The National Bureau of statistics responds to the dispute over the increase of PPI and CPI
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: from January to July this year, the general level of consumer price and the general level of factory price of industrial products rose by 2.2% and 5.6%, respectively The difference between the two price levels increased from 1.1% last year to 3.4% In view of the great contrast between the two price trends, the relevant parties question the coverage of consumer price index (CPI), and think that some commodities in commodity housing and PPI should be included in CPI statistics, so as to fully reflect the changes of current market prices The Department of urban socio economic survey of the National Bureau of Statistics said yesterday in response The investigation scope of the two indexes and the composition of their "commodity baskets" are determined in strict accordance with the classification standards of the national economic accounting system and the requirements of the internationally accepted rules, fully reflecting the objective requirements of price changes in specific fields reflected by each index "We can neither completely deny the price transmission effect of PPI on CPI, nor arbitrarily exaggerate and guess the transmission effect," said the National Bureau of statistics
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