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National Development and Reform Commission responds to commodity price increase. What is the price trend in China today?
Recently, international commodity prices have risen significantly, and the United States has implemented a large-scale fiscal stimulus policy.

In response to the heated discussion on global inflation, the National Development and Reform Commission responded that commodity prices do not have the basis for long-term rise.

Then, in view of the commodity price increase, what is the price trend in China this year? Recently, international commodity prices have risen significantly, and the United States has implemented a large-scale fiscal stimulus policy.

In response to the global inflation that is being hotly debated in all aspects, the National Development and Reform Commission responded that commodity prices do not have the basis for long-term rise.

Then, in view of the commodity price increase, what is the price trend in China this year?

First, the NDRC responded to the price increase of commodities.

The National Development and Reform Commission said that the recent rise in commodity prices and the impact of global loose fiscal and monetary policies should be objectively analyzed and treated rationally.

At present, there are many analyses on the reasons for the rise of commodity prices. Generally speaking, it is the result of short-term changes in supply and demand, abundant liquidity, speculation and other factors. Most of the commodity price increases can be regarded as a recovery and staged rebound under the superposition of short-term factors.

At the same time, we also see that the world economic recovery is still unstable and unbalanced. At present, there is no overall and trend change at both ends of commodity supply and demand, and prices do not have the basis for long-term rise.

2. What is the price trend in China this year?

Domestically, in the consumer price index CPI, food and service prices account for a relatively high proportion, which is less affected by international factors.

Recently, the increase in food prices has dropped, the price of services has been relatively stable, and China's CPI has generally shown a stable operation trend.

Peng Shaozong, first-class inspector of the Price Department of the National Development and Reform Commission, said: Fundamentally speaking, China has sufficient macro-policy space, strong domestic market support and sufficient economic development resilience and potential.

Abundant industrial and agricultural production capacity and supply have laid a solid foundation for the stable operation of prices.

Comprehensive judgment, CPI will run in a relatively moderate range this year.

Peng Shaozong said that in the future, the National Development and Reform Commission will continue to pay close attention to the price trends and changes in the price situation at home and abroad, conform to market rules, and make every effort to ensure the overall smooth operation of prices.