Consumer confidence in the five quarter after the first drop

Xinhua News (Reporter Hu Hongwei intern He Yi) The National Bureau of Economic Prosperity Monitoring Center released yesterday, the 2010 three quarter, the Chinese consumer confidence index of 104, a decline of 5 points in the second quarter, after a row for the first time to fall after 5 quarters, the decline is due to inflation concerns. Pan Jiancheng, the center's deputy director of the analysis, employment expectations, income expectations decline, consumption will decline, so that the confidence index fell.　　Higher food prices and rising inflation expectations have led to a marked slide in consumer confidence among low-income groups.　　It is reported that consumers for the next 12 months, the overall level of price trends, the proportion of the number of people holding a positive increase, nearly 80% of consumers think the next 12 months food prices will rise, than the second quarter growth of 10%.　　The statistics bureau previously released data, the October Consumer price index (CPI) Year-on-year increase continued to expand to 4.4%, creating a new 25-month high, has been three consecutive months of innovation. For the next 12 months of real estate prices, 62% of consumers expected to "rise", a 8% increase than the second quarter.　　Rural consumer housing prices are expected to exceed the city, the three or four-line city expected to "increase" the proportion of consumers higher. The report said that this shows that real estate regulation to curb the price of the first-tier cities have some effect, but did not affect the three or four-tier cities.