Consumer Prices for July 2013
By CnAgri
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In July, the consumer price index (CPI) went up by 2.7 percent year-on-year. The prices grew by 2.6 percent in cities and 2.9 percent in rural areas. The food prices went up by 5.0 percent, while the non-food prices increased by 1.6 percent. The prices of consumer goods went up by 2.7 percent and the prices of services grew by 2.7 percent. On average from January to July, the overall consumer prices were up by 2.4 percent over the same period of the previous year.
In July, the consumer prices increased 0.1 percent (the amount of change was 0, similarly hereinafter) month-on-month. Of which, prices in cities increased 0.1 percent, and that in rural areas kept at the same level. The food prices kept at the same level, and the non-food prices was up by 0.2 percent. The prices of consumer goods decreased 0.1 percent, and the prices of services increased 0.6 percent.
I. Year-on-Year Changes of Prices of Different Categories
In July, food prices went up by 5.0 percent year-on-year, affecting nearly 1.61 percentage points increase in the overall price level. Of which, the prices of meat, poultry and related products went up by 5.9 percent, affecting nearly 0.42 percentage point increase in the overall price level (price of pork was up by 3.0 percent, affecting nearly 0.09 percentage point increase in the overall price level); fresh vegetables went up by 11.8 percent, affecting nearly 0.32 percentage point increase in the overall price level; grain, up by 5.1 percent, affecting nearly 0.15 percentage point increase in the overall price level; fresh fruits, up by 7.3 percent, affecting nearly 0.14 percentage point increase in the overall price level; aquatic products, up by 3.1 percent, affecting nearly 0.08 percentage point increase in the overall price level.
Prices for tobacco and liquor went up by 0.2 percent year-on-year, of which, that of tobacco was up by 0.4 percent, and that of liquor decreased 0.2 percent.
Prices for clothing rose by 2.2 percent year-on-year. The prices for clothes went up by 2.3 percent while the prices for shoes increased 1.5 percent.
Prices for household facilities, articles and maintenance services went up by 1.4 percent year-on-year, of which, prices for household services and processing, maintenance services, up by 8.3 percent and durable consumer goods up by 0.3 percent.
Prices for health care and personal articles grew by 1.2 percent year-on-year. Of which, prices for traditional Chinese herbal medicines and proprietary Chinese medicines, up by 3.3 percent, health care services, up by 1.8 percent, medical apparatus and supplies increased 0.6 percent, and western medicine increased 0.2 percent.
Prices for transportation and communication went down by 0.1 percent year-on-year. Of which, prices for communication facilities, down by 7.4 percent, transportation facilities dropped by 1.4 percent, fuels and parts for vehicles, up by 2.8 percent, vehicles use and maintenance, up by 3.2 percent.
Prices for recreation, education, culture articles and services grew by 1.3 percent year-on-year. Of which, education service went up by 2.7 percent, recreation and culture, up by 2.2 percent, touring and outing, up by 0.7 percent, durable consumer goods for recreational and cultural use and services, down by 3.2 percent.
Prices for residence went up by 2.8 percent year-on-year. Of which, prices for house renting, up by 4.4 percent, water, electricity and fuel, up by 1.4 percent, building and building decoration materials rose by 1.1 percent.
According to estimation, in the 2.7 percent growth in July, the carryover effect of last year’s prices rising accounted for 1.8 percentage points, while new prices rising factors in this year accounted for 0.9 percentage point.
II. Month-on-Month Changes of Prices of Different Categories
In July, food prices kept at the same level month-on-month. Of which, prices for fresh vegetables increased 2.2 percent, affecting nearly 0.06 percentage point increase in the overall price level. Prices of meat, poultry and related products were up by 1.1 percent, affecting nearly 0.08 percentage point increase in the overall price level (price of pork was up by 1.7 percent, affecting nearly 0.05 percentage point increase in the overall price level). Prices of fresh fruits and eggs went down by 6.5 and 1.4 percent respectively, affecting nearly 0.15 percentage point decrease in the overall price level in total.
Non-food prices increased 0.2 percent month-on-month. Of which, the month-on-month prices for household facilities, articles and maintenance services, transportation and communication, recreation, education, culture articles and services went up by 0.1, 0.3, 0.8 and 0.3 percent, respectively, while that of clothing dropped 0.6 percent, that of tobacco and liquor, health care and personal articles remained at the same level. In view of recreation, education, culture articles and services, the month-on-month prices for tourism went up by 4.9 percent.
