The year-on-year increase in CPI of the hottest Ch

2022-07-23
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The year-on-year increase of China's CPI in October may fall back to 1.8%

the year-on-year increase of China's CPI in October may fall back to 1.8%

China Construction Machinery Information

Guide: the data of the Ministry of Commerce on October 31 showed that the prices of edible agricultural products in 36 large and medium-sized cities were stable last week (October 22 to 28). Analysts said that affected by the drop in food prices, especially the drop in vegetable prices, it is expected that the year-on-year increase in CPI in October will fall to about 1.8%, showing a double bottom in the year

according to the data of the Ministry of Commerce on October 31, the prices of edible agricultural products in 36 large and medium-sized cities were stable last week (October 22-28). Analysts said that affected by the fall in food prices, especially the drop in vegetable prices, it is expected that the year-on-year increase in CPI in October will fall back to about 1.8%, showing a "double bottom" trend in the year. With the stabilization and recovery of economic growth in the fourth quarter, the year-on-year increase of CPI in November and December will rebound slightly

food prices fell slightly in a stable way

according to the monitoring data of the Ministry of Commerce, the average wholesale prices of 18 kinds of vegetables fell by 0.4% month on month last week. Among them, leaf vegetables such as Chinese cabbage, cabbage and lettuce, which are the necessary experimental testing equipment for construction, building materials, roads and bridges, were listed on the market, with prices falling by 8.8%, 7.3% and 7% respectively. The retail price of eggs fell for three consecutive weeks, with a month on month decrease of 0.4% and a cumulative drop of 1.7% in the three weeks. The wholesale price of meat rose and fell, the wholesale price of pork fell by 0.1% month on month, and the retail price of white striped chicken fell by 0.1%; The wholesale prices of beef and mutton increased by 0.7%. The retail price of grain and oil fluctuated slightly, among which the price of soybean oil decreased by 0.1% month on month; Rice and flour prices were flat; The prices of peanut oil and rapeseed oil rose by 0.2% and 0.1% respectively. The average wholesale prices of 8 aquatic products increased by 0.1% month on month, and the increase decreased by 0.5 percentage points. Among them, the prices of silver carp, small hairtail and large hairtail increased by 0.8%, 0.5% and 0.3% respectively

according to the ten day prices of main foods in 50 cities of the National Bureau of statistics, the prices of vegetables, eggs and aquatic products fell in the middle and early October, and the average price fell by 10.2%, 3.9% and 0.9% respectively in September compared with the main process parameters, including processing temperature, processing speed, working pressure, feeding speed and pelletizing speed; The price of meat and bean products has increased significantly; The prices of poultry, edible oil, grain and fruit continued to rise, but the increase was small

first, due to the clear indentation profile, the Research Report of Venture Securities believes that the month on month prices of various food varieties rose more than fell in October. Among the rising varieties, meat rose the most, reaching about 1.3%; Among the falling varieties, vegetables fell the most, reaching about 8%; The rise and fall of other varieties were not large. CPI is expected to rise by 1.8% year-on-year in October

cpi or the current "double bottom"

lihuiyong, chief macroeconomic analyst of Shenyin Wanguo, predicts that the CPI in October will increase by 1.8% year-on-year, of which the increase of food prices and non food prices are 2.2% and 1.7% respectively. The fall in food prices is the main reason for the fall in October CPI

Political Commissar Lu, chief economist of Industrial Bank, said that the continuous decline of vegetable prices may drive the food CPI to fall to around -0.6% month on month in October, and the non food CPI may fall slightly to around 0.3% month on month. It is expected that the CPI in October will increase by about 1.8% year on year. CPI will show a "double dip" (July and October) trend during the year. With the stabilization and recovery of economic growth in the fourth quarter, the "double bottom" of CPI in the year may be over

Lian Ping, chief economist of Bank of communications, said that according to the monitoring data of the Ministry of Commerce, the Ministry of agriculture and the National Bureau of statistics, vegetable prices have continued to fall since October, and it is expected that food prices may fall slightly by 0.2 percentage points month on month in October. Non food prices will return to the trend of stable operation in the early stage, and the year-on-year increase is expected to drop slightly compared with last month. In addition, CPI in October will continue to fall by 0.1% compared with the previous month due to the tail raising factor of CPI. It is expected that the year-on-year increase of CPI in October will remain at about 1.9% and continue to hover at a low level. It is expected that domestic prices will rise higher in November and December, and CPI in the fourth quarter may rise by 2.3% year-on-year

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