Clothing Is Also Crazy &Nbsp; Prices Soared Four Times In December.

2012/1/24 10:26:00 19

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The recently announced December 2011 CPI grew by 4.1% over the previous year, slightly higher than market expectations. A survey released by Standard Chartered showed that the expected inflation this month came from common.

winter coat

Prices are rising seasonally, while 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, "

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 prices also soared in late 2010, compared with 9% in December, and 0.6% in the first 11 months.

In winter, consumers buy

T-shirt

Less, 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 would be more room for monetary policy in the first half of next year, but there might not be any immediate adjustment at the policy level.