Statistics Bureau: The Pressure Of Price Rise Has Eased.

According to the latest statistics from the Statistics Bureau, CPI rose 3.1% in May, which is the first inflation warning line CPI has exceeded 3% for the first time in more than a year.

According to Sheng Lai Yun, a spokesman for the Statistics Bureau, from May, the pressure of price rise has eased off, and the annual growth rate is likely to remain at around 3%.

In addition to CPI, other economic data in May continued to rise steadily.

Among them, PPI rose by 7.1% in May compared with the same period last year, rising by 0.6% compared with the same period last year. The industrial added value of above scale increased by 16.5% over the same period last year, the growth rate was 7.6 percentage points faster than that of the same period last year; the total retail sales of social consumer goods totaled 12455 billion yuan, up 18.7% over the same period last year; in 1-5 months, the fixed investment of urban areas was 67358 billion yuan, up 25.9% over the same period, and the investment in real estate development increased by 38.2%.

Sheng Lai Yun said that in May, the reason why CPI had a high year was due to the tail factor. Because of the relatively low level of CPI in May last year, it had lagged behind 1.8 percentage points of CPI in May this year. On the other hand, the contribution of new price increase factors such as physical and residential prices to CPI rose to 90%. From other elements, clothing and other products decreased, and prices rose for structural categories.

From May, the pressure of price rise has already been relieved. First, in May, the ratio fell by 0.1 percentage points. With seasonal factors, the seasonal rise of early agricultural products weakened, and the deepening of the European debt crisis eased the pressure of regional growth.

Last year, the low price was in 6-7 months, and the high price point of this year is also expected to be 6-7 months.

According to sub indicators, the growth rate of industrial added value of above scale in May was 1.3 percentage points lower than that in April, and the growth rate dropped faster.

This is mainly reflected in the growth rate of high energy consuming industries, which is related to the increase of structural adjustment, and is also affected by the higher base last year.

However, the growth rate does not mean the slowdown of industrial growth, and the growth rate of the ring and daily output is still increasing steadily.

In addition, the growth rate of fixed asset investment slowed down in the first half of May. This is also a normal decline in the base of last year. However, it is gratifying that private investment in the previous May has maintained a relatively high growth rate.

Consumption is still relatively active, and the growth of automobile and household appliances consumption and import department continues to maintain a rapid recovery momentum.

Sheng Lai Yun finally said that the annual growth rate of CPI, which was set at the beginning of the year, is expected to be realized. The current Chinese economy is still maintaining steady and rapid growth, and there is no stagflation in the 3% years.