CPI has risen month-on-month for two consecutive months, and social effective demand has recovered moderately. In January 2024, residents’ consumer demand continued to increase due to the holiday effect.
International oil prices first rose and then fell, causing domestic refined oil prices to fall slightly by about 1%. As the Spring Festival travel season begins, migrant workers return to their hometowns, tourism travel increases, and demand for pre-holiday services increases. The prices of air tickets, tourism, housekeeping and other services have increased.