National Development and Reform Commission: Overall judgment

Yang Yinkai, deputy secretary -general of the National Development and Reform Commission, said at a routine briefing of the State Council's policy on August 26 that since the beginning of this year, in the context of high international inflation, all regions and departments have conscientiously implemented the Party Central Committee and the State Council decision -making Deployment, continuously strengthen the construction of the supply and storage and marketing system of key commodities, earnestly do a good job of maintaining and stable prices, and the overall price operation of domestic prices is stable. From January to July, the consumer price index (CPI) increased by 1.8%year -on -year, and the month in July was 2.7%year -on -year, far lower than the level of major economies such as the United States and Europe and most emerging market countries. Overall judgment, CPI expectations of about 3%of this year can be achieved. However, it is also necessary to see that due to factors such as the pressure of input inflation and the seasonal rise of pork prices, the low base effect of the same period last year was superimposed. The domestic price level may be slightly higher than the previous quarter of this year to the first quarter of next year. Essence Especially due to the impact of the epidemic and disaster conditions, the number of people in difficulties has increased, and basic life may face greater pressure. Even if domestic prices have not increased, the feelings of people in difficulties may be obvious.

Source: CCTV

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