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In May, The Consumer Price Index (CPI) Went up by 3.0 Percent Year-on-Year

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Core Tip:   In May, the consumer price index (CPI) went up by 3.0 percent year-on-year. The prices grew by 3.0 percent in cities and 2.9 percent in rural a

 

In May, the consumer price index (CPI) went up by 3.0 percent year-on-year. The prices grew by 3.0 percent in cities and 2.9 percent in rural areas. The food prices went up by 6.4 percent, while the non-food prices increased by 1.4 percent. The prices of consumer goods went up by 3.6 percent and the prices of services grew by 1.7 percent. On average from January to May, the overall consumer prices were up by 3.5 percent over the same period of the previous year.

In May, the month-on-month change of consumer prices was down by 0.3 percent, prices in cities and rural areas went down by 0.3 percent, simultaneously. The food prices dropped by 0.8 percent, the non-food prices remained at the same level (the amount of change was 0). The prices of consumer goods decreased by 0.4 percent, and the prices of services increased by 0.1 percent.

Consumer Prices for May 2012

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

In May, food prices went up by 6.4 percent year-on-year, affecting nearly 2.02 percentage points increase in the overall price level. Of which, the prices of fresh vegetables surged 31.2 percent, affecting nearly 0.78 percentage points increase in the overall price level; meat, poultry and related products rose by 5.1 percent, affecting nearly 0.36 percentage points increase in the overall price level (price of pork was down by 0.6 percent, affecting nearly 0.02 percentage points increase in the overall price level); aquatic products, up by 11.3 percent, affecting nearly 0.27 percentage points increase in the overall price level; the prices of grain rose by 3.4 percent, meaning 0.10 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, down by 7.1 percent, affecting nearly 0.16 percentage points decrease in the overall price level; eggs, down by 9.8 percent, affecting nearly 0.08 percentage points decrease in the overall price level. 

Prices for tobacco and liquor went up by 3.3 percent year-on-year, of which, that of liquor was up by 7.3 percent and tobacco was up by 0.5 percent.

Prices for clothing rose by 3.1 percent year-on-year. The prices for clothes went up by 3.4 percent while the prices for shoes increased 1.9 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 8.9 percent, and durable consumer goods was up by 0.5 percent. 
 

Prices for health care and personal articles grew by 2.1 percent year-on-year. Of which, prices for traditional Chinese herbal medicines and proprietary Chinese medicines, up by 6.3 percent, medical apparatus and supplies increased 3.3 percent, health care services, up by 0.5 percent, and western medicine went up by 0.5 percent.
 

Prices for transportation and communication dropped 0.1 percent year-on-year. Of which, prices for fuels and parts for vehicles, up by 3.6 percent, vehicles use and maintenance, up by 3.5 percent, incity traffic fares, up by 2.2 percent, communication facilities, down by 12.8 percent, and transportation facilities dropped by 0.8 percent.
 

Prices for recreation, education, culture articles and services grew by 0.2 percent year-on-year. Of which, touring and outing, up 2.1 percent, recreation and culture, up 1.6 percent, education service, up 1.2 percent, durable consumer goods for recreational and cultural use and services, down by 5.8 percent. 

Prices for residence went up by 1.6 percent year-on-year. Of which, prices for house renting, up 2.2 percent, water, electricity and fuel, up 1.3 percent, and building and building decoration materials rose by 1.1 percent. 
 

According to estimation, in the 3.0 percent growth in May, the carryover effect of last year’s prices rising accounted for 1.7 percentage points, while new prices rising factors in this year accounted for 1.3 percentage points.

Consumer Prices for May 2012_1

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

In May, food prices dropped by 0.8 percent month-on-month, contributing 0.25 percentage points to the month-on-month decrease of consumer prices. In May, prices for fresh vegetables decreased 6.9 percent, contributing 0.24 percentage points decrease in the overall price level, prices for meat, poultry and related products decreased 1.4 percent, narrowing 0.10 percentage points (the prices of pork down by 3.0 percent, affecting 0.10 percentage points decrease in the overall price level), prices for aquatic products increased 0.4 percent, contributing 0.01 percentage points to the growth of consumer prices, price for eggs, increased 0.3 percent, and grain increased 0.2 percent.

Non-food prices remained at the same level in May, month-on-month (the amount of change was 0). Of which, the month-on-month price for tobacco and liquor, clothing, household facilities, articles and maintenance services, health care and personal articles increased 0.2, 0.1, 0.1 and 0.1 percent, that of transportation and communication, recreation, education, culture articles and services decreased 0.3 and 0.1 percent, that of residence remained at the same level (the amount of change was 0). In view of residence, water, electricity and fuel prices fell by 0.7 percent, liquefied petroleum gas prices fell 4.4 percent.

Consumer Prices for May 2012_2

Consumer Prices for May 2012_3

Consumer Prices for May 2012_4

Annotations:

1. Explanatory Notes

Consumer Price Index (CPI) is an index measuring changes over time in the price level of consumer goods and services purchased by residents, which comprehensively reflects the 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 residence. 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 consuming units etc.

3. Survey Methods

The prices collection units are selected and determined by sample survey methods, and the original data of consumer prices are collected by specific person in fixed place at fixed time.

 
 
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