Root Causes of Continuous Price Decline And Policy
Table 1 Main Price Changes in January-May 2002 (%)
Month Jan Feb Mar Apr May
Consumer prices nationwide Over a year earlier -1.0 0.0 -0.8 -1.3-1.1
Over preceding month 0.3 1.1 -1.3 -0.3
Accumulated -1.0 -0.5 -0.6 -0.7-0.8
Producer prices of industrial products Over a year earlier -4.2 -4.2 -4.0 -3.1
Prices of capital goods Over a year earlier -5.0 -4.7 -4.5 -3.4
Import prices of raw materials Over a year earlier -4.8 -4.6 -4.7 -3.8
(2) Direct causes of price declines
1. The price-pulling factors have weakened. In recent yea
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