Analysis of China's Price Level Based on CPI Data:Review of 2023 and Outlook for 2024
Focusing on expanding domestic demand,stimulating potential consumption,and maintaining a stable overall price level is crucial for further boosting China's economic recovery and improvement.Firstly,the characteristics and underly-ing reasons for the CPI's performance in 2023 are analyzed from various perspectives.Subsequently,the trends and changes in the CPI for 2024 are assessed based on five aspects:stable yet rising grain prices,low but recovering pork prices,upstream and downstream price transmission,tail effects,and international market price influences.The research findings indicate that the CPI growth rate in 2023 significantly narrowed compared to the previous year,with prices of the eight major CPI categories show-ing"six increases,one stability,and one decrease."The price declines for pork,beef,and mutton expanded,while tourism prices saw an increased rise.Stable yet rising grain prices,low but recovering pork prices,and fluctuations in international mar-ket prices are the main factors influencing the rise in CPI for 2024.The sustained decline in upstream product prices,which al-leviates the upward pressure on downstream product prices,along with tail effects,are the primary factors contributing to the decline in CPI for 2024.In response to the trends and influencing factors of CPI,suggestions are made in terms of coordinating fiscal and monetary policies,ensuring the supply and stable prices of daily necessities,improving real estate market regulation,and closely monitoring the global economic situation.
NETL
NSTL
万方数据
