September CPI increases fell 0 4 cut down would continue to

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On October 14, the National Bureau of statistics announced in September the consumer price index (CPI). Data show that in September, China's CPI rose 1.6%, lower than the previously expected 1.8%, era back to 1 again.

1-in August of this year, nationwide CPI rose respectively 0.8%, 1.4%, 1.4%, 1.5%, 1.2%, 1.6%, 2%.

Price index for September, Senior Statistician of the NBS City Division Yu Qiumei said from the chain, food prices in September fell 0.1%, non-food prices rose 0.2%. Food, fruit, aquatic products and vegetables supply price per cent respectively, and 1.5% and 1%; pork prices rose for the 5th consecutive month, 0.4% per cent, down 7.3% than last month, but from September decadely 50 major urban food prices monitoring pork prices high to low prices.

In non-food, under the influence of school, pre-school and higher education price rose 2.5% per cent and 0.8%; season clothing, clothing prices rose 0.8%; twice a domestic fuel price hike, petrol and diesel prices decreased by 3.1% per cent and 3.3%. Shanghai take Housing Authority building housing

Yu Qiumei, seen from the year September CPI down 0.4% per cent over the previous month, mainly due to a higher base of comparison. September CPI rose by 0.5% last year, up high, driving up the comparative base in September this year, resulting in per cent drop.

From the perspective of specific categories, some of the goods and services price inflation remains high, pork and fresh vegetables in food prices jumped 17.4% and 10.4%, respectively, registration fee, non-food family service and bus fares and 13.6%, and 6.1% per cent respectively.

Livelihood macro indicates, on the one hand, pork prices in September continued to fall, the pig cycle contributed to the CPI decrease on the other, with the listing of autumn and winter vegetables, fresh vegetables prices changed little impact on prices. Taking into account the pig cycle effects on prices weakened and physical demand continues to be weak, four-quarter CPI pressure, or is the year's high of 2%.

Haitong securities chief macro analyst Chao Jiang believes that pig prices have dropped since September, first, because the beginning of piglets up bar, influence on pork supplies will gradually back in the third quarter, the second is former national reserves of meat put on the transfer. Pig prices overall should remain high in the second half, but there will be a plateau and repetitive.

Lian ping, Chief Economist pointed out that, in the domestic and international economic environment under the condition of low volatility in commodity prices, lack of upward momentum in non-food prices, remained stable as a whole, the biggest factor affecting the CPI trend in food prices.

Lianping expects CPI may be slightly upward in the future, but annual inflation will average less than 2%, not more than the price control target of 3%.

Analysts said the upward pressure as prices decline and economic downward pressure is not fully relieved monetary easing remain overweight the space.

"There is one cut one down in the four quarter. "Ren Zeping, economist with guotai Junan securities analysts said.

Shen Wan Hong Yuan is also considered in the report, is expected to post continued easing of monetary policy, reducing potential interest rate cuts will continue. Fiscal policy will continue to raise public spending accelerated inventory of stock funds.