Morgan is cast on fund released fund weekly a few days ago, data made the macroscopical economy that publishs last week comment on, morgan is cast on fund thinks, CPI data excel anticipates, but short-term inside pessimistic atmosphere is eliminated very hard still, pay close attention to A in long term layout opportunity.

Morgan is cast on fund expresses, national statistic bureau releases those who include CPI to wait inside last week data of macroscopical August economy. CPI rises compared to the same period 4.9% , food rises in price 10.3% , blame food rises in price 2.1% ; Annulus looks than coming, drop than July 0.1% ; Food price fall 0.4% . PPI rises compared to the same period 10.1% , raw material, fuel, motivation is purchased rise in price 15.3% . From the point of the structure of PPI, manufacturing data producer price rises compared to the same period 12.0% , producer price of means of subsistence rises compared to the same period 4.0% . With July PPI from June 8.8% rise to 10% photographs to compare, the impetus that PPI rose August puts delay apparently. 1-8 month, town fixed assets invests 8.492 trillion yuan, grow 27.4% compared to the same period. Although compare 1-7 month,this is occupied 0.1 tall percent, but only month data one thousand two hundred and seventy-five billion nine hundred and sixty-one million yuan, grow 28.1% compared to the same period, with photograph comparing is low in July 1.1 percent, rise considering what produce data price element, real investment is added fast also be in show downtrend.

Morgan is cast on fund thinks, to August the fall of CPI, the market has early anticipate, but drop to 5% the following still good at major investor predict, this data is the lowermost level since nearly 14 months, its are released also made that day early dish play quickly litre. To the reason that CPI drops quickly, on the market unscramble go up for food price drop, and become warped of end element abate. Because base is inferior September last year,predict, together with 9, two months 10 mid-autumn, element of National Day holiday is driven, the market anticipates CPI may appear small rebound, but will drop again November. And PPI goes up exceed again 10% also exceeded major investor predict, should go up those who achieve nearly 12 years to come is new tall, producing a data to rise in price is the main reason that drives PPI to upsurge. But appear the price in succession as crude oil, steely, coal, nonferrous metal callback, the amplitude of PPI began to drop likely September. Notable is, CPI data is medium August, blame food price rises a stability in 2.1% , the PPI that shows tall look forward to goes up did not conduct in the round to CPI. Although the market is relatively hopeful to the anticipation of CPI and PPI, but seasonal the possibility that the existence that reachs the element such as resource price reform still makes inflationary existence rebounds, constrictive policy is short-term inside won't loosen significantly.