Consumer Prices for May 2017
National Bureau of Statistics of China2017-06-12 16:53




In May 2017, the consumer price index (CPI) went up by 1.5 percent year-on-year. The prices grew by 1.7 percent in cities and 1.1 percent in rural areas. The food prices went down by 1.6 percent, and the non-food prices decreased 2.3 percent. The prices of consumer goods went up by 0.7 percent and the prices of services grew by 2.9 percent. On average from January to May, the overall consumer prices were up by 1.4 percent from the same period of the previous year.

 

In May, the consumer prices decreased 0.1 percent month-on-month. Of which, prices decreased 0.1 percent both in cities and rural areas. The food prices went down by 0.7 percent, and the non-food prices remained at the same level. The prices of consumer goods decreased 0.2 percent, and the prices of services increased 0.1 percent.

 

 

 

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

 

In May, prices of food, tobacco and liquor, went down by 0.5 percent year-on-year, affecting nearly 0.15 percentage points decrease in the CPI. Of which, the prices of eggs, went down by 14.4 percent, affecting nearly 0.08 percentage points decrease in the CPI; meat, went down by 7.8 percent, affecting nearly 0.39 percentage points decrease in the CPI (price of pork was down by 12.8 percent, affecting nearly 0.38 percentage points decrease in the CPI); fresh vegetables, down by 6.3 percent, affecting nearly 0.15 percentage points decrease in the CPI; fresh fruits, up by 5.9 percent, affecting nearly 0.10 percentage point increase in the CPI; aquatic products, up by 6.9 percent, affecting nearly 0.12 percentage points increase in the CPI; grain, up by 1.4 percent, affecting nearly 0.03 percentage points increase in the CPI.

 

The prices of all the other seven categories increased. Of which, the prices of health care increased 5.9 percent, other articles and services increased 2.9 percent, education, culture and recreation increased 2.6 percent, residence increased 2.5 percent, clothing, transportation and communication, household articles and services, increased 1.3, 1.1 and 1.0 percent respectively.

 

 

 

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

 

In May, prices of food, tobacco and liquor decreased 0.4 percent month-on-month, affecting nearly 0.13 percentage points decrease in the CPI. Of which, prices for fresh vegetables, went down by 6.2 percent, affecting nearly 0.14 percentage points decrease in the CPI; eggs, down by 3.4 percent, affecting nearly 0.02 percentage points decrease in the CPI; meat, down by 1.8 percent, affecting nearly 0.08 percentage points decrease in the CPI (price of pork was down by 2.9 percent, affecting nearly 0.08 percentage points decrease in the CPI); fresh fruits, went up by 4.2 percent, affecting nearly 0.08 percentage points increase in the CPI; aquatic products, up by 1.2 percent, affecting nearly 0.02 percentage points increase in the CPI.

 

Among the prices of the other seven categories, four increased and three decreased. Of which, the prices of health care increased 0.4 percent, household articles and services, clothing, residence increased 0.2, 0.1 and 0.1 percent respectively, transportation and communication, other articles and services, education, culture and recreation decreased 0.3, 0.2 and 0.1 percent respectively.

 

 

 

Consumer Prices in May

 

Items

May

Average on Jan-May

M/M (%)

Y/Y (%)

Y/Y (%)

     

 

Consumer Prices

-0.1

1.5

1.4

 Of which: Urban

-0.1

1.7

1.5

     Rural

-0.1

1.1

1.1

 Of which: Food

-0.7

-1.6

-2.3

     Non food

0.0

2.3

2.3

 Of which: Consumer Goods

-0.2

0.7

0.5

     Services

0.1

2.9

2.8

 Of which: Excluding Food and Energy

0.1

2.1

2.1

 Of which: Excluding Fresh Vegetables and Fresh Fruits

0.0

1.5

1.9

By Commodity Categories

 

 

 

 I. Food

-0.4

-0.5

-1.0

  Grain

0.1

1.4

1.3

  Cooking Oil

-0.2

-0.4

0.9

    Fresh Vegetables

-6.2

-6.3

-17.4

  Meat

-1.8

-7.8

-1.7

    Of which: Pork

-2.9

-12.8

-3.8

        Beef

0.0

0.3

0.1

        Mutton

0.5

0.7

0.1

  Aquatic Products

1.2

6.9

5.2

  Eggs

-3.4

-14.4

-12.3

  Dairy products

0.0

0.1

-0.2

  Fresh Fruits

4.2

11.8

5.5

  Tobacco

0.0

-0.2

-0.2

  Liquor

0.2

2.1

1.6

 II. Clothing

0.1

1.3

1.2

  Clothing

0.2

1.3

1.2

  Clothing Processing Service

0.2

4.1

4.4

  Shoes

0.0

1.3

1.1

 III. Residence

0.1

2.5

2.4

  House Renting

0.1

2.9

3.0

  Water, Electricity, and Fuel

-0.2

1.9

1.7

 IV. Household Articles and Services

0.2

1.0

0.7

    Household Appliances

0.2

0.3

-0.4

    Household Services

0.4

4.2

4.2

 V. Transportation and Communication

-0.3

1.1

1.8

  Transportation Facilities

-0.4

-1.6

-1.4

  Fuels for Vehicles

-0.6

10.2

15.2

  Vehicle Use and Maintenance

0.1

1.8

1.7

  Communication Facilities

-0.2

-3.5

-3.6

  Communication Services

-0.1

-0.2

-0.2

    Postal Services

1.5

1.6

0.4

 VI. Education, Culture and Recreation

-0.1

2.6

2.5

  Education Services

0.0

3.3

3.3

  Tourism

-0.8

4.1

4.2

 VII. Health Care

0.4

5.9

5.4

  Traditional Chinese Medicines

0.5

6.0

5.8

  Western Medicines

0.7

6.3

6.3

  Health Care Services

0.3

5.8

5.1

 VIII. Other Articles and Services

-0.2

2.9

3.4

     

 

 

 

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 8 categories and 262 basic divisions which cover the living consumption of urban and rural residents, including food, tobacco and liquor; clothing; residence; household articles and services; transportation and communication; education, culture and recreation; health care; other articles and services.

 

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 88,000 prices collection units in 500 cities and counties of the 31 provinces (autonomous regions and municipalities), which cover shopping malls, supermarkets, open fairs, service outlets and Internet E-commerce suppliers.

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