NDRC: Worry About Global Price Inflation Next Year

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The officials said that the inspection teams from the State Council were conducting price checks everywhere.

The official disclosed that the price fluctuation of major agricultural products, basic necessities and other commodities will continue to be closely watched in the coming period, and continue to take severe measures to combat illegal business, and continue to ensure residents' lives through the issuance of living allowances.

In addition, by modifying the price law, improving the commodity reserve system and circulation system, we will establish a long-term mechanism to ensure the smooth operation of prices.

It is understood that from November 29th to December 10th, the general office of the State Council, the national development and Reform Commission, the Ministry of supervision and the Ministry of Commerce jointly constituted the State Council inspection team, headed by Peng Sen, deputy director of the national development and Reform Commission, and went to Shanxi, Tianjin and Jiangsu to supervise and inspect the implementation of the document No. 40 of the State Council.

Inspector found that the relevant areas have taken effective measures to ensure the stability of residents' lives, and the prices of important commodities have dropped.

Among them, Shanxi Province used the 513 million yuan price adjustment fund to grant temporary subsidies for the price, the subsidy period will be from November to March next year. Tianjin will substantially raise the one-time subsidy standard for the difficult people during the Spring Festival. Jiangsu has established a linkage mechanism for social assistance and protection standards and price rises, and has expanded the scope of subsidies.

Experts from the national development and Reform Commission said the government was worried about the overall price increase.

In the fourth quarter, CPI continued to rise, and the price rise for several consecutive months affected the whole year of 2011.

According to experts' analysis, the CPI in October and November respectively increased by 4.4%, so that the price of this year's price will rise to 2.5% from the original estimate of 2% for the next year. If the ring ratio is not controlled in December, it will reach 2.8% in the whole year.

This means that even without any resource price reform, prices will rise by 2.8%.

In accordance with the government's original intention to increase the reform of resource prices, the new price increase factor is 1.5%, the two simple addition has reached 4.3%.

Experts say that the successive measures taken by the State Council to stabilize prices are to prevent the spread of prices from local areas and regions to the whole country, and prevent the sharp rise in asset prices, including the stock market and the real estate market. The real estate market is to prevent price fluctuations, rather than a substantial upward trend.