Data map: citizens are buying fruits in supermarkets.
Photo by China News Agency reporter Zhang Lang
Chinanews client, December 15 (Li Jinlei) In November, CPI fell by 0.5% year-on-year. Will China experience deflation?
In response to this, Fu Linghui, spokesperson for the National Bureau of Statistics, responded at a press conference on the 15th, saying that this is the first time that CPI has fallen since October 2009, mainly because of the decline in food prices, of which pork prices are the most important. The price of pork fell by 12.5%, which affected the decrease of CPI by about 0.6%.
At present, demand for consumption and investment is expanding, and grain harvests have been achieved. All regions continue to promote supply and price stability. As the economy gradually returns to normal, the increase in consumer prices will return to a reasonable level.