1. Structural inflation refers to the continuous rise of the overall price level only due to changes in economic structural factors without demand pull and cost push. In other words, rising prices mean that the total demand is not too much, but there is too much demand for products in some departments, such as speculative demand, which leads to rising prices of certain products, such as the property market.

2. At present, the inflation in China is characterized by a large increase in the prices of food and primary products. Although cpi is at a low level and prices have not dropped, ppi has dropped significantly, indicating that the prices of industrial products are falling (steel prices have dropped sharply recently), which is the imbalance of inflation.

3. Recently, the central parity of RMB against the US dollar exceeded 6.3, and the CPI was 1.9%. At present, foreign exchange holdings have not increased so much, and this trend is not obvious.