The price of vegetable meat and egg prices has fully retraced. Officials at the NDRC said that prices will steadily decline.

China Broadcasting Network, Beijing, November 3, according to China Voices "News Horizons," reported that a few months ago people are still more and more because of the "golden and noble" of pork, vegetables, fruit, complained. Now, it is found that food prices are quietly falling. Just when everyone was ready to relax, officials from the official background broke out and the price index would quickly fall back to less than 3 next year. Faced with ups and downs, we are either happy or worried.

At a Tiankelong supermarket in the Xicheng District of Beijing, sales staff of cold meat counters told reporters that the price of pork dropped a lot during this time:

Sales staff: We are now cheaper here.

Reporter: How much cheaper?

Sales staff: more than three kilograms per kilogram!

Reporter: The previous price?

Sales staff: 18 more!

Mr. Wang retired at home, his main job every day is responsible for buying, shopping than three have become his habits. The slight drop in the price of pork can't escape his eyes, and the most intense one feels is the change in the price of eggs:

Mr. Wang: Feeling a little more eggs, the original 5 blocks of 3 and 5, and now 4 blocks 6.

The reporter carefully observed that the prices of meat, poultry, eggs, vegetables, and fruits all fell to varying degrees. The price cut is not just rice miso vinegar tea, which opens seven things. Previously, the price of cotton was plunged. In August, the price of cotton fell to the trough, which was a drop of more than 60% from the highest point of 31,000 yuan/ton in March. October was known by the steel industry as the "dark month," and iron ore prices that had been strong until then fell by 30%. The person in charge of Jining Jiesheng Iron and Steel Material Company lamented that the momentum of the steel price plummeted nearly to the end of 2008.

Person in charge: If the number of pipes is reduced, the number of pipes will be reduced by more than 100 yuan. Other boards can be reduced to more than 500 yuan. Our sales volume is definitely less. Now we have less demand. Since the second half of the year, we have started to sell less. I think it's almost half.

Applying a word from the Ministry of Commerce, both food prices and prices of production materials are now falling. It is no wonder that the market generally expects that the price index CPI in October will definitely return to the era of "5." Zhou Wangjun, deputy director of the Price Division of the National Development and Reform Commission, admits that in the last quarter of 2011, prices will steadily decline:

Zhou Wangjun: From the current situation, the CPI in July is a clear turning point. According to the current form, the CPI in the fourth quarter will steadily decline.

As prices fell and inflationary pressures eased, the central bank advisor Li Daokui recently predicted that the annual inflation rate this year will be 5.5%, and the price index for the first nine months of the country will be 5.7%. If Li Daokui's forecast is accurate, then the CPI for the last three months should be below 5.5%, even falling below 5% in individual months. In the past year, people have personally felt the pressure brought about by rising prices. Li Daokui predicts that by 2012, the price index growth may fall sharply to 2.8%. Although Chen Dongqi, deputy director of the Macroeconomic Research Institute of the National Development and Reform Commission, did not predict specific data, he did not rule out the possibility of a rapid decline:

Chen Dongqi: I think the trend of falling prices will continue. The fourth quarter will accelerate, and the next year will be faster.

If we say that price decline is a happy thing, then a sharp and rapid fall will inevitably cause people to worry about whether the Chinese economy has suffered a quick freeze like it did in 2008. According to a think tank close to the central decision-making level, GDP may fall to 8.8% or even lower in the fourth quarter. Looking at the outside world, the EU debt crisis has still not found an effective solution, and the US economy is weak in recovery. In 2012, China’s exports were difficult to see improvement. Looking at the domestic market again, the dust and death crisis of Wenzhou's SMEs has not yet been determined, and the stock market has continued to hit new lows. People seem to smell the coldness of deja vu again. The view from the market is that there is no need to worry too much at the moment because China is in an era of rising labor costs. Hongyuan Securities Advanced Analysis Teacher is:

Fan Wei: This month will give you a salary of 14,700 yuan, and give you 3,500 yuan next month. Do you think it is possible? As the demographic dividend decreases, labor prices will continue to show a rising trend.

The increase in labor costs will keep the CPI at a moderate level above 3%. Chen Dongqi also supports this view. In his view, macroeconomic adjustments in 2012 will require more art, prices should not be controlled too low, and monetary policy should not be blindly tightened:

Chen Dongqi: To stabilize the price and control the pace, we must protect the interests of farmers under the conditions of protecting the interests of the citizens. Our next macro policy should be somewhat flexible. The Central Committee has already set its orientation. I also believe that this is correct, but it does not mean that it is tight and tight, and the tighter the better. After this year, we will continue to maintain the results of stabilizing prices, but at the same time we must pay attention to the fact that economic growth should not be reduced too quickly.