China News Service, Beijing, June 16 (Reporter Wang Enbo) Meng Wei, a spokesman for China's National Development and Reform Commission, said on the 16th that China's price level is far lower than that of major economies such as the United States and Europe, and continues to play an important "stabilizer" for global prices. effect.
In May, Chinese prices continued to run smoothly, and upstream and downstream price trends became more coordinated.
Among them, the consumer price index (CPI) increased by 2.1% year-on-year, the same as the previous month, and decreased by 0.2% month-on-month; the industrial producer price index (PPI) decreased to 6.4% year-on-year, the increase narrowed by 1.6 percentage points from the previous month, a continuous 7 months down.
Meng Wei pointed out at the press conference that China's stable price movement was achieved in the context of the continued high international commodity prices and the general inflationary pressures faced by other major economies in the world.
In May, the CPI of the United States and the United Kingdom rose by 8.6% and 9% year-on-year respectively, continuing to hit a new high in the past 40 years; the CPI in the euro area rose by 8.1% year-on-year, a new record high; the CPI of many emerging economies rose by more than 10%, and a few countries. even more than 50%.
She said that looking forward to the latter part of this year, China's grains, oils, meat, eggs, milk, fruits and vegetables and other important commodities for people's livelihood will have stable production and sufficient supply, especially with the large number of seasonal fresh agricultural products on the market, the market supply will continue to increase. Effective, cross-regional transportation capacity has been significantly enhanced, and there is a solid foundation for stabilizing consumer prices. China's CPI will continue to operate within a reasonable range, and can achieve the expected target of about 3% for the year.
In terms of PPI, although geopolitical conflicts are still disrupting the international energy and grain markets, China's self-sufficient grain rations, coal resources can meet demand, and the policy of ensuring supply and stabilizing prices continues to exert force, and it is expected that the increase in PPI is expected to fall further in the later period.
Talking about the recent rebound in the price of live pigs, Meng Wei said that since the basic production capacity of live pigs in China has been reduced to a certain extent, with the gradual increase in pork consumption in the second half of the year, the price of live pigs is expected to recover in general.
However, the current production capacity of live pigs is reasonable and sufficient. At the end of April, the number of breeding sows in the country was 41.77 million, which is in the green range of production capacity. within the overall reasonable range.
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