National Bureau of Statistics: The impact of the rise in international gold prices on the domestic CPI trend

Fu Linghui, spokesperson for the National Bureau of Statistics, chief economist, and director of the Department of National Economic Comprehensive Statistics, stated that the year-on-year CPI turned from a decrease to an increase, mainly due to the improvement in the domestic market supply-demand relationship, with the rise in service prices and industrial consumer goods prices driving the increase. In addition, the rise in international gold prices also had an impact on the CPI increase through transmission effects domestically.