At The End Of 2011, The CPI Winter Clothing Effect Highlighted &Nbsp And The Price Rose Four Times.

2012/1/22 16:19:00 9

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Recently released CPI grew by 4.1% in December 2011, slightly higher than market expectations. A survey released by Standard Chartered showed that the month ahead was expected.

inflation

This is due to the seasonal rise of common winter clothing prices.

food

And service prices are still declining; forecasts for CPI growth this year remain unchanged 2%.

Although inflation in December 2011 has slowed down compared with 4.2% in 2011 and November, this figure is still somewhat disappointing to those who expect monetary policy to relax quickly. CPI

The figure seems to come from seasonal clothing prices, so it should be temporary.

The survey found a secret of rising prices, that is, the winter effect. The expected increase in CPI in December was almost entirely due to the sharp rise in clothing prices.

Clothing prices surged 4 times in December than last month.

Clothing at the end of 2010

Price

It also surged. In December, the annulus growth rate was 9%, compared with an average decrease of 0.6% in the first 11 months.

In winter, consumers buy fewer T-shirts and buy more winter clothes.

In the CPI basket, the adjustment of clothing reflects this change.

The price pressures of all suppressed winter clothing are usually shown in December.

Historical data show that the winter effect usually lasts only one month.

In December 2010, after 1 months' rise, the price of clothing dropped to 4.5% by January 2011.

Standard Chartered also predicted that there will be more room for monetary policy in the first half of next year, but there may not be any adjustment at the policy level.

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