Massive hike in food prices driving rising inflation

The transcript discusses the speaker's arrival in Beijing and the noticeable rise in prices, highlighting a significant increase in the consumer price index, particularly in urban and rural areas. It also covers the national economic growth statistics, including GDP growth, and concludes with a formal greeting to the audience.

What was the speaker's initial observation upon arriving in Beijing?

• A noticeable increase in prices

• Stable economic conditions

• No change in the market

• A decrease in prices

By how much did the consumer prices increase in urban areas?

• 5.5%

• 11%

• 4.9%

• 9.7%

Which category saw the highest price increase?

• Food

• Rural transportation

• Urban housing

• Electronics

What was the GDP growth rate mentioned by the speaker?

• 5%

• 9.7%

• 4.9%

• 11%

How did the speaker describe the national economic growth?

• Stable and rapid

• Unpredictable

• Declining

• Slow and steady