Stabilizing prices is crucial to stabilizing the overall economic market. The executive meeting of the State Council held a few days ago pointed out that in the face of the current complex and severe international environment with serious inflation, we must strive to run our own affairs well< Br > < div class= "contheight" > < /div> currently, global inflation is intensifying. In May, the US consumer price index (CPI) rose by 8.6% year-on-year, a 40 year high. Excluding food and energy, the core inflation rate rose by more than 6% year-on-year for two consecutive months; CPI in many emerging economies increased by more than 10%, and a few countries even increased by more than 50%. In June, the inflation rate in the eurozone was 8.6% at an annual rate, hitting a new record high< Br > < div class= "contheight" > < / div > China has been deeply integrated into the global economy, and the rise in international commodity prices will objectively increase the pressure of imported inflation. According to the data in May, this effect has appeared. For example, the prices of gasoline, diesel and LPG increased by 27.6%, 30.1% and 26.9% year-on-year respectively< Br > < div class= "contheight" > < /div> compared with the “high fever” international inflation, China’s prices can maintain overall stability, which is hard won and commendable. From the perspective of macro policies, after the outbreak of the COVID-19, major economies around the world generally adopted ultra loose stimulus policies to cope with the recession, resulting in a sharp rise in macro leverage. However, China has always insisted on not engaging in “flooding”, not issuing excess money, and not overdrawing the macro policy space in the future< Br > < div class= "contheight" > < / div > from the perspective of supply and demand conditions, China has strong economic toughness, large market space, and rich policy toolbox, especially the continuous harvest of grain production, sufficient pig production capacity, and abundant supply of industrial and agricultural products and services. In the face of imported inflation pressure, China adheres to the people-centered development idea, focuses on ensuring the supply and price stability of people’s livelihood commodities and bulk commodities, and actively takes a series of measures, such as strengthening monitoring, forecasting and early warning, stabilizing production and supply, enhancing reserve capacity, and strengthening market supervision, to do everything possible to stabilize prices and control the impact of imported inflation within a limited range< Br > < div class= "contheight" > < /div> maintaining price stability is related to the vital interests of thousands of households and the overall situation of economic and social development. Price instability will seriously disrupt market expectations and even the entire economic operation order, and even affect social stability. Since this year, some unexpected changes, such as the complex evolution of International Geopolitics and the emergence of a new round of domestic epidemics, have affected China’s economy, and the downward pressure has further increased. To keep the economy running within a reasonable range, we must give full play to the supporting role of stabilizing prices< Br > < div class= "contheight" > < /div> on the whole, China has an abundant supply of important livelihood commodities, and there will be no “inflation” of the overall rise in prices. Looking forward to the second half of the year, CPI will continue to operate within a reasonable range, and the expected target of about 3% for the whole year can be achieved, and the increase of PPI is expected to fall further. However, the international environment is complex, and the prices of grain, energy and other bulk commodities will remain high and volatile. We must not relax our efforts to stabilize prices< Br > < div class= "contheight" > < /div> on the one hand, we should attach great importance to ensuring the stable supply of grain and energy in China, which is crucial to stabilizing prices and preventing inflation. We should continue to consolidate our responsibilities, ensure that the annual grain output remains above 1.3 trillion Jin, and do a good job in the production of pork and other basket products. Ensure the stable supply of energy such as electricity and coal, and accelerate the release of domestic advanced coal production capacity. On the other hand, while doing a good job in epidemic prevention and control, we should further expedite logistics, especially in key areas, and maintain the stability of the industrial chain and supply chain. Continue to increase support for market players, and promote enterprises to return to work and reach production as soon as possible under the condition of doing a good job in epidemic prevention and control. We should launch the linkage mechanism between social assistance and security standards and price increases in a timely manner according to the situation, and issue temporary price subsidies in full and on time, so as to effectively alleviate the impact of price increases on the basic lives of people in difficulties and secure the bottom line of people’s livelihood.