Economy

Will prices rise this year? How to ensure the supply of commodities for people's livelihood during the Spring Festival? NDRC response

2023-01-13   

Price change is not only an economic issue, but also a concern for people's livelihood. A series of issues, such as how to do a good job in stabilizing prices, how the price situation will go, and how to ensure the price stability of important livelihood commodities during the Spring Festival, have attracted people's attention. On January 12, the National Development and Reform Commission held a press conference to respond to relevant issues one by one. The stable operation of prices in 2023 has a solid foundation. In the past year, China's "price stabilization" work has achieved remarkable results. According to Wan Jinsong, Director of the Price Department of the National Development and Reform Commission, the overall price level of China will continue to operate steadily in 2022, with CPI rising below 3% in a single month and 2% in the whole year, which is significantly lower than that of some developed economies. "Reviewing the work of stabilizing prices in 2022, the key is to do a good job in the three aspects of 'stabilizing people's livelihood commodities, stabilizing bulk commodities, and stabilizing market expectations'." Wan Jinsong said that, first, we should focus on grain and pigs, and take the "vegetable basket" mayor responsibility system as the starting point, and strive to stabilize the prices of important people's livelihood commodities; Second, take coal as the "anchor" and do everything possible to stabilize the prices of energy and other bulk commodities; The third is to innovate the expectation management mechanism and stabilize the market expectation. We will strengthen the release of policy information and release regulatory signals in a timely manner. Strengthen the linkage supervision of the futures and spot markets and curb excessive speculation. Looking forward to the price trend in 2023, Wan Jinsong pointed out that although the international commodity prices may fluctuate at a high level and the imported inflation pressure still exists, China's prices have a solid foundation to maintain stable operation. The grain production has continued to harvest, the pig production capacity is reasonable and sufficient, the supply of important livelihood commodities is sufficient, the basic energy security is strong, and the system of ensuring supply and price stability is further improved. We are fully confident and able to continue to maintain the overall stability of prices. Ensuring the supply and price of important livelihood commodities is solid and effective. Important livelihood commodities are closely related to the basic life of the people. In 2022, the National Development and Reform Commission did a series of work to ensure the supply and stable price of important livelihood commodities such as grain, oil, meat, eggs and vegetables. "The process is' not easy 'and the results are' extraordinary '," concluded Niu Yubin, deputy director of the Price Department of the National Development and Reform Commission. It is reported that the food price index in China's CPI rose 2.8% last year, significantly lower than the increase of about 10% in major economies such as the United States and Europe. The comparison between domestic and foreign grain prices is more obvious. The international wheat and corn prices have increased by 74% and 36% on a year-on-year basis, while the price trend of wheat and corn in China is relatively flat, and the retail price of finished grain is more stable. The retail price of rice in 36 large and medium-sized cities has decreased by 1% over the previous year, and the retail price of flour has increased by 3% over the previous year. Speaking of the specific work carried out last year, Niu Yubin said that first, we should pay close attention to mechanism construction. Strengthen the party and government responsibility for food security, compact the "vegetable basket" mayor responsibility system, promote the establishment and improvement of monitoring and early warning, expected guidance, regional cooperation, reserve adjustment, production and marketing linkage and other programs and plans, and gradually improve the price control mechanism of important livelihood commodities. Second, strengthen monitoring and early warning. Closely monitor the operation of important livelihood commodity prices in various regions, strengthen the analysis and judgment of market situation, and timely identify emerging problems and prompt early warning. Third, enrich the means of regulation. Guide all localities to strengthen supply and price stability around the whole chain of production, supply, storage and marketing. "In general, after

Edit:wangwenting Responsible editor:xiaomai

Source:china.cn

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