Bureau of Statistics: price recovery will push core CPI growth back to a reasonable level

Fu Linghui, spokesman for the National Bureau of Statistics, said at a press conference that as the economy and society returns to normal operation, the demand for services is steadily expanding, and the price increases in tourism, transportation, accommodation, and catering have rebounded, leading to an increase in service prices. In April, service prices rose 1% from a year earlier, 0.2 percentage points higher than the previous month, and rebounded for the second month in a row. In the future, with the strengthening of consumer demand for services, the rebound in prices will also push the core CPI growth back to a reasonable level.