Trade Resources Economy In August, The Consumer Price Index (CPI) Went up by 2.6 Percent Year-on-Year

In August, The Consumer Price Index (CPI) Went up by 2.6 Percent Year-on-Year

Consumer Prices for August 2013 National Bureau of Statistics of China 2013-09-09 15:44:54

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.

Consumer Prices for August 2013

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. 

Consumer Prices for August 2013_1

Consumer Prices for August 2013_2

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.

Consumer Prices for August 2013_3

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.

Consumer Prices for August 2013_4

Consumer Prices in August

 

Items August Average on Jan-Aug
M/M (%) Y/Y (%) Y/Y (%)
Consumer Prices 0.5 2.6 2.5
 Of which: Urban 0.4 2.5 2.4
     Rural 0.6 2.9 2.6
 Of which: Food 1.2 4.7 4.2
     Non food 0.1 1.5 1.6
 Of which: Consumer Goods  0.6 2.5 2.3
     Services 0.2 2.7 2.8
 Of which: Excluding Food and Energy 0.1 1.6 1.7
 Of which: Excluding Fresh Vegetables and Fresh Fruits 0.3 2.4 2.4
By Commodity Categories       
 I. Food 1.2 4.7 4.2
  Grain 0.2 4.7 5
  Grease -0.4 -1.4 2.3
  Meat, Poultry and Related Products 2.3 7.2 3.8
    Of which: Pork 4.5 6 -1.8
        Beef 0.8 25.5 29.7
        Mutton 0.4 13.7 14.2
  Eggs 7.1 0.3 8.5
  Aquatic Products -0.5 4.3 3.3
  Fresh Vegetables 7.6 5.2 3.7
  Fresh Fruits -3 7.5 4.9
  Milk and dairy Products 0.5 5 4.5
 II. Tobacco, Liquor and Articles 0 0 0.7
  Tobacco 0 0.4 0.5
  Liquor -0.1 -0.5 0.9
 III. Clothing -0.2 2.2 2.3
  Clothing -0.2 2.4 2.5
  Shoes -0.2 1.6 1.6
  Clothing Processing Service 0.1 6.4 7.4
 IV. Household Facilities, Articles and Maintenance Services 0.1 1.4 1.5
  Durable Consumers 0 0.4 0.2
  Household Services and Processing, Maintenance Service 0.5 8.1 9.1
 V. Health Care and Personal Articles 0.1 1.2 1.5
  Chinese Herbal Medicines and Proprietary Chinese Medicines 0.3 3.5 2.9
  Western Medicines 0.1 0.2 0.1
  Health Care Services 0 1.6 1.6
 VI. Transportation and Communication 0.2 0 -0.4
  Transportation Facilities 0 -1.2 -1.2
  Fuels and Parts for Vehicles 1.7 2.9 -0.7
  Vehicle Use and Maintenance 0.3 3.2 4.5
  Communication Facilities -0.5 -7.2 -9
  Communication Services 0 -0.1 -0.1
 VII. Recreation, Education, Culture Articles and Services 0 1.2 1.4
  Education Services 0.1 2.7 2.8
  Tourism -0.1 0.4 1.5
 VIII. Residence 0.2 2.6 2.9
  Building and its Decoration Materials 0 1.3 1.1
  House Renting 0.3 4.4 3.8
  Water, Electricity, and Fuel 0.1 0.7 2.1

 

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.

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. 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.

Source: http://www.stats.gov.cn/english/pressrelease/t20130909_402925752.htm
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Consumer Prices for August 2013
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