11月份的CPI破“4”，应该这样看！

_blank class=infotextkey>get=_blank class=infotextkey>1_blank class=infotextkey>get=_blank class=infotextkey>2月_blank class=infotextkey>get=_blank class=infotextkey>10日，_blank class=infotextkey>get=_blank class=infotextkey>国家统计局_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公_blank class=infotextkey>get=_blank class=infotextkey>布_blank class=infotextkey>get=_blank class=infotextkey>2019年_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>全国_blank class=infotextkey>get=_blank class=infotextkey>居民_blank class=infotextkey>get=_blank class=infotextkey>消费_blank class=infotextkey>get=_blank class=infotextkey>价格（CPI），根据_blank class=infotextkey>get=_blank class=infotextkey>数据，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份CPI_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>上涨4.5%，远_blank class=infotextkey>get=_blank class=infotextkey>高于9月份的_blank class=infotextkey>3%，_blank class=infotextkey>get=_blank class=infotextkey>同_blank class=infotextkey>时也创_blank class=infotextkey>get=_blank class=infotextkey>下_blank class=infotextkey>get=_blank class=infotextkey>201_blank class=infotextkey>get=_blank class=infotextkey>2年1月份以来_blank class=infotextkey>get=_blank class=infotextkey>新_blank class=infotextkey>get=_blank class=infotextkey>高。

_blank class=infotextkey>gn="center">_blank class=infotextkey>g alt="_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份的CPI破_blank class=infotextkey>get=_blank class=infotextkey>“4_blank class=infotextkey>get=_blank class=infotextkey>”，_blank class=infotextkey>应该这样看！" src="https://statictp.fan_blank class=infotextkey>gdd.com/xfwf/Fo_blank class=infotextkey>08QZqToWeTOpF9id1qHKpT9D.jp_blank class=infotextkey>g"/>

对于这样的结果，_blank class=infotextkey>不_blank class=infotextkey>get=_blank class=infotextkey>少自_blank class=infotextkey>get=_blank class=infotextkey>媒_blank class=infotextkey>get=_blank class=infotextkey>体_blank class=infotextkey>get=_blank class=infotextkey>有_blank class=infotextkey>get=_blank class=infotextkey>话题可写了，_blank class=infotextkey>最_blank class=infotextkey>get=_blank class=infotextkey>常见的剧本无非是：物价_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>上涨了，钱_blank class=infotextkey>不值钱了，或_blank class=infotextkey>get=_blank class=infotextkey>生活_blank class=infotextkey>get=_blank class=infotextkey>成本_blank class=infotextkey>get=_blank class=infotextkey>上升了，日_blank class=infotextkey>get=_blank class=infotextkey>子_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>不好过了，这样的_blank class=infotextkey>get=_blank class=infotextkey>分析要么是坏蛋，要么是无知。

比如_blank class=infotextkey>get=_blank class=infotextkey>有_blank class=infotextkey>get=_blank class=infotextkey>人_blank class=infotextkey>get=_blank class=infotextkey>会说，_blank class=infotextkey>get=_blank class=infotextkey>现在一年期存款_blank class=infotextkey>收益是1.5%左右，_blank class=infotextkey>get=_blank class=infotextkey>现在CPI是4.5%，意味着_blank class=infotextkey>get=_blank class=infotextkey>我们在_blank class=infotextkey>get=_blank class=infotextkey>银行里的实际_blank class=infotextkey>get=_blank class=infotextkey>利率是1.5%4.5%=_blank class=infotextkey>3%

_blank class=infotextkey>get=_blank class=infotextkey>作为_blank class=infotextkey>get=_blank class=infotextkey>没_blank class=infotextkey>get=_blank class=infotextkey>有_blank class=infotextkey>get=_blank class=infotextkey>经_blank class=infotextkey>济学_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>常识的吃瓜_blank class=infotextkey>get=_blank class=infotextkey>群众，看到这样的_blank class=infotextkey>get=_blank class=infotextkey>内容_blank class=infotextkey>get=_blank class=infotextkey>肯_blank class=infotextkey>定_blank class=infotextkey>get=_blank class=infotextkey>会很焦虑，要么转发_blank class=infotextkey>get=_blank class=infotextkey>朋友圈，要么_blank class=infotextkey>get=_blank class=infotextkey>作为与好友交_blank class=infotextkey>get=_blank class=infotextkey>流的_blank class=infotextkey>get=_blank class=infotextkey>话题，_blank class=infotextkey>get=_blank class=infotextkey>然后_blank class=infotextkey>get=_blank class=infotextkey>流量就_blank class=infotextkey>get=_blank class=infotextkey>来了。这_blank class=infotextkey>get=_blank class=infotextkey>就是_blank class=infotextkey>他们的_blank class=infotextkey>get=_blank class=infotextkey>一种焦虑式_blank class=infotextkey>get=_blank class=infotextkey>营销。

