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Xinhua News Agency, Beijing, November 10.
Xinhua News Agency reporters Chen Weiwei and Chen Aiping
According to data released by the National Bureau of Statistics on the 10th, in October, the national consumer price index (CPI) rose by 0.
Dong Lijuan, senior statistician of the City Department of the National Bureau of Statistics, analyzed that the year-on-year increase in CPI fell more, mainly due to the high comparison base in the same period last year, the reduction of tail-raising factors, and the change of pork prices from rising to falling
Food prices, especially pork prices, were the main factors driving the year-on-year decline in CPI growth
Guo Liyan, director of the Market and Price Research Institute of the China Academy of Macroeconomics, analyzed that the comparison base of pork prices in October last year was high.
In addition, energy prices are also a factor that led to the decline in the year-on-year increase in CPI
From the month-on-month data that can better reflect short-term changes, food prices also contributed to the fall in the CPI
Dong Lijuan introduced that in food, the production capacity of live pigs continued to recover, and the supply of pork continued to improve.
Although the year-on-year increase of CPI has dropped and the month-on-month decrease, the price movement center is still stable
"The core CPI can better reflect the macroeconomic operation, especially the dynamic balance between total supply and total demand
Guo Liyan further analyzed that the prices of some commodities and services that make up the core CPI continued to rebound slightly, such as the prices of housing, life services, education, cultural tourism, and medical services showed a slight positive month-on-month increase.
Since the beginning of this year, the year-on-year increase of CPI has shown a clear trend of "high before and then low"
Expert analysis shows that the CPI will remain low in the second two months of this year
In Guo Liyan's view, with the acceleration of the domestic economic cycle, especially the steady rise in consumption of consumer goods and services, the core CPI will continue to maintain a stable operation
