Development And Reform Commission: Prudent Monetary Policy Will Control Prices
Development and Reform Commission
The person in charge concerned recently
On the whole, the official said, in November, CPI rose by 5.1% over the same period, mainly due to the rising price of food and housing. This trend has not changed.
Among them, food prices rose by 3.8 percentage points, and residential prices rose by 0.9 percentage points.
The two item accounts for 92% of the total price increase.
He pointed out that in the factors of price increase in November, temporary and seasonal factors accounted for a great deal.
component
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The official stressed that after the issuance of Document No. 40 of the State Council, preliminary results have been achieved. The stabilization of the prices of the necessities of living commodities such as grain, oil, meat and vegetables will lay a firm foundation for stabilizing the general level of consumer prices and ensuring the basic livelihood of the masses in the later period.
He also explained that as the October and November began to enter the winter, the supply of fresh agricultural products was relatively reduced, seasonal consumption increased, and the prices of food in the early stage increased rapidly, so it was reflected in the CPI in November.
In addition, the State Council requires that all policies be put into place before December 20th, and that the implementation of stable price policies and measures needs a process.
The responsible person said that due to the new price increase factors in October and November, the first half of next year, especially in the first quarter, lagged behind, and it is expected that consumer prices will continue to run high in the first quarter of next year.
On December CPI data, the person in charge analysis said that since the end of November this year, the prices of household necessities such as grain, oil, meat and vegetables have stabilized or declined. It is initially estimated that the CPI increase in November is the high point this year. The Kanoue O factor will affect the December CPI growth, which may fall back to less than 5%.
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