According to the schedule, the national statistical office will publish the consumer price index (cpi) for the month of march. As a result of such factors as the rise in pork prices, the market generally expected that the cpi would increase or rise significantly in march, three months later returning to the “era 2”。
The cpi ratio, the ring scale rises. From the national statistical office
Cpi increased or recovered significantly in march
According to data previously published by the national statistical office, the cpi increased by 1. 5 per cent in february, a decline from the previous month。
According to tang jianwei, the chief researcher at the financial research centre of the transport bank, since entering march, there has been a slight decline in vegetable prices as a result of adequate vegetable supplies; there has been a marked increase in pork prices as a result of the epidemic; international oil prices have recovered at the bottom, with domestic oil prices rising slightly in march; and the tailings factor has risen to 1. 1 per cent。
The price of pork is an important factor affecting the cpi and, according to the ministry of agriculture and rural development's “national agricultural wholesale market price information system”, the price of pork rose significantly in mid-march。
Journalists found that during the last week of february (22 february-28 february), the price of pork was $18 per kilogram; by late march (22 march-28 march), the price of pork had risen to $20. 31 per kilogram。
According to tang jianwei, overall, the cpi increase in march could be around 2 - 2. 4 per cent, with a median of 2. 2 per cent, with a marked recovery from last month。
The wind information data show that the average projection of the march cpi increase by 20 research institutions was 2. 3 per cent. Of these, the maximum projected value is 2. 8 per cent and the minimum value 1. 8 per cent, and if the above average forecast is met, the cpi will return to the era of 2。
