CCTV News:In January, 2022, the overall price level showed a trend of steady decline. In this regard, experts said that the price trend in the first month of the new year formed a good expectation for the annual price stability, and China’s economy is expected to continue to maintain an optimal combination of high growth and low inflation.
Compared with December 2021, the year-on-year increase of CPI and PPI in January has narrowed in different degrees. The "scissors difference" between PPI and CPI in January is also narrowing.
Experts said that factors such as loose policies and tight energy supply in major international economies are intertwined, and global inflation has risen significantly. Inflation in many economies has risen to multi-year highs or reached a record high.
China’s overall prevention and control of epidemic situation and economic and social development have achieved remarkable results, with stable production order and strong economic resilience, which has effectively maintained the smooth operation of the global industrial chain supply chain. At the same time, China insists on implementing a prudent monetary policy, scientifically grasps the strength, rhythm and key points of the policy, and resolutely does not engage in "flood irrigation"-style strong stimulus, which promotes the operation of prices in a reasonable range.