The CPI, initially low but later stable during the period, rose modestly throughout last year due to a sharp fall in pork prices and relatively stable service prices, Liu said in the research note. In 2021, China achieved an optimal combination of higher growth and lower inflation, said Liu...
BEIJING, Feb. 11 (Xinhua) -- Looking into 2022, China has a solid foundation for stable prices, after prices remained within an appropriate range throughout 2021, experts said. The moderate increase trend in China's consumer price index (CPI), a main gauge of inflation, is expected to con...
By 1990, however, house prices nationally had stopped increasing. Real house prices and family home equity wealth fell with the 1990 recession. The number of households losing real home equity wealth was far greater than the number of households losing jobs during the 1990 recession. From November...
China's economy has continued to recover, and the ability to effectively respond to abnormal fluctuations in market prices has significantly increased, with sufficient supply of products, services, important commodities and energy, said Liu. Wen Bin, chief analyst at China Minsheng Bank, said that ...
Broiler "production" (measured by total pounds of meat) will rise 2% in 2023 relative to 2022, according to government data. Despite the recent retreat, chicken prices are still up 12% compared with October 2021, according to the CPI.Higher prices for commoditiessuch as corn and soybeans —...
during 2022, using data from the U.S. Bureau of Labor and Statistics (BLS). Eggs-asperating Prices Over the course of 12 months, the national average price for a dozen large Grade A eggs more than doubled, to $4.25 in December from $1.93 in January. Egg Prices Per Month (2022)...
This year, in the face of multiple challenges, China has maintained the overall stability of its economy by effectively coordinating COVID-19 policy with economic and social development, and introducing a series of stimulus packages to support enterprises, stabilize consumer prices, and boost the con...
For the most part, industry experts do not expect the housing market to crash in 2023. Yes, home prices are over-inflated. But many of the risk factors that led to the 2008 crash are not present in today’s market. Low inventory and massive buyer demand should keep the market propped ...
McKinsey's ConsumerWise team breaks out the state of US consumer spending in 2024. Read the annual report for the latest data, trends, and insights.
As China has progressivelyopened its economyover the past four decades, economic development and living standards have greatly improved. As the government has gradually phased out collectivized agriculture and industry, allowed greater flexibility for market prices, and increased the autonomy of businesses...