_blank class=infotextkey>g>实际_blank class=infotextkey>get=_blank class=infotextkey>情况是这样吗？_blank class=infotextkey>g>

_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份的CPI确实偏_blank class=infotextkey>get=_blank class=infotextkey>高，但还_blank class=infotextkey>get=_blank class=infotextkey>没到_blank class=infotextkey>get=_blank class=infotextkey>那么夸的_blank class=infotextkey>get=_blank class=infotextkey>地步，_blank class=infotextkey>get=_blank class=infotextkey>我们细分来看就_blank class=infotextkey>get=_blank class=infotextkey>知道了，根据统计局的_blank class=infotextkey>get=_blank class=infotextkey>数据，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份，猪肉_blank class=infotextkey>get=_blank class=infotextkey>价格_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>上涨1_blank class=infotextkey>get=_blank class=infotextkey>10._blank class=infotextkey>get=_blank class=infotextkey>2%，_blank class=infotextkey>get=_blank class=infotextkey>影响CPI_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>上涨约_blank class=infotextkey>get=_blank class=infotextkey>2.6_blank class=infotextkey>get=_blank class=infotextkey>4个_blank class=infotextkey>百分点。也_blank class=infotextkey>get=_blank class=infotextkey>就是说_blank class=infotextkey>g>扣除猪价因素，实际CPI只_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>上涨了1.86%_blank class=infotextkey>g>。说明了_blank class=infotextkey>get=_blank class=infotextkey>什么_blank class=infotextkey>get=_blank class=infotextkey>问题？

1、_blank class=infotextkey>get=_blank class=infotextkey>现在的通胀只是结构性的，受二师兄_blank class=infotextkey>get=_blank class=infotextkey>影响_blank class=infotextkey>get=_blank class=infotextkey>非_blank class=infotextkey>get=_blank class=infotextkey>常_blank class=infotextkey>get=_blank class=infotextkey>大，只要猪价_blank class=infotextkey>get=_blank class=infotextkey>下跌，_blank class=infotextkey>get=_blank class=infotextkey>其他都_blank class=infotextkey>_blank class=infotextkey>不是_blank class=infotextkey>get=_blank class=infotextkey>问题。

_blank class=infotextkey>get=_blank class=infotextkey>2、拿到猪肉后，CPI是1.86%，这也_blank class=infotextkey>不_blank class=infotextkey>get=_blank class=infotextkey>高啊，发达_blank class=infotextkey>get=_blank class=infotextkey>国家CPI理想状态是_blank class=infotextkey>get=_blank class=infotextkey>2%，_blank class=infotextkey>get=_blank class=infotextkey>我们_blank class=infotextkey>get=_blank class=infotextkey>现在比_blank class=infotextkey>他们还低呢。

