The CCP announced the September CPI expert analysis of "non-inflation" reasons in China

Published 2021년 10월 18일

Tridge summary

The article highlights the discrepancy between China's official producer price index (PPI) and consumer price index (CPI), with the PPI reaching a 26-year high while the CPI continues to decline. This discrepancy is due to the Chinese Communist Party's (CCP) control over prices for people's livelihoods, as explained by Taiwanese financial expert Huang Shicong. The article also discusses the potential for inflation due to high imports of foreign raw materials and the inability of manufacturers to pass on rising costs, as demonstrated by Haitian Flavor's price adjustments. The situation is further complicated by economic challenges such as unemployment, decreasing incomes, and the impact of electricity shortages.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Epoch Times October 19, 2021] (The Epoch Times reporter Yi Ru interviewed and reported) The CCP’s official consumer price index (CPI) and producer price index (PPI) for September this year recently announced that the CPI has increased continuously year-on-year After the four-month decline, the PPI index continued to expand and hit a 26-year high. With the continuous increase in PPI, why did the CPI continue to fall? What is the reason why there is no inflation in China? According to data released by the National Bureau of Statistics of the Communist Party of China on the 14th, in September, the CPI rose by 0.7% year-on-year, which was 0.6 percentage points lower than that in May. At the same time, the PPI was up 10.7% year-on-year, and the year-on-year increase was 1.9 percentage points for three consecutive months. Bloomberg According to the report, it was the highest since November 1995. CPI is a comprehensive indicator of changes in the price level of consumer goods and ...

Source: Epochtimes