According to Jinshi, Kang Yi, director of the National Bureau of Statistics of China, said at a press conference held by the State Council Information Office that the year-on-year decline in CPI in recent months is mainly structural and phased. With the introduction and implementation of some policies of the Central Economic Work Conference, the problem of insufficient effective demand will be gradually alleviated, and consumer prices are expected to stabilize and rebound. Kang Yi expects consumer prices to rise moderately in 2024.

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