Steady Start ｜ 2021 China Economic Annual Report Released China’s overall price operation is in a reasonable range.
CCTV News:2021 is the first year of the 14th Five-Year Plan, and the National Bureau of Statistics announced the annual price index for 2021 on January 12th. The data shows that in 2021, China’s prices generally operate in a reasonable range.
The data shows that in 2021, the national consumer price rose by 0.9% over the previous year.
From the chart, we can see that in the past year, China’s consumer price index showed a low and stable operation trend.
The consumer price of residents is stable, and the supply of important livelihood commodities is sufficient.
As a "hundred-price basis", the grain price will run smoothly in 2021, 1-mdash; In December, on average, the consumer price of grain increased by 1.1% year-on-year. Behind the stable price is the bumper harvest of China’s grain.
With the continuous recovery of pig production, in 2021, the price of pork, which accounts for a high weight in the consumer price index CPI, has basically returned to the average level in normal years.
1— In December, the average price of fresh vegetables increased slightly year-on-year, at 5.6%, which was equivalent to the average level in previous years.
The ex-factory price of industrial producers increased by 8.1% over the previous year.
In 2021, the ex-factory price of industrial producers increased by 8.1% over the previous year.
From the trend chart, we can see that from January 2021, China’s PPI rose rapidly from negative to positive year-on-year. After the increase stabilized temporarily from May to July, the increase expanded again in August, reaching 13.5% year-on-year in October, the biggest increase for many years.
In order to stabilize commodity prices and ease the operating pressure of downstream enterprises, the state has taken a series of measures to ensure supply and stabilize prices in time. At present, the prices of thermal coal, iron ore and steel have dropped by about 25%— 70%。
Perfecting the manufacturing system, digesting the price increase factors of raw materials step by step
Thanks to China’s perfect manufacturing system, the price increase factors of bulk raw materials are gradually digested in the industrial chain, and the prices of end consumer goods have remained basically stable. The data shows that 1— In December, on average, the prices of upstream means of production rose by 10.7% year-on-year, while the prices of terminal means of subsistence only rose by 0.4% year-on-year.