The National Bureau of statistics released the first quarter macroeconomic data.

Among them, GDP, or GDP, grew by 10.6% in the first quarter, down 1.1 percentage points from the same period last year.

This shows that under the role of macroeconomic regulation and control, China's economic growth has begun to fall, and another data we care about is CPI in the first quarter of this year, up 8% over the same period last year, and the upward pressure is still not decreasing.

First quarter economic data released CPI rose 8% pressure did not decrease

In the first quarter of this year, the total consumer price level rose 8%, or 5.3% higher than the same period last year, of which the city rose 7.8% and the rural area rose 8.7%.

In terms of classification, food prices rose by 21%, pushing up the overall price level by 6.8%, increasing the residential price by 6.6%, and pushing up the overall price level by 1%.

Li Xiaochao, spokesman for the National Bureau of statistics, said: in 2007, the total consumer price level had a 3.4 percentage point impact on the year-end Year-end of 2008, and the target of controlling the total consumer price level was around 4.8%. The new price increase factor needed to be controlled at 1.4 percentage points. In fact, it meant that the increase in the last nine months could not exceed 4.2%.

Li Xiaochao said that there are still many factors that affect the new price increase, including the ex factory price of industrial products, the price of raw material and fuel power supply, the increase in the price of agricultural means of production, the pressure of increasing prices in the field of production to the consumption field, and the second, the cost of labor force is still rising, which will increase the cost of enterprises and promote the rise of commodity prices.

All of these increase the pressure on the rising consumer price.