_blank class=infotextkey>get=_blank class=infotextkey>其实稍_blank class=infotextkey>关注_blank class=infotextkey>get=_blank class=infotextkey>一_blank class=infotextkey>get=_blank class=infotextkey>下_blank class=infotextkey>get=_blank class=infotextkey>市场就_blank class=infotextkey>get=_blank class=infotextkey>会_blank class=infotextkey>get=_blank class=infotextkey>知道，_blank class=infotextkey>get=_blank class=infotextkey>未来猪价_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>上涨的_blank class=infotextkey>get=_blank class=infotextkey>空间_blank class=infotextkey>get=_blank class=infotextkey>非_blank class=infotextkey>get=_blank class=infotextkey>常_blank class=infotextkey>get=_blank class=infotextkey>有_blank class=infotextkey>get=_blank class=infotextkey>限，甚至_blank class=infotextkey>get=_blank class=infotextkey>还可能_blank class=infotextkey>get=_blank class=infotextkey>会_blank class=infotextkey>get=_blank class=infotextkey>下跌，_blank class=infotextkey>get=_blank class=infotextkey>商务_blank class=infotextkey>部_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公_blank class=infotextkey>get=_blank class=infotextkey>布_blank class=infotextkey>get=_blank class=infotextkey>监测_blank class=infotextkey>get=_blank class=infotextkey>数据，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月_blank class=infotextkey>get=_blank class=infotextkey>25日至_blank class=infotextkey>get=_blank class=infotextkey>1_blank class=infotextkey>get=_blank class=infotextkey>2月1日猪肉批发_blank class=infotextkey>get=_blank class=infotextkey>价格为_blank class=infotextkey>get=_blank class=infotextkey>每_blank class=infotextkey>get=_blank class=infotextkey>公斤4_blank class=infotextkey>get=_blank class=infotextkey>2._blank class=infotextkey>35元，_blank class=infotextkey>get=_blank class=infotextkey>环比_blank class=infotextkey>get=_blank class=infotextkey>下_blank class=infotextkey>get=_blank class=infotextkey>降_blank class=infotextkey>3%。_blank class=infotextkey>get=_blank class=infotextkey>考虑到_blank class=infotextkey>get=_blank class=infotextkey>现在猪肉_blank class=infotextkey>进口增加_blank class=infotextkey>以及_blank class=infotextkey>get=_blank class=infotextkey>明年生猪_blank class=infotextkey>get=_blank class=infotextkey>供应增加，_blank class=infotextkey>get=_blank class=infotextkey>未来猪价_blank class=infotextkey>get=_blank class=infotextkey>下跌只是_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>时间_blank class=infotextkey>get=_blank class=infotextkey>问题。

所以_blank class=infotextkey>get=_blank class=infotextkey>我们_blank class=infotextkey>get=_blank class=infotextkey>现在_blank class=infotextkey>关注的_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>重点根本是_blank class=infotextkey>不CPI，而是PPI。

_blank class=infotextkey>get=_blank class=infotextkey>2019年_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份，PPI同比_blank class=infotextkey>get=_blank class=infotextkey>下_blank class=infotextkey>get=_blank class=infotextkey>降1.4%，_blank class=infotextkey>g>PPI是_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>全国工业生产者出厂_blank class=infotextkey>get=_blank class=infotextkey>价格，反映工业生产的温度，也反映_blank class=infotextkey>get=_blank class=infotextkey>经_blank class=infotextkey>济的冷暖_blank class=infotextkey>g>。_blank class=infotextkey>get=_blank class=infotextkey>下_blank class=infotextkey>面这图_blank class=infotextkey>get=_blank class=infotextkey>我们_blank class=infotextkey>get=_blank class=infotextkey>可以看出，PPI和_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>gDP_blank class=infotextkey>get=_blank class=infotextkey>走势_blank class=infotextkey>get=_blank class=infotextkey>高度一致，因此_blank class=infotextkey>get=_blank class=infotextkey>我们_blank class=infotextkey>get=_blank class=infotextkey>可以这样认为，_blank class=infotextkey>g>CPI_blank class=infotextkey>get=_blank class=infotextkey>影响_blank class=infotextkey>get=_blank class=infotextkey>居民的支出，PPI_blank class=infotextkey>get=_blank class=infotextkey>影响_blank class=infotextkey>get=_blank class=infotextkey>居民_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>收入_blank class=infotextkey>g>。

_blank class=infotextkey>gn="center">_blank class=infotextkey>g alt="_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份的CPI破_blank class=infotextkey>get=_blank class=infotextkey>“4_blank class=infotextkey>get=_blank class=infotextkey>”，_blank class=infotextkey>应该这样看！" src="https://statictp.fan_blank class=infotextkey>gdd.com/xfwf/FlUWot5p_blank class=infotextkey>gFH0oDJ_blank class=infotextkey>giH1xpf_blank class=infotextkey>get=_blank class=infotextkey>2pp50.jp_blank class=infotextkey>g"/>

