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CPI growth continued to fall in August, the scissors gap narrowed, and the economy recovered steadily
snip
The data shows that the year-on-year increase in CPI in August dropped by 0.3 percentage points from the previous month, of which the increase in food prices fell by 2.0 percentage points, affecting the increase in CPI by approximately 2.33 percentage points; non-food prices changed from the same as last month to an increase of 0.1%, affecting the increase in CPI About 0.04 percentage points. The main factor affecting food prices is that the price of meat directly drives the CPI up by about 2.28%.
Fu Yifu, a senior researcher at the Suning Financial Research Institute, analyzed in an interview with a reporter from the International Business Daily that the decline in CPI growth in August reflects the overall market supply and demand in the context of the continuous improvement of the domestic epidemic prevention and control situation, the resumption of work and production, and the steady progress of economic recovery. The above is in a stable and balanced state. "From a structural point of view, rising food prices are still the main factor driving up CPI. The reason is that high temperature and heavy rainfall have affected the production of pork and fresh vegetables to a certain extent, and the continued recovery of the catering industry has made pork and fresh vegetables The increasing demand for eggs has led to price increases; approaching the Mid-Autumn Festival and the beginning of school, the scale of egg consumption demand began to expand, pushing up the price of eggs."
http://finance.people.com.cn/n1/2020...-31856316.html
08:48, September 10, 2020
snip
The data shows that the year-on-year increase in CPI in August dropped by 0.3 percentage points from the previous month, of which the increase in food prices fell by 2.0 percentage points, affecting the increase in CPI by approximately 2.33 percentage points; non-food prices changed from the same as last month to an increase of 0.1%, affecting the increase in CPI About 0.04 percentage points. The main factor affecting food prices is that the price of meat directly drives the CPI up by about 2.28%.
Fu Yifu, a senior researcher at the Suning Financial Research Institute, analyzed in an interview with a reporter from the International Business Daily that the decline in CPI growth in August reflects the overall market supply and demand in the context of the continuous improvement of the domestic epidemic prevention and control situation, the resumption of work and production, and the steady progress of economic recovery. The above is in a stable and balanced state. "From a structural point of view, rising food prices are still the main factor driving up CPI. The reason is that high temperature and heavy rainfall have affected the production of pork and fresh vegetables to a certain extent, and the continued recovery of the catering industry has made pork and fresh vegetables The increasing demand for eggs has led to price increases; approaching the Mid-Autumn Festival and the beginning of school, the scale of egg consumption demand began to expand, pushing up the price of eggs."
http://finance.people.com.cn/n1/2020...-31856316.html