This report reviews the main characteristics and dynamics of the price fluctuation in consumption and production. It makes comparisons of the prices in Shenzhen with those in Guangdong，other major cities as well as those on a national level. It also examines the main aspects such as input factors and internal components. On such a basis，taking into consideration the changing situation of COVID-19 pandemic and the new development mode，the report provides an outlook of the price trends in 2021. The report believes that Shenzhen’s production and consumer prices are expected to rise in 2021.