_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份PPI是1.4%，虽然是负值，但比_blank class=infotextkey>get=_blank class=infotextkey>较好的是跌幅_blank class=infotextkey>收窄，_blank class=infotextkey>如果_blank class=infotextkey>get=_blank class=infotextkey>1_blank class=infotextkey>get=_blank class=infotextkey>2月份还延续这样的势_blank class=infotextkey>get=_blank class=infotextkey>头，_blank class=infotextkey>get=_blank class=infotextkey>那么确实_blank class=infotextkey>get=_blank class=infotextkey>可以_blank class=infotextkey>get=_blank class=infotextkey>这么_blank class=infotextkey>get=_blank class=infotextkey>乐观_blank class=infotextkey>get=_blank class=infotextkey>地认为，_blank class=infotextkey>g>_blank class=infotextkey>get=_blank class=infotextkey>经_blank class=infotextkey>济在_blank class=infotextkey>get=_blank class=infotextkey>阶段性企稳_blank class=infotextkey>g>。

_blank class=infotextkey>gn="center">_blank class=infotextkey>g alt="_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份的CPI破_blank class=infotextkey>get=_blank class=infotextkey>“4_blank class=infotextkey>get=_blank class=infotextkey>”，_blank class=infotextkey>应该这样看！" src="https://statictp.fan_blank class=infotextkey>gdd.com/xfwf/Fs_blank class=infotextkey>3_blank class=infotextkey>3MPkjRyiJVf_194xySxY6AIUj.jp_blank class=infotextkey>g"/>

我之所以_blank class=infotextkey>get=_blank class=infotextkey>这么说，并_blank class=infotextkey>_blank class=infotextkey>不是_blank class=infotextkey>get=_blank class=infotextkey>全看PPI的，_blank class=infotextkey>不_blank class=infotextkey>get=_blank class=infotextkey>知道_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>大家_blank class=infotextkey>get=_blank class=infotextkey>注意_blank class=infotextkey>get=_blank class=infotextkey>到了_blank class=infotextkey>get=_blank class=infotextkey>没_blank class=infotextkey>get=_blank class=infotextkey>有，稍早前_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公_blank class=infotextkey>get=_blank class=infotextkey>布的_blank class=infotextkey>get=_blank class=infotextkey>数据_blank class=infotextkey>get=_blank class=infotextkey>显示，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份，制造业PMI为50._blank class=infotextkey>get=_blank class=infotextkey>2%，_blank class=infotextkey>get=_blank class=infotextkey>连续_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>6个月_blank class=infotextkey>get=_blank class=infotextkey>低于临界点后，_blank class=infotextkey>get=_blank class=infotextkey>重_blank class=infotextkey>get=_blank class=infotextkey>回扩区间，处于_blank class=infotextkey>get=_blank class=infotextkey>年内次_blank class=infotextkey>get=_blank class=infotextkey>高点。说明_blank class=infotextkey>get=_blank class=infotextkey>经_blank class=infotextkey>济_blank class=infotextkey>get=_blank class=infotextkey>活动确实要比以往要_blank class=infotextkey>get=_blank class=infotextkey>活跃一点,据Wind_blank class=infotextkey>get=_blank class=infotextkey>数据，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>中国各_blank class=infotextkey>get=_blank class=infotextkey>大_blank class=infotextkey>get=_blank class=infotextkey>城市水泥_blank class=infotextkey>get=_blank class=infotextkey>均价在_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>今年9月_blank class=infotextkey>get=_blank class=infotextkey>结束了长达8个月的_blank class=infotextkey>get=_blank class=infotextkey>下跌，自9月以来已_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>上涨15%。

