Will domestic prices rise sharply?National Development and Reform Commission responses

Zhongxin Finance, June 16th. The National Development and Reform Commission held a June routine press conference on June 16. At the meeting, reporters asked questions: How do you think of the current price situation in my country under the circumstances of general high inflation in the world? Will domestic prices rising sharply later?

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 prices trended more coordinated. Among them, the consumer price index (CPI) increased by 2.1%year -on -year, which was the same as last month, and decreased by 0.2%month -on -month; industrial producer price index (PPI) fell to 6.4%year -on -year 7 months fell.

It should be noted that the smooth operation of domestic prices is achieved in the context of the continued high operation of international commodity prices and the general inflation pressure of other major economies around the world, and the results are not easy. In May, the US and British CPIs increased by 8.6%and 9%year -on -year, which continued to reach a new high of 40 years. The CPI of the euro zone increased by 8.1%year -on -year, a record high; many emerging economies of CPI increased by more than 10%, and a few countries. It even reached more than 50%. It can be said that my country's price level is much lower than that of major economies such as the United States and Europe, and it has continued to play an important "stabilizer" role in global prices.

Looking forward to the late period of this year, my country's grain, oil, meat, eggs, milk, fruits and vegetables and other important people's livelihood products have stable production and sufficient supply. Especially with the large number of live agricultural products on the season, the market supply will continue to increase. In addition The regional transfer capacity is significantly enhanced, and the consumption price of residents has a solid foundation. The domestic CPI will continue to run in a reasonable range, which can complete the expected target of about 3%of the year. In terms of PPI, although geopolitical conflicts are still disturbing the international energy and grain market, domestic food independent self -sufficiency and coal resources can meet demand. In addition, the continuous efforts of maintaining stable and price policy are expected to further fall in the later PPI increase.

Source: China News Network

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