Bank of communications Schroder Fund the effect of CPI on the annual or limited short-term fluctuati bree daniels

Silver Schroder Fund: CPI short-term fluctuations on the annual impact or limited National Bureau of statistics released 18 data, in January the national consumer price index (CPI) rose by 1.8%, an increase of 0.2 percentage points higher than last year in December. In January, the industrial producer price (PPI) in China decreased by 0.5%, a year-on-year decline of 5.3%, a decline of 0.1 and 0.6 percentage points, respectively. In the same month, industrial producer purchase prices declined by 0.7%, down 6.3% year-on-year. Silver Schroder fund analysis, inflation upward mainly because the early spring festival food prices rose, but the increase is lower than the previous forecast of 1.9%, mainly because the Bureau of statistics in general five years a major weight, this time down the proportion of food prices. The weight ratio of food was down from 0.34 in October 2015 to 0.30 in January this year; the proportion of non food weighting increased from 0.66 in October 2015 to 0.70 in January of this year. From the structure of food category, compared with the previous increase of tobacco and wine, the weight decline mainly comes from meat and its products. Silver Schroder Fund said, as a whole, the strengthening of food prices has become an important factor to support the rise of CPI. Spring Festival factors stimulate vegetable consumption demand and service demand, cold wave, rain and snow weather reduced vegetable supply, vegetable prices rose significantly, overall consistent with seasonal performance. In addition, PPI narrowed slightly. Silver Schroder Fund believes that PPI for 47 consecutive months of negative growth, a decline of 0.5%, mainly black and non-ferrous metals processing prices narrowed. Bank of communications Schroder fund is expected, the Spring Festival consumption or will continue to drive the CPI in February, taking into account the bulk price Yindie bottomed and the impact of the economic downturn, CPI short-term fluctuations of annual or limited, CPI and PPI increase or maintain 2016 reached 1.7% and -3.8% judgment, constraints on monetary policy or not. Sina statement: this news is reprinted from Sina cooperation media, Sina published this article for the purpose of transmitting more information, does not mean to agree with its views or confirm its description. This article is for reference only and does not constitute investment advice. Investors operate accordingly and take risks at their own expense. Enter Sina Financial shares] discussion

交银施罗德基金:CPI短期波动对全年影响或有限   国家统计局18日发布数据,1月份全国居民消费价格总水平(CPI)同比上涨1.8%,涨幅比去年12月份扩大了0.2个百分点。1月份全国工业生产者出厂价格(PPI)环比下降0.5%,同比下降5.3%,降幅分别比上月收窄0.1和0.6个百分点。当月,工业生产者购进价格环比下降0.7%,同比下降6.3%。   交银施罗德基金分析,通胀上行主要因为春节前期食品价格的上涨,但是涨幅低于之前预测的1.9%,主要原因是统计局一般五年一大调权重,这一次下调了食品价格的占比。食品的权重占比由2015年10月的0.34下调至今年1月的0.30;非食品的权重占比由2015年10月的0.66上调至今年1月的0.70。从食品类目的结构来看,相比以往增加了烟酒,权重下降主要来自肉类及其制品。   交银施罗德基金表示,整体来看,食品价格的走强成为支撑CPI走高的重要因素。春节因素刺激蔬菜消费需求和服务需求,寒潮雨雪天气缩减蔬菜供应,蔬菜价格上涨明显,整体符合季节性表现。   此外,PPI环比跌幅略缩窄。交银施罗德基金认为,PPI连续47个月负增长,环比下降0.5%,主要是黑色和有色金属加工价格跌幅缩窄。   交银施罗德基金预计,春节消费或将继续带动2月CPI,考虑到大宗价格阴跌筑底和经济下行影响,CPI短期波动对全年影响或有限,维持2016年CPI和PPI涨幅或分别达到1.7%和-3.8%的判断,对货币政策或不构成制约。 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章: