B · Normal
[National Bureau of Statistics: The overall price level will show a mild rebound this year] On October 19, Wang Guanhua, spokesperson of the National Bureau of Statistics and head of the National Economic Comprehensive Statistics Department, said at a press conference of the State Council Information Office that the overall price level will show a mild rebound this year. The mild rebound in prices is an important positive change in the economy this year. In the first three quarters, consumer prices rose by 0.9% year-on-year, and core CPI rose by 1.1%. Regardless of CPI or core CPI, the growth rate rebounded significantly whether compared with the same period last year or the whole year last year. In the first three quarters, the national industrial producer price rose by 2.3% year-on-year. Since coming out of the downward trend in March, it has increased year-on-year for seven consecutive months.
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