Statistics Bureau: March year-on-year vegetable prices rose 20.5%
The National Bureau of Statistics of China has released economic data for March, indicating that the national consumer price index has risen 3.6% year-over-year [YOY], and the quarterly consumer price index has risen 3.8% over the same period last year. in March, food prices rose 7.5% YOY, with meat and poultry products rising 11.3%, while fresh produce/vegetable prices rose 20.5%.
Comments from NetEase:
[Prices for] Cooking oil and shampoo did not increase just this little…
After the [Chinese] New Year, prices have all grown outrageously, and only 3.6%? Bullshit!
I won’t believe rumors, won’t spread rumors, will use my own brain~~~~~ [Alluding to the recent government campaign to crack down on the spread of rumors online.]
Increasing. Increasing. Increasing. How come we never see welfare benefits increasing???
The National Bureau of Statistics still remains the National Bureau of Stabbing Chickens [Chinese language pun of "statistics" and "stabbing chickens"].
If I may remind everyone, rising is still rising, but when they say year-on-year rise and fall, it’s actually still just rising.
Don’t be deceived by the National Bureau of Stabbing Chickens.
Those who agree, ding.
The National Bureau of Statistics simply publishes whatever they want to be true.
Produce prices, here the produce prices grew no less than 36%. Do you know what has the most investment potential in China? The answer is the CPI, because it is always being underestimated, and not just by one or two points…
When has the Statistics Bureau ever spoke the truth? I suspect they wouldn’t tell the truth even to the LD. Only willing to report the good while hiding the bad. Look at how much higher vegetable prices are now compared to the past. I predict there will be even more vegetable farmers destroying vegetables phenomena this year.
Closer and closer to the Xinwen Lianbo happiness index.
Unenthusiastically forces a smile before passing by, a heart filled with profanity.
Just want can be done [bought] with 100 yuan these days?
One bank’s president even lamented: “Bank profits are too high, I’m embarrassed to even announce them.”
The central bank’s high-interest policy is responsible for the high consumer loan interest rates.
So breaking the banks’ monopoly is actually very simple, the central bank just needs to shrink the substantial margins for bank deposits and loans when formulating interest rates,
which will benefit the people and benefit businesses:
To benefit the people, just substantially increase the interest rates for the people’s savings;
To benefit businesses, just substantially decrease the interest rates for business loans;
In other words, just narrow the current 4% margin between savings interest rates and loan interest rates down to the approximate 1% like in other countries.
Stop publishing the CPI, there’s no meaning to it anymore. It is whatever you say it is, either way we don’t feel the CPI is this number. Vegetable prices, chicken eggs… everyday it changes, but very rarely do we see the prices go down. Housing prices don’t fall, rents are skyrocketing, this is what our great motherland is like!
Sigh, however, pork prices did go down 2 mao yesterday, because the CPI would be released today, and of course some things had to cater a bit to policy.
In 1949, we heard “The Chinese people have stood up!” and countless people cried tears of join. But now, it looks like the Chinese people have not stood up all along, because the voice of the people is forever just a fart [not treated as important].
What 3.6%, more like 3.6x!
Have you noticed rising prices? How have rising prices affected you?
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