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Food Prices Are Picking Up &Nbsp; CPI Is Still High In September.

2011/9/30 8:39:00 33

The National Bureau of statistics will announce the consumption of residents in September in October 14th.

Price

Index (CPI) and industrial producer price index (PPI) data.

It is widely expected that the CPI growth rate in September will be even higher than the 6.2% high in August, and may even exceed 6.2% due to the rising trend of food prices.

After a marked decline in 7 and August, food prices were picked up in September.

Uptrend

。

According to the Ministry of Commerce monitoring data, since September, the price of edible agricultural products has been rising for three consecutive weeks, especially for vegetables, eggs and edible oils.

Among them, vegetable prices have been rising for three weeks. As of last week (from September 19th to 25th), the average wholesale price of the 18 vegetables increased by 4.2% over the previous week.

In addition, the Ministry of agriculture's monitoring data also showed that as of September 23rd, the average price of 19 vegetables in 286 production and wholesale markets in the country was 2.69 yuan per kilogram, an increase of 1.9% compared with the same period, an increase of 16.6% over the same period last year.

The Ministry of Agriculture said that the main reason for the increase in vegetable prices was the pition period of vegetables and adverse weather effects.

Analysts pointed out that in the weeks ahead of national day, food prices are rising again, inflation pressures remain high before the holidays, and CPI growth in September will not drop significantly.

Agencies also generally predict that the CPI growth rate in September will remain above 6%, with a range of 6.2% - 6.4%.

In its latest report, CICC pointed out that in September, the caudate factor continued to decline compared with August, and its growth rate dropped by about 0.6 percentage points.

However, due to the influence of Mid Autumn Festival and National Day holiday, there is a larger seasonal pressure on food and non food prices in September.

CPI growth is expected to remain at a high level of 6.2% to 6.4% in September.

Lu Zheng commissar, chief economist of Industrial Bank, predicted September

CPI

The growth rate was 6.3%, rebounding by 0.1 percentage points compared with August.

The PPI growth rate was 6.9%, down 0.4 percentage points from 7.3% in August.

Lu commissar believes that prices will rebound in September, but this rebound is temporary, price increases have been the end of the force, the CPI increase in November will be reduced to less than 6%.

In fact, in recent months, the purchasing managers' index (PMI) data of manufacturing industry are not optimistic, and the profit growth rate of Industrial Enterprises above Designated Size released by statistics bureau is also declining continuously, from 34% at the beginning of the year to 28.2% at present. Therefore, the market is worried that economic growth may slow down and expect macro-control to relax.

However, institutions generally predict that monetary policy may not relax immediately.

In its report, CICC pointed out that inflation pressure has not yet subsided significantly, although economic growth is slowing down, but it is still sound, especially in the employment situation. Therefore, the policy objective of inflation control will not change in the short term, and it is expected that policy will remain tight in the coming months.

Zhou Xiaochuan, governor of the central bank, also stressed in the speech at the annual meeting of the International Monetary Fund (IMF) that China's economy is growing steadily, but it still faces pressure from rising prices and capital inflows.

It can be seen that our monetary policy may not be relaxed in the short term.