Consumer Prices for January 2014
National Bureau of Statistics of China2014-02-14 15:51




In January, the consumer price index (CPI) went up by 2.5 percent year-on-year. The prices grew by 2.6 percent in cities and 2.2 percent in rural areas. The food prices went up by 3.7 percent, while the non-food prices increased 1.9 percent. The prices of consumer goods went up by 2.0 percent and the prices of services grew by 3.7 percent.

 

In January, the month-on-month change of consumer prices was up by 1.0 percent, of which, prices increased 1.0 percent in cities and 0.9 percent in rural areas. The food prices went up by 2.4 percent, while the non-food prices went up by 0.3 percent. The prices of consumer goods increased 1.1 percent, and the prices of services grew by 0.8 percent.

 

 

 

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

 

In January, food prices went up by 3.7 percent year-on-year, affecting nearly 1.23 percentage points increase in the overall price level. Of which, the prices of fresh fruits went up by 23.0 percent, affecting nearly 0.44 percentage points increase in the overall price level; milk and dairy products went up by 11.9 percent, affecting nearly 0.17 percentage points increase in the overall price level; aquatic products, up by 6.3 percent, affecting nearly 0.16 percentage points increase in the overall price level; grain, up by 3.1 percent, affecting nearly 0.09 percentage points increase in the overall price level; fresh vegetables, up by 2.1 percent, affecting nearly 0.07 percentage points increase in the overall price level; meat, poultry and related products, up by 0.3 percent, affecting nearly 0.02 percentage points increase in the overall price level (price of pork was down by 4.3 percent, affecting nearly 0.15 percentage points decrease in the overall price level); eggs, down by 3.8 percent, affecting nearly 0.03 percentage points decrease in the overall price level.

 

 

 

 

 

Prices for tobacco and liquor went down by 0.7 percent year-on-year. Of which, that of liquor was down by 2.0 percent, and that of tobacco was up by 0.2 percent.

 

Prices for clothing rose by 1.9 percent year-on-year. The prices for clothing processing service went up by 5.3 percent, that of clothes went up by 2.0 percent, and that of shoes increased 1.5 percent.

 

Prices for household facilities, articles and maintenance services went up by 1.5 percent year-on-year, of which, prices for household services and processing, maintenance services, up by 9.2 percent and durable consumer goods up by 0.4 percent.

 

Prices for health care and personal articles grew by 1.1 percent year-on-year. Of which, prices for traditional Chinese herbal medicines and proprietary Chinese medicines, went up by 4.5 percent, health care services, up by 1.1 percent, western medicine,  up by 0.6 percent, medical apparatus and supplies, up by 0.3 percent.

 

Prices for transportation and communication increased 0.2 percent year-on-year. Of which, prices for vehicles use and maintenance increased 3.8 percent, fuels and parts for vehicles, up by 0.6 percent, communication facilities, down by 5.9 percent, transportation facilities, down by 1.1 percent. 

 

Prices for recreation, education, culture articles and services grew by 3.3 percent year-on-year. Of which, prices for touring and outing went up by 14.9 percent, education service, up by 2.6 percent, recreation and culture, up by 2.1 percent, durable consumer goods for recreational and cultural use and services, down by 3.3 percent.

 

Prices for residence went up by 2.8 percent year-on-year. Of which, prices for house renting, up by 4.6 percent, building and building decoration materials, up by 1.7 percent, water, electricity and fuel, up by 1.2 percent.

 

According to estimation, in the 2.5 percent growth in January, the carryover effect of last year’s prices rising accounted for 1.5 percentage points, while new prices rising factors in this year accounted for 1.0 percentage point.

 

 

 

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

 

In January, food prices went up by 2.4 percent  month-on-month. Of which, prices for fresh vegetables increased 12.1 percent, affecting nearly 0.37 percentage points increase in the overall price level; that of fresh fruits increased 11.0 percent, affecting nearly 0.23 percentage points increase in the overall price level. Prices of aquatic products, milk and dairy products, beef, mutton and grain were up by 4.3, 1.7, 1.7, 1.3 and 0.2 percent respectively, affecting nearly 0.17 percentage points increase in the overall price level in total.

 

In January, non-food prices increased 0.3 percent month-on-month. Of which, the month-on-month prices for recreation, education, culture articles and services, transportation and communication, health care and personal articles, residence increased 1.0, 0.4, 0.4, 0.3 and 0.2 percent respectively, and that of clothing, tobacco and liquor decreased 0.5 and 0.3 percent respectively.

 

 

 

Consumer Prices in January

Items

January

M/M (%)

Y/Y (%)

     

Consumer Prices

1.0

2.5

 Of which: Urban

1.0

2.6

     Rural

0.9

2.2

 Of which: Food

2.4

3.7

     Non food

0.3

1.9

 Of which: Consumer Goods

1.1

2.0

     Services

0.8

3.7

 Of which: Excluding Food and Energy

0.3

2.0

By Commodity Categories

 

 

 I. Food

2.4

3.7

  Grain

0.2

3.1

  Grease

-0.5

-4.8

  Meat, Poultry and Related Products

0.0

0.3

    Of which: Pork

-1.0

-4.3

        Beef

1.7

11.8

        Mutton

1.3

10.4

  Eggs

1.7

-3.8

  Aquatic Products

4.3

6.3

  Fresh Vegetables

12.1

2.1

  Fresh Fruits

11.0

23.0

  Milk and dairy Products

1.7

11.9

 II. Tobacco, Liquor and Articles

-0.3

-0.7

  Tobacco

0.0

0.2

  Liquor

-0.8

-2.0

 III. Clothing

-0.5

1.9

  Clothing

-0.7

2.0

  Shoes

-0.3

1.5

 IV. Household Facilities, Articles and Maintenance Services

0.4

1.5

  Durable Consumers

-0.1

0.4

  Household Services and Processing, Maintenance Service

3.9

9.2

 V. Health Care and Personal Articles

0.3

1.1

  Chinese Herbal Medicines and Proprietary Chinese Medicines

0.2

4.5

  Western Medicines

-0.1

0.6

  Health Care Services

0.4

1.1

 VI. Transportation and Communication

0.4

0.2

  Transportation Facilities

0.0

-1.1

  Fuels and Parts for Vehicles

0.1

0.6

  Communication Facilities

-0.3

-5.9

  Communication Services

0.0

0.0

 VII. Recreation, Education, Culture Articles and Services

1.0

3.3

  Education Services

0.1

2.6

  Tourism

5.5

14.9

 VIII. Residence

0.2

2.8

  Building and its Decoration Materials

0.2

1.7

  House Renting

0.0

4.6

  Water, Electricity, and Fuel

0.2

1.2

     

 

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.

 

 

 

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