Promoted by the raise of meat, poultry, egg and grease price, the linked relative ratio and the year-on-year growth of Consumer Price Index (CPI) increased greatly. The linked relative ratio of growth rate for producer price of industrial products (PPI) and purchasing price of raw materials, fuels and powers expanded, while the year-on-year growth fell back to some extent. Among them, the price of ferrous metals rose relatively fast. The growth of import price increased, while that of the export price fell back. The conditions of trade became aggravating. Both the linked relative ratio and the year-on-year growth of house price increased. The international price of crude oil grew up with vibration. The international price of nonferrous metals remained in high position and grew down to some extent. The Baltic Dry Index (BDI) fell back slightly after continuous rising.

The main reason of meat and egg price raise is that the price of grains increased causing breeding cost to increase and the epidemic situation aggravated the unbalanced supply and demand. The main reason of ferrous metal price raise is that the export of ferrous metals increased at high speed and the cost of production and transportation increased. The linked relative ratio and the year-on-year growth of house price expanded mainly because the growing rate of commercial house supply fell back greatly while the demand was still strong, namely the contradiction between supply and demand was conspicuous.

The main factors that promote the price level to rise in the future are as following. The international price of nonferrous metals and crude oil, which is running in a high position, may grow up with small breadth. Other factors are the implementation of energy-saving and discharge-reducing policies, price reform of resource products and raise of labor cost. The main factors that pull the price level down in the future may be the policy readjustment of import and export tax and export rebates and surplus production capacity of some production goods and consumables.

It is estimated that the consumption growing rate of the second half year will be higher than that of the last year. The investment may have rebounding pressure. The growing rate of export will fall back, while that of import will increase. The growing rate of favorable trade will decelerate. According to the current statistic model, it is estimated that the Chinese GDP growing rate will be 11.0% for the first half of 2007 and 10.8% for the whole year. That of CPI will be 3.0% for the first half of the year and 3.2% for the whole year.