What is the current inflation rate and what is the average annual inflation rate?

Annual inflation is likely to be around 3%, and GDP growth is expected to be 7%, minus (2 3% + 1 2%) = 4% to get 3%.

In the future, it will be difficult to have another 10% GDP growth, maybe 5% to 7% is normal, so inflation will not be too high. In general, an average of 4% per annum may be appropriate.

2.Now there's a risk of stagflation, so inflation is a little bit low. In fact, the inflation rate is generally the GDP growth rate minus 2% 3%, which is the daily price rate felt by the people, and the actual inflation rate should be subtracted by 1% 2%, because the price of products such as machinery and electricity is rarely or even reduced.

Song Guoqing: The inflation rate may reach 5% this year

Inflation is measured in time intervals, do you want to know whether it is within a year, or a month, or a quarter?

The inflation rate is also divided into nominal and real inflation.

Moreover, there will be a difference between the inflation rate announced by the statistical department and the actual situation, and the actual situation of inflation can be reflected when you go to the vegetable market to buy things and find that things are getting more and more expensive. Hehe.

The latest data shows that the inflation rate in China in February 2010 is.

(1) Inference based on CPI data.

On the issue of inflation, ** has actually been considered for us a long time ago, and the Consumer Price Index (CPI) released by the Bureau of Statistics every month is to tell us what the inflation rate is now compared to last year. According to the National Bureau of Statistics, China's CPI at the end of March 2019 was a year-on-year increase, that is, an increase compared to March 2018, and over the past 25 years, on average, the annual increase in CPI value was about.

Using this data to extrapolate, it can be roughly estimated that 1 million yuan in 10 years is equivalent to the current - 10,000 yuan.

That is to say, according to the official inflation data, the value of 1 million yuan now in 10 years is equivalent to 10,000 yuan today. This is the first data that everyone should remember - according to this data, the overall price of society in 10 years will be the present.

2) Projections based on real inflation.

Believe it or not, I know that most people probably don't trust the statistics from the Bureau of Statistics, so we have a second method of estimating – taking the annual broad money issuance data and subtracting the GDP growth data. The logic of this algorithm is as follows: the total annual GDP can be seen as the increase in real goods and services, and broad money** represents how much money is used to facilitate these transactions, and if the amount of money increases faster than the increase in real goods and services, the extra money is real inflation.

According to the statistics of the past 24 years, on average, China's annual real inflation rate is about. Using this data, it can be roughly estimated that 1 million yuan now will be equivalent to 10,000 yuan in 10 years.

In other words, in 10 years, the real price level of society will be twice as high as it is now.

10,000 yuan, the second data also came out, and I also think this data is more reliable.

3) Extrapolated according to the proportion of the total monetary output of the whole society.

If you are not too satisfied with this number and want to keep your wealth as it is today, then you have only one way - to catch up with the data of the money printed by the central mother!

At the end of 1995, China's broad money volume was trillion yuan, and according to the latest data released by the central bank, this figure has become one trillion yuan at the end of March 2019, an increase of almost 30 times.

According to the data released by the state, it is slightly higher than the 3-year fixed interest rate, about 4%, according to my estimate, almost 10%.

By collating the M2 data and GDP data from 2001 to 2020, we can get the M2 growth rate, GDP growth rate and annual inflation rate in these two decades.

Summarizing the annual inflation rate in the above figure, we can get the total inflation rate in China for the 20-year period from 2001 to 2020, and the compound annualized inflation rate is. To put it simply: December 31, 2020, the purchasing power of the yuan.

It is roughly equivalent to the purchasing power of 100 yuan on January 1, 2001.

Although this data may be a little different from everyone's imagination; But in fact, this data is the same as hamburgers in the last 20 years.

The ** changes are still basically consistent. In addition to meat, flour, vegetables and cooking oil, the hamburger's ** also includes labor and rent, etc.

Thus, the inflation rate we get here reflects the inflation rate for basic consumer goods, which are mainly food. Over the past 20 years, this data is: the total inflation rate, the compound annualized inflation rate.

In layman's terms: for basic meals, on December 31, 2020, the purchasing power of RMB is roughly equivalent to the purchasing power of RMB 100 on January 1, 2001.

So what will be our inflation in the next 10 years for basic food? Although we cannot predict the future; But we can use the inflation rate of the last five years to make an approximate **.

