The National Bureau of Statistics of China responds to the expansion of CPI year-on-year increase: price stability has a good foundation
China News Service, Beijing, December 15 (Reporter Wang Enbo) In response to the increase in China's Consumer Price Index (CPI) in November, the year-on-year increase, Fu Linghui, spokesperson of the National Bureau of Statistics of China and Director of the General Statistics Department of National Economy, 15th The response stated that, in general, there is still a good foundation for price stability.
Official data show that China’s CPI rose by 2.3% year-on-year in November, an increase of 0.8 percentage points from the previous month.
Fu Linghui stated at the press conference of the State Council Information Office that this is mainly due to three reasons: first, it was affected by the low base of the same period last year; second, the increase in vegetable prices in food prices increased year-on-year; third, gasoline and diesel in industrial consumer goods The price increase has expanded.
But he pointed out that overall, in November, the core CPI excluding food and energy rose 1.2% year-on-year, which is still at a relatively moderate level.
Compared with the previous month, the core CPI growth rate dropped by 0.1% and remained basically stable, indicating that the overall situation of market supply and demand is basically balanced.
Looking to the future, Fu Linghui believes that there are many favorable factors for the moderate increase in China's CPI.
From the perspective of food, the year-round grain harvest has laid a good foundation for the stability of food prices.
This year, China's grain output has remained above 1.3 trillion catties for seven consecutive years, which is the most important basis for food price stability.
The relatively high price increase of fresh vegetables is of a phased nature, mainly due to the influence of winter climatic factors.
From a month-on-month perspective, the price of fresh vegetables in November rose by 6.8% from the previous month, and the increase was 9.8% lower than the previous month.
Talking about the price of pork that has received much attention, Fu Linghui said that the current production and supply of live pigs and the recovery of production capacity have reached normal levels.
Winter is generally the season when pork consumption is relatively vigorous. Driven by factors such as New Year's Day and Spring Festival holidays, pork prices may improve.
However, the supply of live pigs has gradually recovered on the whole, and the possibility of a sharp rise in the next stage is unlikely.
From a non-food perspective, Fu Linghui said that although the price of transportation fuels, especially gasoline and diesel, may still be affected by international factors, there may be some uncertainty, but the supply of other industrial consumer goods and services is generally sufficient, and the price increase is also high. Will remain stable.
For example, in November, the prices of clothing, daily necessities and services, and medical care rose by 0.5%, 0.5%, and 0.6% year-on-year respectively, which were basically stable on the whole.
(Finish)