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In October, the consumer price index went up by 5.5 percent year-on-year. The prices grew by 5.4 percent in cities and 5.9 percent in rural areas. The food prices went up by 11.9 percent while the non-food prices increased by 2.7 percent. The prices of consumer goods went up by 6.6 percent and the prices of services grew by 2.8 percent. In October, the month-on-month change of consumer prices was up by 0.1 percent. Of which, prices in cities went up by 0.1 percent, and rural remained the general level. The food prices down by 0.2 percent while the non-food prices increased by 0.2 percent. The prices of consumer goods rose by 0.1 percent, and the prices of services went up by 0.2 percent.
I. Year-on-Year Changes of Prices of Different Categories
Food Prices went up by 11.9 percent year-on-year, contributing nearly 3.62 percentage points to the overall growth. Of which, the prices of grain rose by 11.6 percent, meaning 0.32 percentage point growth in the overall price level; meat, poultry and related products, surged 26.1 percent, contributing 1.72 percentage points (price of pork was up by 38.9 percent, contributing 1.12 percentage points); fresh eggs, up 12.6 percent, contributing 0.11 percentage point; aquatic products, up 12.4 percent, contributing 0.28 percentage point; fresh vegetables, dropped 6.8 percent, fresh fruits, up 11.1 percent, contributing 0.19 percentage point, grease, increased 15.8 percent, contributing 0.18 percentage point.
Prices for tobacco and liquor went up by 3.7 percent year-on-year, of which, that for tobacco was up by 0.4 percent and liquor 8.7 percent.
Prices for clothing rose by 3.7 percent year-on-year. The clothes prices went up by 4.0 percent while the shoes prices increased by 2.5 percent.
Prices for household facilities, articles and maintenance services went up by 3.1 percent year-on-year, of which, prices for durable consumer goods was up by 1.0 percent, and household services and processing, maintenance services, up by 11.9 percent.
Prices for health care and personal articles grew by 3.5 percent year-on-year. Of which, prices for western medicine went down by 0.6 percent; Chinese medicinal materials and patent medicine, up 13.0 percent; and health care services, up 0.5 percent.
Prices for transportation and communication rose by 0.8 percent year-on-year. Of which, prices for vehicles dropped by 0.3 percent; fuels and parts for vehicles, up 12.2 percent; vehicles use and maintenance, up 4.6 percent; transportation fares between cities, up 2.9 percent; public transport fares in cities, up 1.9 percent; and communication, down by 13.7 percent.
Prices for recreation, education, culture articles and services remained the general level year-on-year. Of which, education went up by 0.9 percent; recreation and culture, up 1.5 percent; traveling, up 2.3 percent; and durable goods and services for recreation and culture, down by 6.6 percent.
Prices for housing went up by 4.4 percent year-on-year. Of which, prices for water, electricity and fuel rose by 3.5 percent; houses building and decorating materials, up 4.5 percent; and housing rental prices, up 3.6 percent.
According to estimation, in the 5.5 percent growth in October, the carryover effect of last year’s prices rising accounted for 1.5 percentage points, while new prices rising factors in this year accounted for 4.04 percentage points.
II. Month-on-Month Changes of Prices of Different Categories
In October, food prices down by 0.2 percent month-on-month, contributing 0.06 percentage point to the month-on-month growth of consumer prices. In October, price for fresh vegetables continued to decline 3.4 percent month-on-month, affecting 0.09 percentage points decrease in the overall price level, price for meat, poultry and related products decreased 0.6 percent (that for pork declined 1.8 percent, while resulted in 1.2 percentage point up month-on-month.), price for fresh eggs dropped 3.8 percent (caused 2.4 percentage points increase month-on-month), price for aquatic products continued to decline 1.5 percent month-on-month, Prices growth of the above mentioned three items triggered 0.13 percentage points decrease of the overall prices. Price for grease climbed 0.5 percent, narrowed 1.0 percentage points month-on-month, price for fresh fruits increased 5.7 percent month-on-month, expanded 2.6 percentage points over September, price for grease and fresh fruits affecting 0.11 percentage points increased in the overall price level.
Non-food prices climbed 0.2 percent in October, affecting 0.15 percentage points increased in the overall price level. Of this total, prices for tobacco and liquor, clothing, household facilities, articles and maintenance services, recreation, education, culture articles and services, and housing rose by 0.5, 1.6, 0.1, 0.2 and 0.1 percent respectively, while that of prices for health care and personal articles, and transportation and communication dropped 0.1 and 0.3 percent, respectively.
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Consumer Prices in October
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Item
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October
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Jan-Oct
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M/M (%)
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Y/Y (%)
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Y/Y (%)
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| |
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| Consumer Prices |
0.1
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5.5
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5.6
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| Of which: Urban |
0.1
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5.4
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5.5
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| Rural |
0.0
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5.9
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6.2
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| Of which: Food |
-0.2
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11.9
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12.4
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| Non food |
0.2
|
2.7
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2.8
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| Of which: Consumer Goods |
0.1
|
6.6
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6.5
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| Services |
0.2
|
2.8
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3.7
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| Commodity Categories |
|
|
|
| Food |
-0.2
|
11.9
|
12.4
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| Tobacco, Liquor and Articles |
0.5
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3.7
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2.6
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| Clothing |
1.6
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3.7
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1.8
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| Household Facilities, Articles and Maintenance Services |
0.1
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3.1
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2.3
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| Health Care and Personal Articles |
-0.1
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3.5
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3.4
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| Transportation and Communication |
-0.3
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0.8
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0.5
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| Recreation, Education, Culture Articles and Services |
0.2
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0.0
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0.4
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| Housing |
0.1
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4.4
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5.9
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Notes:
1. Explanation of Indicator. Consumer Price Index (CPI) is an index measuring changes over time in the price level of consumer goods and services purchased by residents, which reflects comprehensively changes of price level.
2. Statistical Coverage. Consumer Price Index (CPI) covers the prices of goods and services of eight categories and 262 basic divisions which cover the living consumption of urban and rural residents, including food; tobacco, liquor and articles; clothing; household facilities, articles and maintenance services; health care and personal articles; transportation and communication; recreation, education, culture articles and services and housing. Data are collected from 63,000 prices collection units in 500 cities and counties of the 31 provinces (autonomous regions and municipalities), which cover grocery stores, department stores, supermarkets, convenience stores, professional markets, franchise houses, shopping centers, open fairs and service consumption units etc.
3. Data Collection. Original data of consumer prices are collected by specific person in fixed place at fixed time.
4. From January 2011, the CPI calculation in China began to take 2010 as the base year. It was the second routine adjustment since the adoption of fixed-base price index in 2001. The first round base year was 2000, as changing every five years, the second round base year was 2005.
5. In accordance with the data of national survey of urban and rural household consumption expenditure in 2010 and data of other surveys conducted by relevant departments, the National Bureau of Statistics made a routine adjustment of the weights of CPI from January 2011. By using the new weights, the consumer price index in October went up by 5.495 percent year-on-year, or 0.093 percent month-on-month, while it was up 5.606 percent year-on-year, or 0.106 percent month-on-month if the former weights were used.
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Gregg D. Killoren
victoria1014
