National Bureau of Statistics, February's CPI rose by 2.7 percentage points, more than one-year deposit interest rates. CPI for some time, such as three months, more than one year time deposit rate is the interest rate basis. We seem to heard footsteps hike.
National Bureau of Statistics, from the price rises to power consumption, and even GDP, was widely criticized. We also have reason to say that now we are being inflation.
CPI is that conventional indicators of inflation, but, strictly speaking, not a scientific indicator. inflation is a weighted average of all goods continued to rise, which is the general price level, it is not certain commodities, not many commodities, but almost all commodity prices are rising. If that inflation CPI, CPI is calculated, to be very particular about, and Chengdu, as if the commodity prices.
consider China's CPI over the food, the biggest weight, 30%, especially pork accounted for 10%. Food prices, pork prices much, certainly is inflation. In addition to the design weight, CPI statistical sample of objects there are appropriate, as well as the authenticity of the underlying data and many other issues. At present, Except for some food, have a serious surplus of almost all goods, inflation in China actually take place, the real incredible.
Yes, it is now awash with liquidity when, but not necessarily more money inflation, the theory of the past few consider the capital markets, asset prices, at that time, more money, almost equivalent to inflation. Now, the big different economic environment.
money must have a place to go, the excess liquidity absorption depends on two things, or manifested One is inflation, most commodity prices. Another is asset price inflation. That is why last year, deflation, the stock market because of skyrocketing housing market.
be so if the next two months, CPI inflation down, plus interest is unavoidable, the so-called loose monetary policy, suddenly became a tight policy. prices may decline, the stock market may be sluggish. RMB appreciation will not need to name, because you are pegged to the dollar the same, people did not dollars expansion, inflation you, but you continue to peg to the dollar, the RMB has appreciated automatically.
However, in the context of tightening, with the tightening of monetary policy, unemployment will be more prominent, and no workers will be more live dry , students will choose Qutao shit more, and the closure of private SMEs, but also faster and more course.
is to change the CPI statistics, national statistical work of reform, reform Bureau of time.
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