29 provinces CPI rose in February The National Bureau of Statistics data showed that in February 2015, the national CPI rose by 1.4% year-on-year, a sharp increase of 0.6 percentage points from January, and returned to the "1 era."
At the local level, affected by the Spring Festival effect, except for Tibet and Xinjiang, the CPI increase in February of the other 29 provinces showed a different degree of recovery from January. Among them, Beijing rebounded the most, with its CPI rising by 1.7% in February, up by 1.3 percentage points from January.
Compared with the national level, the CPI increase in February in 17 regions including Qinghai and Shanghai exceeded the national level. Ningxia's gains were the same as the country.
Among the 31 provinces, Qinghai's CPI rose the most in February, 3.2% year-on-year. It is also the only region in the country with a CPI increase in the “3†era. Xinjiang has the lowest growth rate of only 0.4%.
The steady growth policy may be intensively introduced. Although the price increases have generally rebounded, the absolute level is still at a low level. Among them, the seven provinces of Zhejiang, Hunan, Shanxi, Hebei, Shaanxi, Inner Mongolia and Xinjiang all rose less than 1%. Experts predict that CPI may maintain a low growth rate in the coming period as the Spring Festival effect subsides.
In addition to price, the economic data released in the first two months recently showed that in addition to a sharp rebound in export growth, major macroeconomic data such as industrial growth rate have declined.
Zhu Baoliang, chief economist of the Economic Forecasting Department of the National Information Center, told the China News Network that according to the current price trend, there is no pressure to achieve the 3% growth target for the whole year. Although China has not yet entered deflation, the risk of deflation has become a consensus in the industry. It is expected that monetary policy will continue to be loose in the future, and the rate cuts will continue to be expected during the year.
Shenyin Wanguo's analysis report also pointed out that from the data of industry and consumption in January and February, the GDP growth rate in the first quarter may approach the bottom line of the policy, and the future economic growth will be further under pressure. It is expected that the steady growth policy will be intensively introduced.
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