Zhongxin Finance, June 16. The National Development and Reform Commission held a regular press conference in June on June 16. At the meeting, a reporter asked: How do you view my country's current price situation in the context of generally high inflation in the world?
Will domestic prices also rise sharply in the later period?
In this regard, Meng Wei, a spokesman for the National Development and Reform Commission, said that in May, my country's prices continued to run smoothly, and the 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.
It should be noted that the stable operation of domestic prices was achieved against the backdrop that international commodity prices continued to run high and other major economies in the world were generally facing greater inflationary pressures. The achievements were hard-won.
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%.
It can be said that my country's price level is far lower than that of major economies such as the United States and Europe, and it continues to play an important "stabilizer" role in global prices.
Looking forward to the latter part of this year, my country's grain, oil, meat, eggs, milk, fruits and vegetables and other important livelihood commodities 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. The regional transportation capacity has been significantly enhanced, and there is a solid foundation for stabilizing consumer prices. The domestic CPI will continue to operate within a reasonable range, and the expected target of about 3% for the year can be achieved.
In terms of PPI, although geopolitical conflicts are still disturbing the international energy and grain markets, domestic rations are self-sufficient, coal resources can meet demand, and the policy of ensuring supply and stabilizing prices continues to exert force. It is expected that the increase in PPI is expected to fall further in the later period.
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