the pork market supply in the second half of the year will be guaranteed.

  According to Huachuang Securities' analysis, with the year-on-year restoration of live pig stocks and the disappearance of floods, it is expected that the production capacity of live pigs will gradually rise in the second half of the year, which in turn will push pork prices down.

  In addition, the Mid-Autumn Festival and National Day are approaching. Meng Wei revealed that before the festival, the National Development and Reform Commission will increase the amount of central frozen pork reserves in accordance with the market situation to meet consumer demand and ensure that pork prices basically operate smoothly.