Statistical Analysis of the Current Situation in China Price: Currently there is
National Bureau of Statistics released August 11, economic data, price data change is striking: the consumer price chain (last month) there rose the first time in 7 months, or 0.5%; Industrial Products Chain up 5 consecutive months.
Combination of some recent food price increases and continued for some time of rapid credit growth, "inflation" of the talk more and more. So, what if there is inflation?
"Inflation does not currently exist." National Bureau of Statistics spokesman Li Chao told a news conference to answer a reporter's question clear. He said that the rise in the price chain, reflecting the increase in aggregate demand. Data read from the same period last year, CPI and PPI are still down.
8 months, China's CPI fell 1.2%, PPI fell 7.9%. The two main price indexes in negative circumstances, the rise in inflation that is clearly untenable.
"Should be the total demand from the society is to restore and increase the angle of view than the price ring up." Macroeconomic State Council Development Research Center, said Zhang Liqun, a research fellow.
Zhang Liqun that, CPI up the chain there, mainly because food prices. In August, food prices rose 1.3% in the chain. The current food price rise was mainly recovery. Food prices continued to drop since last year, and then continue to combat the cultivation and breeding will be positive, on the contrary, the adverse price stability next year.
Present, China's grain harvest row, pig production in the previous stage of expansion of national policy support faster, the supply of food commodities with strong capability. Zhang Liqun that the current food prices, tight supply is unlikely to emerge in the past arising from the continuing sharp rise.
As for the PPI, as international commodity prices continue to rise, and the gradual recovery of domestic demand, the chain continued to slightly, in fact, a sense of economic growth vitality, positive signs of improved business efficiency. In August, China's PPI rose 0.8% in the chain, for 5 consecutive months of increases. 22 provinces in economic efficiency of large industrial enterprises have emerged in July shifts and changes to positive growth by the continuous decline.
"Current economic development remains the main problem facing the relative lack of demand. The problem is not inflation, but to expand the market-driven demand." Said Zhang Liqun.
The current money supply growth steady. New yuan loans in the country in August 410.4 billion yuan, increased 54.4 billion yuan more than last month though, but "heavy blows", "strong medicine" special over 1 trillion yuan during the new month compared to the situation, more stable . Currency in circulation (M0) grew 11.5%, are more stable.
Although there is no immediate inflation, but Zhang Liqun that the potential risk of inflation is still cause for concern.
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