I didn't want to post today, but in the morning, the Bureau of Statistics released economic data for November, and the CPI hit a new low this year, with a year-on-year decline of 05%, this data directly shocked the financial circleIf this data is released on Friday, it will be difficult for Big A to escape a bloody storm.
According to the general definition of deflation,If the CPI is negative for three consecutive months, it is deflationary, now we have been 2 months in a row, and the CPI ** speed is accelerating, and there is a high probability that it will be negative in December, soWe have effectively entered deflation.
So this time, the ** meeting also focused on expanding consumption, butThe basis for expanding consumption is to raise people's income levels and reverse people's expectations.
Deflation is troublesomeThe most direct manifestation of deflation is that money is becoming more and more valuable, so if you don't use the money you save, not only will it not depreciate, but it will also appreciate, even if the bank interest rate is getting lower and lower, but the money itself is appreciating, so it is difficult to stop everyone's enthusiasm for saving.
In fact, this year, our physical perception should also be the purchasing power of money is increasing, after all, the big items that are closely related to our lives, such as houses and cars, are falling in price this year, and the middle class likes to consumeHigh-end cigarettes and alcohol, second-hand luxury goods such as watches and bags, are also falling, and even some categories can be described as "the sky is falling".