Experts from the National Bureau of Statistics: significant changes in China's price transmission mechanism

Introduction: Yan Xianpu, National Bureau of statistics, wrote in Shanghai Securities News that in recent years, the upstream price changes in the price chain are difficult to be transmitted to the downstream, and China's price transmission mechanism has undergone significant changes According to the general law of price operation, the price changes of upstream energy and raw materials will be reflected in the downstream processing industry and living materials, with a lag period of 3 to 6 months However, in the 16 months from November 2002 to January this year, the price of means of production increased from 0.2% to 4.6%, while the consumer price did not rise synchronously due to the price of means of production, and this transmission delay has exceeded the previous experience of 3 to 6 months According to ZTU Yan Xianpu, this shows that the new price transmission mechanism has the characteristics of weakened price effect, prolonged time lag and narrowed rising range The great variation of price transmission mechanism needs to be paid attention to For the management department, we should pay more attention to the impact of this change on economic operation, so as to correctly grasp the strength of macro-control and prevent the ups and downs of the economy caused by improper control (reporter Zou Minsheng) ZTU