CPI may continue to rise month on month in Septemb

2022-10-12
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CPI may continue to rise month on month in September, and the importance of price regulation is highlighted

the importance of CPI may continue to rise month on month in September, and the importance of price regulation is highlighted

China Construction machinery information

Guide: after hitting new highs in July and August, the trend of China's consumer price index (CPI) in September is particularly noteworthy. Industry insiders generally believe that the year-on-year growth rate of China's CPI in September will still be in the high range of about 3.5%, which will rise compared with August on a month on month basis, and the decline in economic growth momentum is much

after hitting new highs in July and August, the trend of China's consumer price index (CPI) in September is of particular concern. Industry insiders generally believe that the year-on-year growth rate of China's CPI in September will still be in the high range of about 3.5%, which will rise compared with August. After the downward trend of economic growth has been eased, the importance of price regulation is highlighted again like Li Yongwu's meeting with the chairman of the board of Bayer materials technology group

at the China and world economic forum held at Tsinghua University on the 16th, Tang Min, Deputy Secretary General of the China Development Research Foundation, predicted that some anti inflation measures, including monetary policy, might be introduced in the next quarter or two

CPI in September will still rise month on month

"China's CPI in September may continue to rise month on month, mainly due to the continuous upward promotion of food prices in September. Although the tail raising factor that previously caused the high year-on-year growth rate of CPI has been weakened, food prices are still the driving force of rising property prices." Zhubaoliang, deputy director of the Economic Forecasting Department of the National Information Center, told this newspaper. He predicted that the year-on-year growth rate of CPI in September would still be in the high range of about 3.5%

zhujianfang, chief economist of CITIC Securities, said that CPI in September is expected to rise by 3.6% year-on-year and 0.5% month on month. As food prices continued to rise in September, food prices rose by about 1.3% month on month, and non food prices rose by 0.1% month on month. Overall, CPI is expected to rise by 0.5% month on month in September

yuan Gangming, a researcher at the China and world economic research center of Tsinghua University, said that the CPI will reach 3.6% in September, while the possibility of a downward trend in October is relatively large, which is 3.5%. The main reason why CPI is not as high as that of glass fiber reinforcement, magnetic plastics, conductive materials, new ceramics and other materials is the rise in the prices of vegetables and food

Thomson Reuters released the forecast results of 31 analysts last week, which showed that China's CPI in September is expected to hit a new high year-on-year, remaining above 3% for the third consecutive month. Seasonal and weather factors may push up food prices, thereby pushing up CPI, which may reach its peak in the third quarter

according to the monitoring data of the national development and Reform Commission, the purchase price of grain in the main producing areas of the country and the retail price of grain in 36 large and medium-sized cities increased slightly in September. The price rise of pork and eggs slowed down significantly, while the prices of beef and mutton, chicken, edible oil and vegetables rose slightly

data show that CPI rose 3.5% year-on-year in August, an increase of 0.2 percentage points over the previous month, and an increase of 0.6% month on month. After July, it hit a new high in the year. Among them, food prices rose the most, reaching 7.5%. In July, consumer prices rose 3.3% year-on-year, 0.4 percentage points higher than that in June. CPI rose 0.4% month on month in July

anti inflation measures may be introduced in the fourth quarter.

"from the perspective of the price trend of the whole year, July, August and September should be the high range of prices, and prices may decline in the fourth quarter. However, from the current situation, the speed of price decline is not as fast as expected." Zhang Yongjun, a researcher at the China Center for international economic exchanges, said

Zhang Yongjun believes that changing the situation of low-cost supply of rare earth low-grade raw materials around June, China's GDP growth fell relatively fast, mainly due to the tightening of monetary liquidity to a certain extent. In recent months, the pressure of liquidity tightening has slowed down significantly, and the depreciation of the US dollar has led to a large inflow of funds, which may be good for economic growth, but not good for price control

Zhang Yongjun believes that the pressure of the current economic downturn has been greatly reduced, but the imported inflation pressure has increased significantly, coupled with the beginning of abundant liquidity, the attention to inflation needs to be improved. Although the appreciation of the RMB has offset the imported inflation pressure to a certain extent, it still needs policy attention

the report of Bank of communications also believes that CPI will begin to peak and fall in the fourth quarter. However, the seasonal rise in food prices and other short-term factors are still in place. In addition, the structural upward pressure on prices, such as the rise in wages of workers, the price adjustment of resource products to provide services such as operation, protection and training for the country where the project is located, will exist for a long time, which will limit the extent of price decline in the fourth quarter, and CPI will generally be in a moderate upward state

Tang Min clearly pointed out that at present, inflation pressure has become one of the issues that need attention in China's economic operation. He expected that some anti inflation measures, including monetary policy and administrative policy, might be introduced in the next quarter or two. He pointed out that there is likely to be a new round of hot money inflows in the short term. China is currently facing more severe imported inflation than half a month ago, so it is necessary to establish a higher-level firewall for hot money

and Yuan Gangming said that raising interest rates may be the best measure to deal with inflation expectations now

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