my country’s prices generally remain within a reasonable range and become an important “stabilizer” for global prices
CCTV News: Experts said that since the beginning of this year, affected by factors such as extremely loose policies and supply bottlenecks, global prices have risen significantly, and some economies have shown varying degrees of "inflation".
At present, the overall price of my country will remain within a reasonable range, and it has become an important "stabilizer" of global prices.
The global price level has clearly risen, and the CPI and PPI of many countries have risen to multi-year highs and even hit historical highs.
In terms of CPI, the United States, the Eurozone, Brazil, and Turkey rose 6.2%, 4.1%, 11.1%, and 19.9% respectively year-on-year in October.
Among them, the United States hit a record high in nearly 31 years, and the Eurozone tied the record high.
From the perspective of PPI, the United States, Brazil, and Turkey rose 8.6%, 26%, and 46.3% year-on-year respectively in October.
In September, the Eurozone rose 16% year-on-year, a record high.
Zhang Xuewu, Director of the Analysis and Forecast Division of the Price Monitoring Center of the National Development and Reform Commission: After the outbreak last year, major developed countries introduced unprecedented fiscal and monetary policies, which not only stimulated economic recovery, but also quickly released global consumption.
However, at the same time, due to poor prevention and control of the epidemic, supply problems have occurred, labor has withdrawn from the market, port transportation has been blocked, freight rates have soared, and many commodities have been in short supply.
In addition, this year, affected by the weather, energy prices have risen sharply, pushing up the price level of these countries.
Experts say that compared with high global inflation, my country's prices are generally operating within a reasonable range.
In October, my country’s CPI rose by 1.5% year-on-year, and rose by an average of 0.7% from January to October, maintaining stable operations.
Although, affected by the rise in international commodity prices, my country’s PPI growth rate has expanded since the beginning of this year, but it is at the same level as developed economies and lower than other emerging economies.
At present, my country's economy has a long-term upward trend, the fundamentals have not changed, and the overall price operation is stable and controllable, and there will be no "inflation". It has become an important "stabilizer" of global prices.
Zhang Xuewu, Director of the Analysis and Forecast Division of the Price Monitoring Center of the National Development and Reform Commission: Because our country has taken the lead in the world to resume work and production, the supply of consumer goods and food is sufficient, and the prices continue to remain stable. This kind of "ballast stone" for stable prices in the world.
On the other hand, the country has implemented a prudent monetary policy and has not adopted the strong stimulus of flooding, especially in the face of rising commodity prices, comprehensive policies, implementation of two-way adjustment of supply and demand, strengthening of market supervision, and stabilizing expectations.
Through this series of measures, some unreasonable increases in commodity prices have been curbed.