Consumer Prices for March 2013
By CnAgri
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In March, the consumer price index (CPI) went up by 2.1 percent year-on-year. The prices grew by 2.0 percent in cities and 2.2 percent in rural areas. The food prices went up by 2.7 percent, while the non-food prices increased by 1.8 percent. The prices of consumer goods went up by 1.7 percent and the prices of services grew by 3.1 percent.
In March, the month-on-month change of consumer prices was down by 0.9 percent, of which, prices decreased 0.9 percent in cities and 1.0 percent in rural areas. The food prices went down by 2.9 percent, the non-food prices went up by 0.1 percent. The prices of consumer goods decreased 1.3 percent, and the prices of services kept at the same level (the amount of change was 0).
I. Year-on-Year Changes of Prices of Different Categories
In March, food prices went up by 2.7 percent year-on-year, affecting nearly 0.88 percentage points increase in the overall price level. Of which, the prices of meat, poultry and related products went up by 2.9 percent, affecting nearly 0.22 percentage points increase in the overall price level (price of pork was down by 5.5 percent, affecting nearly 0.18 percentage points decrease in the overall price level); grain, up by 5.2 percent, affecting nearly 0.15 percentage points increase in the overall price level; fresh fruits, up by 5.0 percent, affecting nearly 0.10 percentage points increase in the overall price level; grease, increased 4.7 percent, affecting nearly 0.06 percentage points increase in the overall price level; aquatic products, up by 1.6 percent, affecting nearly 0.04 percentage points increase in the overall price level; fresh vegetables, down by 10.3 percent, meaning 0.37 percentage points decrease in the overall price level.
Prices for tobacco and liquor went up by 1.0 percent year-on-year, of which, that of liquor was up by 1.6 percent and tobacco was up by 0.5 percent.
Prices for clothing rose by 2.3 percent year-on-year. The prices for clothes went up by 2.4 percent while the prices for shoes increased 1.7 percent.
Prices for household facilities, articles and maintenance services went up by 1.6 percent year-on-year, of which, prices for household services and processing, maintenance services, up by 9.9 percent, and durable consumer goods up by 0.2 percent.
Prices for health care and personal articles grew by 1.7 percent year-on-year. Of which, prices for traditional Chinese herbal medicines and proprietary Chinese medicines, up by 2.5 percent, health care services, up by 1.5 percent, medical apparatus and supplies increased 0.8 percent, and western medicine went up by 0.1 percent.
Prices for transportation and communication went down by 0.3 percent year-on-year. Of which, prices for communication facilities, down by 9.8 percent, transportation facilities dropped by 1.2 percent, fuels and parts for vehicles, down by 0.2 percent, vehicles use and maintenance, up by 5.4 percent.
Prices for recreation, education, culture articles and services grew by 1.7 percent year-on-year. Of which, touring and outing, up by 3.8 percent, education service, up by 2.9 percent, recreation and culture, up by 2.8 percent, durable consumer goods for recreational and cultural use and services, down by 4.2 percent.
Prices for residence went up by 2.9 percent year-on-year. Of which, prices for house renting, up by 3.7 percent, water, electricity and fuel, up by 2.2 percent, building and building decoration materials rose by 0.9 percent.
According to estimation, in the 2.1 percent growth in December, the carryover effect of last year’s prices rising accounted for 0.9 percentage points, while new prices rising factors in this year accounted for 1.2 percentage points.
II. Month-on-Month Changes of Prices of Different Categories
In March, food prices fell 2.9 percent month-on-month, contributing 0.99 percentage points to the month-on-month decrease of consumer prices. In March, prices for fresh vegetables, meat, poultry and related products, aquatic products, eggs decreased 13.4, 4.7, 4.5 and 6.7 percent respectively, affecting nearly 0.49, 0.36, 0.12 and 0.06 percentage points increase in the overall price level respectively. Price of pork was down by 9.1 percent, affecting nearly 0.31 percentage points decrease in the overall price level.
Non-food prices increased 0.1 percent in March, month-on-month, affecting nearly 0.08 percentage points increase in the overall price level. Of which, the month-on-month prices for clothing, residence, tobacco and liquor went up by 0.6, 0.5 and 0.1 percent respectively, that of recreation, education, culture articles and services, transportation and communication went down by 0.4 and 0.3 percent respectively, that of household facilities, articles and maintenance services, health care and personal articles, kept at the same level (the amount of change was 0).
