The National Development And Reform Commission Said For The First Time That The Price Increase Will Exceed 3% This Year

country National Development and Reform Commission It is estimated that this year's price index will be slightly higher than the target of 3% set at the beginning of the year, Zhang Ping, director of the national coal work conference, said on the 9th. This is the first time that a person in charge of a national Ministry said this year Price increase Will surpass 3% 。

This statement is different from the previous national development and Reform Commission's repeated emphasis that "the target of price control within 3% this year is no problem". In fact, since May this year, due to the large rise in food prices, CPI data has exceeded or approached the warning line of "3" for many consecutive months. Some institutions have predicted that the CPI increase in October may reach or even exceed 4%.

Zhang Ping admitted that the reason why he thought there was no problem in achieving the price target for the whole year was that the situation in the fourth quarter was expected to be better. However, the impact of natural disasters on the supply in the near future, coupled with the impact of imported price increases, makes the price situation more severe than expected.

He said that due to the devaluation of the US dollar and loose liquidity, the price of major international raw materials has been hyped, resulting in higher prices of oil, iron ore, agricultural products, grain, cotton and oil.

Zhang Ping believes that in addition to natural disasters and international factors, loose domestic liquidity and speculation are also the main reasons for the severe price situation.

Zhang Ping said that the national development and Reform Commission is paying close attention to the changes in the domestic price situation, paying close attention to the prices of agricultural products, necessities of life, especially food.

Although there are multiple factors affecting prices exceeding expectations, Zhang Ping said that this year's confidence in controlling prices is based on the fact that China's grain production has reached a record high this year, and that there are abundant edible oil depots.

According to Zhang Ping, the average storage of edible oil in China is close to 10 jin per person. In addition, this year's soybean harvest is abundant, and there are also more imports, so there is no shortage of edible oil supply. Zhang Ping pointed out that the current supply of cotton and vegetables is tight. The main reason for the shortage of cotton this year is that fund speculation has pushed up cotton prices. In addition, the supply of vegetables, especially fresh vegetables in winter, is tight.