据_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>最_blank class=infotextkey>get=_blank class=infotextkey>新的_blank class=infotextkey>get=_blank class=infotextkey>数据，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>中国_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月_blank class=infotextkey>get=_blank class=infotextkey>新增_blank class=infotextkey>get=_blank class=infotextkey>人民币_blank class=infotextkey>get=_blank class=infotextkey>贷款_blank class=infotextkey>get=_blank class=infotextkey>1._blank class=infotextkey>39_blank class=infotextkey>get=_blank class=infotextkey>万_blank class=infotextkey>get=_blank class=infotextkey>亿元，预期1._blank class=infotextkey>get=_blank class=infotextkey>2_blank class=infotextkey>get=_blank class=infotextkey>万_blank class=infotextkey>get=_blank class=infotextkey>亿元，前值66_blank class=infotextkey>get=_blank class=infotextkey>1_blank class=infotextkey>3_blank class=infotextkey>get=_blank class=infotextkey>亿元。_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>中国_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月_blank class=infotextkey>get=_blank class=infotextkey>社_blank class=infotextkey>get=_blank class=infotextkey>会_blank class=infotextkey>get=_blank class=infotextkey>融资_blank class=infotextkey>get=_blank class=infotextkey>规模增量1.75_blank class=infotextkey>get=_blank class=infotextkey>万_blank class=infotextkey>get=_blank class=infotextkey>亿元，预期1.5_blank class=infotextkey>get=_blank class=infotextkey>万_blank class=infotextkey>get=_blank class=infotextkey>亿元，前值6189_blank class=infotextkey>get=_blank class=infotextkey>亿元。_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>最_blank class=infotextkey>get=_blank class=infotextkey>新_blank class=infotextkey>get=_blank class=infotextkey>发_blank class=infotextkey>get=_blank class=infotextkey>布的_blank class=infotextkey>get=_blank class=infotextkey>货币_blank class=infotextkey>get=_blank class=infotextkey>数据远_blank class=infotextkey>get=_blank class=infotextkey>超预期，_blank class=infotextkey>get=_blank class=infotextkey>其实也_blank class=infotextkey>get=_blank class=infotextkey>可以印证_blank class=infotextkey>get=_blank class=infotextkey>上_blank class=infotextkey>面的_blank class=infotextkey>get=_blank class=infotextkey>观点，_blank class=infotextkey>get=_blank class=infotextkey>你想呀，_blank class=infotextkey>get=_blank class=infotextkey>经_blank class=infotextkey>济_blank class=infotextkey>get=_blank class=infotextkey>活动_blank class=infotextkey>get=_blank class=infotextkey>活跃了，_blank class=infotextkey>get=_blank class=infotextkey>投资_blank class=infotextkey>get=_blank class=infotextkey>需求增加，对_blank class=infotextkey>get=_blank class=infotextkey>资_blank class=infotextkey>get=_blank class=infotextkey>金的_blank class=infotextkey>get=_blank class=infotextkey>需求_blank class=infotextkey>get=_blank class=infotextkey>肯_blank class=infotextkey>定_blank class=infotextkey>get=_blank class=infotextkey>会_blank class=infotextkey>get=_blank class=infotextkey>上升，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>最终表_blank class=infotextkey>get=_blank class=infotextkey>现在_blank class=infotextkey>get=_blank class=infotextkey>新增_blank class=infotextkey>get=_blank class=infotextkey>贷款和社融_blank class=infotextkey>get=_blank class=infotextkey>上。

我_blank class=infotextkey>get=_blank class=infotextkey>之前就和_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>大家说过，_blank class=infotextkey>get=_blank class=infotextkey>经_blank class=infotextkey>济_blank class=infotextkey>get=_blank class=infotextkey>领域永远_blank class=infotextkey>get=_blank class=infotextkey>存在两个现象，_blank class=infotextkey>get=_blank class=infotextkey>一个是通胀，另_blank class=infotextkey>get=_blank class=infotextkey>一个是通缩，_blank class=infotextkey>get=_blank class=infotextkey>南景_blank class=infotextkey>get=_blank class=infotextkey>南约_blank class=infotextkey>get=_blank class=infotextkey>新村_blank class=infotextkey>get=_blank class=infotextkey>租_blank class=infotextkey>get=_blank class=infotextkey>房，过_blank class=infotextkey>get=_blank class=infotextkey>高的通缩_blank class=infotextkey>不可取，过_blank class=infotextkey>get=_blank class=infotextkey>高的通胀也_blank class=infotextkey>不可取，但通缩的负效果远远要_blank class=infotextkey>get=_blank class=infotextkey>大于通胀，_blank class=infotextkey>g>PPI_blank class=infotextkey>如果过低，就_blank class=infotextkey>get=_blank class=infotextkey>有可能_blank class=infotextkey>get=_blank class=infotextkey>出现通缩的_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>风险，所以_blank class=infotextkey>get=_blank class=infotextkey>现在要防通缩，比如_blank class=infotextkey>get=_blank class=infotextkey>降准_blank class=infotextkey>get=_blank class=infotextkey>降息_blank class=infotextkey>g>。

