CPI: Consumer Price Index, abbreviated as CPI in English, is an indicator reflecting the price changes of products and services related to residents' lives, and is usually used as an important indicator to observe the level of inflation. If the consumer price index rises too much, it shows that inflation has become an unstable factor in the economy, and the central bank will risk tightening monetary and fiscal policies, leading to uncertain economic prospects. Therefore, the excessive rise of the index is often unpopular with the market. Generally speaking, when the increase of CPI & gt3% is called inflation, it means inflation; And when CPI & gt5% growth is serious inflation.
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PPI: Producer price index, abbreviated as PPI in English, is mainly used to measure the price changes of various commodities at different production stages. Like the consumer price index, it is usually regarded as an important indicator to observe the level of inflation. For the foreign exchange market, the market pays more attention to the monthly change of the final product PPI. Because food prices rise due to seasonal changes, and energy prices often fluctuate unexpectedly, in order to reflect the overall commodity price changes more clearly, changes in food and energy prices are generally excluded, thus forming a "core producer price index" to further observe the changing trend of inflation rate.
Brics New Development Bank
20 14 On July 5th, China, Brazil, India, Russia and South Africa are expected to sign an agreement at the BRICS Summit in Brazil to formally announce the establishment of the BRICS Development Bank. The initial capital of BRICS Development Bank is10 billion USD, which is invested by five founding members equally, and its headquarters is in Shanghai, China. The BRICS Development Bank mainly supports the infrastructure construction of BRICS countries and other developing countries, which is of great strategic significance to BRICS countries. The BRICS Development Bank is not only for the five BRICS countries, but also for all developing countries. As a member of the BRICS countries, it may be granted priority loan rights.
World Trade Organization (WTO)
The WTO is a permanent international organization independent of the United Nations. 1 995 65438+1October1officially started operation, and was responsible for managing the world economy and trade order. Its headquarters is located in Lemmon Lake, Geneva, Switzerland. 1996 65438+ 10 1, which officially replaced the provisional institutions of GATT. WTO is an international organization with legal person status and has higher authority in mediating disputes among its members. Its predecessor was the General Agreement on Tariffs and Trade concluded in 1947. The WTO, together with the World Bank and the International Monetary Fund, is called the "three pillars" of the current world economic system. At present, the trade volume of the WTO has accounted for more than 95% of world trade. The current WTO Director-General is Brazilian Azevedo.
200165438+February1kloc-0/,China formally joined the WTO and became a member of its 143.
International Monetary Fund
The International Monetary Fund (IMF) is an intergovernmental international financial organization. 1945 65438+formally established on February 27th. 1 March 9471,1947165438+1October 15 started work and became a specialized agency of the United Nations, with its own independence in operation. Headquartered in Washington.