Purchase price index sharply drop inflation pressure or ease

⊙ reporter Wu Ting 0 editor Liu Yufeng China Logistics and Purchasing Federation 1st, China's manufacturing Purchasing Managers index (PMI) bought a price index of 58.9% in May, down 13.7% from last month. This is the first time since last November that the index has fallen below 60%.　　Experts pointed out that the fall in the price index showed a decrease in the risk of a substantial increase in prices, inflation pressure eased, but still need further observation. In the 20 sectors, the number of industries that bought a price index higher than 50% in May was 17, down 3 from last month, and 70%, compared with 1 last month.　　China Logistics Information Center that the purchase price index fell back, mainly because of the recent period of steel, copper, aluminum and other commodity prices fell. China Logistics Information Center also pointed out that, from the purchase price index down, the current inflationary pressure in China seems to be eased, there are some factors that slow down the price increase.　　First of all, since the beginning of this year, the RMB effective exchange rate has risen to 6%, thereby further reducing the urgency of the appreciation of the renminbi against the dollar, input inflation pressure may be reduced. Second, the current European sovereign debt crisis attacks the global financial markets, the world economic recovery is facing the risk of China's export recovery, the future economic overheating risk factor, and the recent domestic a-share market plunge, the second half to control the rapid rise in housing prices as the focus of the real estate control policy effect will gradually reflect　　Asset prices have been or are being squeezed, which will slow the rise in energy and commodity prices and lower the external pressure on the price of manufactured goods (PPI) delivered to consumer prices (CPI) in the upstream sector. For inflation risk, China International Exchange Center researcher Zhang Yongjun that July China's price increase may reach peak, and then continue to decline.　　and the current price of agricultural products are small varieties, the weight of small, on the overall trend of prices, from the world economic point of view, inflation is basically controlled, inflationary pressure mainly from the large-scale delivery of money, this pressure has been reduced. "Whether the inflation pressure is really alleviated, still need to combine the later data to judge."　　"There are also experts that, from the current point of view, to promote the price of the factors still exist, the recent period of China's agricultural products prices have been rising, if not take appropriate measures to control, it is likely to become the" push hand "of the CPI rise. China Logistics Information Center pointed out that in the three quarter of China into the consumption off-season, inventory pressure may also increase, there may be fluctuations in the price trend or even shocks. A pullback in the manufacturing PMI index in May may have been an advance response to the uncertainty.