Over the past 5 years, our arithmetic average annual inflation rate has been compounded annualized inflation. At the same time, given the pandemic in 2020 and the downward trend of interest rates in the future, we have reason to believe that in the next ten years, our inflation rate will be around 3% per year for basic food.

Inflation rate in 2020.

China's inflation rate in 2020 is: The inflation rate is actually the ** range of the price level of residents in one year, compared to 2019, the ** range of consumer prices for the whole year of 2020 is, so the inflation rate is.

Extended Materials. 1. Inflation and its influencing factors.

Inflation is a process of persistence, or in the same sense, of the constant depreciation of money.

There are many factors that affect inflation, but because many of them overlap with each other. The main influencing factors are:

1) Fixed assets.

Total amount of investment. China's total demand growth is relatively fast, mainly driven by investment, and the leading investment pull role is the most obvious, for infrastructure construction, China's fixed assets expansion is mainly manifested in the general processing industry investment growth too fast, which causes the investment structure to the processing industry and non-productive construction tilt, resulting in energy, raw materials and transportation extremely tight, increase the pressure on prices.

2) Economic growth (GDP). Economic growth will also lead to inflation, and when the economy grows, the demand for money will increase, and the supply of money will increase accordingly, so it will bury certain hidden dangers for inflation.

3) Currency issuance (m2). In order to stimulate domestic demand, the state sometimes adopts a moderate monetary expansion policy, and the excess of money** will increase the purchasing power of the market.

At this time, if the first volume can not meet the increased demand, the market will only increase the price, which is determined by the law of value.

Decided. 4) Foreign exchange reserves.

The burden of foreign debt is too heavy and the foreign trade deficit is in deficit.

Excessive size and a large disparity between the international market** and the domestic market** can cause inflation. China is a country with an extremely imbalance between the supply and demand of domestic commodities, and blindly increasing exports has exacerbated the phenomenon that the domestic market demand is greater than the supply, which is an important reason for China's inflation. The growth of exports** lags behind that of imports**, which is also one of the factors that cause prices due to structural imbalances.

In order to make up for the balance of payments.

The state has to adopt the highest level of purchase to increase export products, which affects the domestic consumer goods and exacerbates the contradiction between supply and demand in the domestic market.

The inflation rate is different for different items, for example, the price of a house rises by about 5% per year. The basic price of household appliances is very small, and the price of grain is also very small.

In recent years, it has remained at about 10% in China.

2019 is.

2020 is.

Here's the information you need.

That's about 10% per year.

The average annual inflation rate in our country over the past two decades has been 7 percent. The inflation rate, an economic term, refers to the rate at which the general price level is raised over a certain period of time (usually one year). Reflects the extent of inflation.

It is usually expressed by the rise of the ** index and the decrease in the purchasing power of the currency. In economics, the rate of inflation is the increase in the average price level (based on inflation).

Using the analogy of a balloon, if its size is the price level, the inflation rate is the degree of balloon inflation. Or, the degree to which inflation declines in the purchasing power of money.

Calculation method: The inflation rate is usually expressed indirectly in terms of the index growth rate. If the index growth rate is greater than zero, there is inflation; If the index growth rate is less than zero, deflation is present.

When determining the inflation rate, it is necessary to choose a **index to represent the change of the general ** level, and the ** index that can be selected mainly includes: commodity wholesale ** index, commodity retail ** index, household consumption ** index and gross domestic product ** index. Most countries use the consumer consumption index as a measure of inflation, and formulate monetary policy and related macroeconomic policies according to the changes in the consumer consumption index to achieve the macroeconomic goal of price stability.

Development process. Phillips (1958) demonstrated that there is a relationship between wage inflation and unemployment. That is, when the unemployment rate rises, the rate of money wages falls; Conversely, when the unemployment rate falls, the rate of money wages rises.

The Phillips curve was originally a statistical result with no theoretical basis.

In 1960, Canadian economist Lipsay proposed the original model of the Phillips curve after discovering a stable negative correlation between inflation and unemployment. Since then, a group of economists such as Keynesianism, Friedman, and rational expectations have used this model to further study the relationship between inflation and unemployment, especially Keynesians, who have used the Phillips curve as an important tool for demand management.