_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>11月份PPI虽然跌幅_blank class=infotextkey>收窄，但_blank class=infotextkey>get=_blank class=infotextkey>持续性_blank class=infotextkey>get=_blank class=infotextkey>还要观察，加_blank class=infotextkey>get=_blank class=infotextkey>上外_blank class=infotextkey>部_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>环境_blank class=infotextkey>get=_blank class=infotextkey>短期内_blank class=infotextkey>不_blank class=infotextkey>get=_blank class=infotextkey>大可能很_blank class=infotextkey>get=_blank class=infotextkey>大_blank class=infotextkey>get=_blank class=infotextkey>改观，_blank class=infotextkey>村委绿本，这_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>时候_blank class=infotextkey>get=_blank class=infotextkey>更加_blank class=infotextkey>get=_blank class=infotextkey>需要_blank class=infotextkey>get=_blank class=infotextkey>国内的_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>政策加码。_blank class=infotextkey>g>本月_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>中央_blank class=infotextkey>get=_blank class=infotextkey>经_blank class=infotextkey>济_blank class=infotextkey>get=_blank class=infotextkey>工作_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>会议将_blank class=infotextkey>get=_blank class=infotextkey>会_blank class=infotextkey>get=_blank class=infotextkey>召开，这_blank class=infotextkey>get=_blank class=infotextkey>将是一次在关键_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>时期_blank class=infotextkey>get=_blank class=infotextkey>召开的一次_blank class=infotextkey>get=_blank class=infotextkey>非_blank class=infotextkey>get=_blank class=infotextkey>常_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>重要的_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>会议_blank class=infotextkey>g>，将_blank class=infotextkey>get=_blank class=infotextkey>会就_blank class=infotextkey>get=_blank class=infotextkey>明年_blank class=infotextkey>get=_blank class=infotextkey>经_blank class=infotextkey>济_blank class=infotextkey>get=_blank class=infotextkey>工作作出更详细的_blank class=infotextkey>部署，包括_blank class=infotextkey>get=_blank class=infotextkey>货币_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>政策（_blank class=infotextkey>get=_blank class=infotextkey>降准_blank class=infotextkey>get=_blank class=infotextkey>降息）、_blank class=infotextkey>get=_blank class=infotextkey>财_blank class=infotextkey>政_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>政策（_blank class=infotextkey>get=_blank class=infotextkey>减税_blank class=infotextkey>get=_blank class=infotextkey>降费等）、_blank class=infotextkey>get=_blank class=infotextkey>股市、_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>楼市等_blank class=infotextkey>get=_blank class=infotextkey>方_blank class=infotextkey>面的_blank class=infotextkey>部署等。

展望_blank class=infotextkey>get=_blank class=infotextkey>20_blank class=infotextkey>get=_blank class=infotextkey>20年，_blank class=infotextkey>get=_blank class=infotextkey>未来或许_blank class=infotextkey>get=_blank class=infotextkey>会_blank class=infotextkey>get=_blank class=infotextkey>有_blank class=infotextkey>get=_blank class=infotextkey>降准、_blank class=infotextkey>get=_blank class=infotextkey>降息、_blank class=infotextkey>get=_blank class=infotextkey>减税、稳_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>楼市、活_blank class=infotextkey>get=_blank class=infotextkey>股市、_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>金融_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>改革、对外_blank class=infotextkey>get=_blank class=infotextkey>开放、基建等_blank class=infotextkey>get=_blank class=infotextkey>新_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>政策_blank class=infotextkey>get=_blank class=infotextkey>出台，我想，_blank class=infotextkey>get=_blank class=infotextkey>这些_blank class=infotextkey>get=_blank class=infotextkey>举措_blank class=infotextkey>get=_blank class=infotextkey>主要_blank class=infotextkey>get=_blank class=infotextkey>考虑点是PPI，而非CPI。