According to the Shanghai Securities Report, data released by the National Bureau of Statistics on March 9 shows that the CPI rose 1.3% year on year in February, the highest in the past three years; the month-on-month increase was 1%, the highest in the past two years; and the core CPI excluding food and energy prices rose 1.8% year on year. Looking ahead to the next phase, Minsheng Bank's chief economist Wen Bin told reporters that positive price improvements can be expected. He believes that under the influence of more active and promising macroeconomic policies and the “combo punch” of the “anti-domestic roll” policy, and with the inflection point of the pig cycle and global commodity price support, a moderate recovery in CPI and the narrowing and correction of the PPI decline will be probable events.

According to the Shanghai Securities Report, data released by the National Bureau of Statistics on March 9 shows that the CPI rose 1.3% year on year in February, the highest in the past three years; the month-on-month increase was 1%, the highest in the past two years; and the core CPI excluding food and energy prices rose 1.8% year on year. Looking ahead to the next phase, Minsheng Bank's chief economist Wen Bin told reporters that positive price improvements can be expected. He believes that under the influence of more active and promising macroeconomic policies and the “combo punch” of the “anti-domestic roll” policy, and with the inflection point of the pig cycle and global commodity price support, a moderate recovery in CPI and the narrowing and correction of the PPI decline will be probable events.