Consumer Prices for October 2015
National Bureau of Statistics of China2015-11-10 14:23




In October, the consumer price index (CPI) went up by 1.3 percent year-on-year. The prices grew by 1.3 percent in cities and 1.2 percent in rural areas. The food prices went up by 1.9 percent, and the non-food prices increased 0.9 percent. The prices of consumer goods went up by 1.0 percent and the prices of services grew by 1.9 percent. On average from January to October, the overall consumer prices were up by 1.4 percent over the same period of the previous year.

 

In October, the consumer prices went down by 0.3 percent month-on-month. Of which, prices decreased 0.3 percent in both cities and rural areas. The food prices went down by 1.0 percent, and the non-food prices went up by 0.1 percent. The prices of consumer goods decreased 0.4 percent, and the prices of services decreased 0.1 percent.

 

 

 

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

 

In October, food prices went up by 1.9 percent year-on-year, affecting nearly 0.65 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 0.54 percentage points increase in the overall price level (price of pork was up by 15.8 percent, affecting nearly 0.48 percentage points increase in the overall price level); fresh vegetables, up by 4.7 percent, affecting nearly 0.14 percentage points increase in the overall price level; aquatic products, up by 2.1 percent, affecting nearly 0.05 percentage points increase in the overall price level; grain, up by 1.2 percent, affecting nearly 0.04 percentage points increase in the overall price level; eggs, down by 13.8 percent, affecting nearly 0.13 percentage points decrease in the overall price level; fresh fruits, down by 9.1 percent, affecting nearly 0.21 percentage points decrease in the overall price level.

 

 

 

 

In October, non-food prices went up by 0.9 percent year-on-year. Of which, the prices of tobacco and liquor, clothing, health care and personal articles, recreation, education, culture articles and services, household facilities, articles and maintenance services, residence, increased 3.8, 2.4, 2.2, 1.1, 0.8 and 0.6 percent respectively, that of transportation and communication decreased 1.9 percent.

 

According to estimation, in the 1.3 percent growth in October, the carryover effect of last year’s prices rising accounted for 0.2 percentage points, while new prices rising factors in this year accounted for 1.1 percentage points.

 

 

 

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

 

In October, food prices went down by 1.0 percent  month-on-month, affecting nearly 0.34 percentage points decrease in the overall price level. Of which, prices for eggs, decreased 6.9 percent, affecting nearly 0.06 percentage points decrease in the overall price level; fresh vegetables went down by 5.6 percent, affecting nearly 0.18 percentage points decrease in the overall price level; meat, poultry and related products decreased 0.9 percent, affecting nearly 0.07 percentage points decrease in the overall price level (price of pork was down by 1.9 percent, affecting nearly 0.07 percentage points decrease in the overall price level); aquatic products, down by 0.8 percent, affecting nearly 0.02 percentage points decrease in the overall price level; fresh fruits, down by 0.5 percent, affecting nearly 0.01 percentage points decrease in the overall price level.

 

In October, non-food prices went up by 0.1 percent year-on-year. Of which, the prices of clothing, health care and personal articles, tobacco and liquor, increased 0.6, 0.2 and 0.1 percent respectively, that of recreation, education, culture articles and services decreased 0.3 percent, that of household facilities, articles and maintenance services, transportation and communication, residence, remained at the same level. 

 

 

 

Consumer Prices in October

 

Items

October

Average on Jan-Oct

M/M (%)

Y/Y (%)

Y/Y (%)

     

 

Consumer Prices

-0.3

1.3

1.4

 Of which: Urban

-0.3

1.3

1.5

     Rural

-0.3

1.2

1.3

 Of which: Food

-1.0

1.9

2.3

     Non food

0.1

0.9

1.0

 Of which: Consumer Goods

-0.4

1.0

1.2

     Services

-0.1

1.9

2.0

 Of which: Excluding Food and Energy

0.1

1.5

1.5

 Of which: Excluding Fresh Vegetables and Fresh Fruits

-0.1

1.4

1.4

By Commodity Categories

 

 

 

 I. Food

-1.0

1.9

2.3

  Grain

0.1

1.2

2.2

  Grease

0.0

-2.2

-3.6

  Meat, Poultry and Related Products

-0.9

7.2

4.8

    Of which: Pork

-1.9

15.8

8.5

        Beef

0.1

0.2

1.1

        Mutton

-0.8

-7.0

-4.9

  Eggs

-6.9

-13.8

-5.8

  Aquatic Products

-0.8

2.1

1.7

  Fresh Vegetables

-5.6

4.7

6.7

  Fresh Fruits

-0.5

-9.1

-3.2

  Milk and dairy Products

0.0

-1.0

-1.2

 II. Tobacco, Liquor and Articles

0.1

3.8

1.8

  Tobacco

0.0

6.7

3.8

  Liquor

0.2

-0.4

-1.0

 III. Clothing

0.6

2.4

2.9

  Clothing

0.8

2.6

2.9

  Shoes

0.3

2.1

2.9

  Clothing Processing Service

0.3

5.0

5.4

 IV. Household Facilities, Articles and Maintenance Services

0.0

0.8

1.1

  Durable Consumers

-0.1

-0.1

0.0

  Household Services and Processing, Maintenance Service

0.3

5.8

6.8

 V. Health Care and Personal Articles

0.2

2.2

1.9

  Chinese Herbal Medicines and Proprietary Chinese Medicines

0.2

3.1

2.6

  Western Medicines

0.4

3.1

2.1

  Health Care Services

0.2

2.9

2.3

 VI. Transportation and Communication

0.0

-1.9

-1.8

  Transportation Facilities

-0.2

-2.3

-1.6

  Fuels and Parts for Vehicles

0.7

-15.5

-16.5

  Vehicle Use and Maintenance

0.2

1.8

2.9

  Communication Facilities

-0.1

-3.4

-3.1

  Communication Services

0.0

-0.2

-0.2

 VII. Recreation, Education, Culture Articles and Services

-0.3

1.1

1.5

  Education Services

0.0

2.1

2.9

  Tourism

-1.8

0.0

-0.7

 VIII. Residence

0.0

0.6

0.7

  Building and its Decoration Materials

0.0

-0.3

0.1

  House Renting

0.1

2.7

2.6

  Water, Electricity, and Fuel

0.0

-2.4

-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.

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