Consumer Prices for August 2013
By CnAgri
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In August, the consumer price index (CPI) went up by 2.6 percent year-on-year. The prices grew by 2.5 percent in cities and 2.9 percent in rural areas. The food prices went up by 4.7 percent, while the non-food prices increased by 1.5 percent. The prices of consumer goods went up by 2.5 percent and the prices of services grew by 2.7 percent. On average from January to August, the overall consumer prices were up by 2.5 percent over the same period of the previous year.
In August, the month-on-month change of consumer prices was up by 0.5 percent, of which, prices increased 0.4 percent in cities and 0.6 percent in rural areas. The food prices went up by 1.2 percent, the non-food prices went up by 0.1 percent. The prices of consumer goods increased 0.6 percent, and the prices of services increased 0.2 percent.
I. Year-on-Year Changes of Prices of Different Categories
In August, food prices went up by 4.7 percent year-on-year, affecting nearly 1.54 percentage points increase in the overall price level. Of which, the prices of meat, poultry and related products went up by 7.2 percent, affecting nearly 0.52 percentage point increase in the overall price level (price of pork was up by 6.0 percent, affecting nearly 0.18 percentage point increase in the overall price level); fresh vegetables went up by 5.2 percent, affecting nearly 0.16 percentage point increase in the overall price level; grain, up by 4.7 percent, affecting nearly 0.14 percentage point increase in the overall price level; fresh fruits, up by 7.5 percent, affecting nearly 0.14 percentage point increase in the overall price level; aquatic products, up by 4.3 percent, affecting nearly 0.11 percentage point increase in the overall price level.
Prices for tobacco and liquor remained at the same level year-on-year (the amount of change was 0, similarly hereinafter). Of which, that of tobacco was up by 0.4 percent, and that of liquor was down by 0.5 percent.
Prices for clothing rose by 2.2 percent year-on-year. The prices for clothes went up by 2.4 percent while the prices for shoes increased 1.6 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 8.1 percent and durable consumer goods up by 0.4 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 3.5 percent, health care services, up by 1.6 percent, medical apparatus and supplies increased 0.6 percent, and western medicine increased 0.2 percent.
Prices for transportation and communication remained at the same level year-on-year. Of which, prices for vehicles use and maintenance, up by 3.2 percent, fuels and parts for vehicles, up by 2.9 percent, communication facilities, down by 7.2 percent, transportation facilities, down by 1.2 percent.
Prices for recreation, education, culture articles and services grew by 1.2 percent year-on-year. Of which, education service went up by 2.7 percent, recreation and culture, up by 2.4 percent, touring and outing, up by 0.4 percent, durable consumer goods for recreational and cultural use and services, down by 3.3 percent.
Prices for residence went up by 2.6 percent year-on-year. Of which, prices for house renting, up by 4.4 percent, building and building decoration materials, up by 1.3 percent, water, electricity and fuel, up by 0.7 percent.
According to estimation, in the 2.6 percent growth in August, the carryover effect of last year’s prices rising accounted for 1.1 percentage points, while new prices rising factors in this year accounted for 1.5 percentage point.
II. Month-on-Month Changes of Prices of Different Categories
In August, food prices went up by 1.2 percent month-on-month. Of which, prices for fresh vegetables increased 7.6 percent, affecting nearly 0.22 percentage point increase in the overall price level. Prices of meat, poultry and related products were up by 2.3 percent, affecting nearly 0.17 percentage point increase in the overall price level (price of pork was up by 4.5 percent, affecting nearly 0.14 percentage point increase in the overall price level). Prices of eggs increased 7.1 percent, affecting nearly 0.06 percentage point increase in the overall price level. Prices of fresh fruits went down by 3.0 percent, affecting nearly 0.06 percentage point decrease in the overall price level.
Non-food prices went up by 0.1 percent month-on-month. Of which, the month-on-month prices for transportation and communication, residence, household facilities, articles and maintenance services, health care and personal articles increased 0.2, 0.2, 0.1 and 0.1 percent respectively, that of clothing decreased 0.2 percent, and that of education, culture articles and services, tobacco and liquor remained at the same level.
