This year, the global overall inflation rate hit a 10-year high. In 2021, the inflation rate of more than 80 countries and regions hit a new high in recent five years. This year, the global overall inflation rate will reach 4.3%, a 10-year high. Among them, the eurozone CPI increased by 4.9% year-on-year in November, the largest increase in 25 years. The CPI of the United States rose 6.2% year-on-year in October, the largest increase in 31 years. Some analysts believe that in order to stimulate economic recovery, western countries represented by the United States have released liquidity on a large scale. Since March last year, the United States has adopted a super fiscal stimulus plan and ultra loose monetary policy.






Central bank: in November, the M2 balance increased by 8.5% year-on-year. According to the central bank, at the end of November, the balance of broad money (M2) was 235.6 trillion, an increase of 8.5% year-on-year. The growth rate was 0.2 percentage points lower than that at the end of last month and 2.2 percentage points lower than that at the same period of last year; The balance of narrow money (M1) was 63.75 trillion yuan, a year-on-year increase of 3%, 0.2 percentage points higher than that at the end of last month and 7 percentage points lower than that in the same period of last year; The balance of money in circulation (M0) was 8.74 trillion yuan, a year-on-year increase of 7.2%. The net cash invested in the month was 134.8 billion yuan.






National Bureau of Statistics: PPI increased by 12.9% year-on-year in November. In November 2021, the ex factory prices of national industrial producers increased by 12.9% year-on-year, unchanged month on month; The purchase price of industrial producers increased by 17.4% year-on-year and 1.0% month on month. From January to November, on average, the ex factory price of industrial producers increased by 7.9% over the same period last year, and the purchase price of industrial producers increased by 10.7%.






Interpretation of data from the Bureau of Statistics: Dong Lijuan, Senior Statistician of the city Department of the National Bureau of Statistics: in November, with the increasing implementation of the policy of ensuring supply and stabilizing prices, the rapid rise in the prices of energy and raw materials such as coal and metals was initially curbed, and the increase of PPI fell. On a month on month basis, affected by seasonal factors, rising costs and epidemic outbreaks, CPI rose by 0.4%, down 0.3 percentage points from the previous month. In food, affected by seasonal consumer demand growth and tight supply of short-term fat pigs, pork prices changed from decline to rise, up 12.2%.