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Consumer Prices for June 2012

China Agriculture Report By CnAgri2012-07-09 16:35:53China Agriculture Report Print
Keywords:Consumer Prices June

In June, the consumer price index (CPI) went up by 2.2 percent year-on-year. The prices grew by 2.2 percent in cities areas and 2.0 percent in rural areas. The food prices went up by 3.8 percent, while the non-food prices increased by 1.4 percent. The prices of consumer goods went up by 2.3 percent and the prices of services grew by 1.9 percent. In the first half of this year, the overall consumer prices were up by 3.3 percent over the same period of previous year.

 

In June, the month-on-month change of consumer prices was down by 0.6 percent, prices in cities and rural went down by 0.6 and 0.5 percent respectively. The food prices dropped by 1.6 percent, the non-food prices kept at the same level (the amount of change was 0). The prices of consumer goods decreased by 0.9 percent, and the prices of services increased by 0.3 percent.

 

 

I. Year-on-Year Changes of Prices of Different Categories

 

In June, food prices went up by 3.8 percent year-on-year, affecting nearly 1.20 percentage points increase in the overall price level. Of which, the prices of fresh vegetables rose by 12.1 percent, affecting nearly 0.30 percentage points increase in the overall price level; prices for aquatic products increased 8.6 percent, affecting nearly 0.21 percentage points increase in the overall price level; the prices of grain rose by 3.2 percent, meaning 0.09 percentage points growth in the overall price level; grease, increased 6.0 percent, affecting nearly 0.07 percentage points increase in the overall price level; fresh fruits, up by 0.6 percent, affecting nearly 0.01 percentage points increase in the overall price level; meat, poultry and related products dropped by 1.7 percent, affecting nearly 0.13 percentage points decrease in the overall price level (price of pork was down by 12.2 percent, affecting nearly 0.43 percentage points decrease in the overall price level); eggs, down by 3.6 percent, affecting nearly 0.03 percentage points decrease in the overall price level.

 

Prices for tobacco and liquor went up by 3.2 percent year-on-year, of which, that of liquor was up by 7.1 percent and tobacco was up by 0.6 percent.

 

Prices for clothing rose by 3.3 percent year-on-year. The prices for clothes went up by 3.5 percent while the prices for shoes increased 2.4 percent.

 

Prices for household facilities, articles and maintenance services went up by 1.9 percent year-on-year, of which, prices for household services and processing, maintenance services, up by 9.2 percent, and durable consumer goods was up by 0.4 percent.

 

Prices for health care and personal articles grew by 1.9 percent year-on-year. Of which, prices for traditional Chinese herbal medicines and proprietary Chinese medicines, up by 4.9 percent, medical apparatus and supplies increased 2.8 percent, health care services, up by 0.6 percent, and western medicine went up by 0.5 percent.

 

Prices for transportation and communication dropped by 0.4 percent year-on-year. Of which, prices for fuels and parts for vehicles, down by 0.7 percent, vehicles use and maintenance, up by 4.6 percent, intercity traffic fares, up by 1.7 percent, incity traffic fares, up by 1.5 percent, communication facilities, down by 12.1 percent, and transportation facilities dropped by 0.8 percent.

 

Prices for recreation, education, culture articles and services grew by 0.3 percent year-on-year. Of which, touring and outing, up 2.0 percent, recreation and culture, up 1.5 percent, education service, up 1.3 percent, durable consumer goods for recreational and cultural use and services, down by 5.7 percent.

 

Prices for residence went up by 1.6 percent year-on-year. Of which, prices for house renting, up 2.9 percent, water, electricity and fuel, up 1.0 percent, and building and building decoration materials rose by 0.7 percent. 

 

According to estimation, in the 2.2 percent growth in June, the carryover effect of last year’s prices rising accounted for 1.4 percentage points, while new prices rising factors in this year accounted for 0.8 percentage points.

 

 

II. Month-on-Month Changes of Prices of Different Categories

 

In June, food prices dropped by 1.6 percent month-on-month, contributing 0.53 percentage points to the month-on-month decrease of consumer prices. In June, prices for fresh vegetables decreased 15.2 percent, contributing 0.48 percentage points decrease in the overall price level; prices for meat, poultry and related products decreased 0.6 percent, narrowing 0.04 percentage points (the prices of pork down by 1.6 percent, affecting 0.05 percentage points decrease in the overall price level); prices for aquatic products decreased 0.5 percent, contributing 0.01 percentage points to the decrease of consumer prices; price for eggs, went up 11.4 percent, contributing 0.08 percentage points increase in the overall price level; price for grain increased 0.1 percent.

 

Non-food prices kept at the same level (the amount of change was 0) in June. Of which, the month-on-month prices for tobacco and liquor, household facilities, articles and maintenance services, health care and personal articles all increased 0.1 percent. The prices for transportation and communication decreased 0.5 percent. The month-on-month prices for clothing, recreation, education, culture articles and services, and residence kept at the same level (the amount of change was 0). In view of residence, the prices of water, electricity and fuel dropped by 0.9 percent, of which, the price for liquefied petroleum gas went down by 6.1 percent.

 

 

Consumer Prices in June

Items

June

M/M (%)

Y/Y (%)

Jan-Jun

 

 

 

 

Consumer Prices

-0.6

2.2

3.3

 Of which: Urban

-0.6

2.2

3.3

     Rural

-0.5

2.0

3.3

 Of which: Food

-1.6

3.8

6.9

     Non food

0.0

1.4

1.6

 Of which: Consumer Goods

-0.9

2.3

3.9

     Services

0.3

1.9

1.7

By Commodity Categories

 

 

 

 I. Food

-1.6

3.8

6.9

  Grain

0.1

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