Consumer Prices for July 2022

National Bureau of Statistics of China 2022-08-11 09:30 Print| Large| Medium| Small

In July 2022, the national Consumer Price Index (CPI) rose by 2.7 percent year-on-year. Among them, the urban growth rate was 2.6 percent, and the rural growth rate was 3.0 percent; food prices rose by 6.3 percent, while nonfood prices rose by 1.9 percent; consumer goods prices rose by 4.0 percent and service prices rose by 0.7 percent. From January to July, on average, the national consumer price rose by 1.8 percent over the same period last year.

In July, the national consumer price rose by 0.5 percent month on month. Among them, the urban growth rate was 0.4 percent, and the rural growth rate was 0.5 percent; food prices rose by 3.0 percent, and non-food prices fell by 0.1 percent; consumer goods prices rose by 0.6 percent, and service prices rose by 0.3 percent.

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

In July, the price of food, tobacco and alcohol increased by 4.7 percent year on year, affecting the CPI up by about 1.28 percentage points. Among foodstuff, the price of fresh fruit increased by 16.9 percent, affecting the CPI up by about 0.30 percentage point; the price of fresh vegetables rose by 12.9 percent, affecting the CPI up by about 0.24 percentage point; the price of livestock meat increased by 8.4 percent, affecting the CPI up by about 0.27 percentage point, of which the price of pork increased by 20.2 percent, affecting the CPI up by about 0.27 percentage point; egg prices rose by 5.9 percent, affecting CPI up by about 0.04 percentage point; grain prices rose by 3.4 percent, affecting CPI up by about 0.06 percentage point; the price of aquatic products decreased by 2.9 percent, affecting the CPI down by about 0.06 percentage point.

The prices of the other seven categories all increased year on year. Among them, the prices of transportation, communication, education, culture and entertainment increased by 6.1 and 1.5 percent respectively, the prices of daily necessities and services and other supplies and services increased by 1.4 and 0.9 percent respectively, and the prices of clothing, housing and health care all increased by 0.7 percent.

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

In July, the price of food, tobacco and alcohol increased by 1.9 percent month on month, affecting the CPI up by about 0.52 percentage point. Among foodstuff, the price of livestock meat increased by 11.8 percent, affecting the CPI up by about 0.36 percentage point, of which the price of pork increased by 25.6 percent, affecting the CPI up by about 0.32 percentage point; the price of fresh vegetables increased by 10.3 percent, affecting the CPI up by about 0.19 percentage point; the price of aquatic products increased by 0.5 percent, affecting the CPI up by about 0.01 percentage point; the price of fresh fruit decreased by 3.8 percent, affecting the CPI down by about 0.08 percentage point.

The prices of the other seven categories increased two, leveled two and fell three. Among them, the prices of education, culture and entertainment, daily necessities and services increased by 0.5 and 0.3 percent respectively; housing and health care prices were flat; the prices of transportation and communications, other supplies and services, and clothing decreased by 0.7, 0.7 and 0.4 percent respectively.

Consumer Prices in July 2022

Items	M/M (%)	Y/Y (%)	Jan-Jul
Items	M/M (%)	Y/Y (%)	Growth Rate(%)

Consumer Prices	0.5	2.7	1.8
Of which: Urban	0.4	2.6	1.9
Rural	0.5	3.0	1.7
Of which: Food	3.0	6.3	0.5
Non food	-0.1	1.9	2.1
Of which: Consumer Goods	0.6	4.0	2.3
Services	0.3	0.7	1.0
Of which: Excluding Food and Energy	0.1	0.8	1.0
By Commodity Categories
I. Food, Tobacco and Liquor	1.9	4.7	1.0
Grain	0.1	3.4	2.5
Cooking Oil	1.8	6.8	4.3
Fresh Vegetables	10.3	12.9	8.6
Meat	11.8	8.4	-16.3
Of which: Pork	25.6	20.2	-27.5
Beef	0.1	1.3	0.7
Mutton	0.1	-4.4	-4.6
Aquatic Products	0.5	-2.9	1.6
Eggs	0.3	5.9	6.6
Dairy products	0.1	0.9	0.7
Fresh Fruits	-3.8	16.9	12.6
Tobacco	0.1	1.4	1.6
Liquor	0.1	1.4	1.6
II. Clothing	-0.4	0.7	0.6
Clothing	-0.4	0.7	0.6
Shoes	-0.3	0.6	0.2
III. Residence	0.0	0.7	1.1
House Renting	0.1	-0.4	0.1
Water, Electricity, and Fuel	-0.1	3.6	3.9
IV. Household Articles and Services	0.3	1.4	1.0
Household Appliances	0.9	1.7	1.9
Household Services	0.1	2.7	2.9
V. Transportation and Communication	-0.7	6.1	6.3
Transportation Facilities	-0.3	-0.2	0.5
Fuels for Vehicles	-3.3	24.2	25.9
Vehicle Use and Maintenance	0.0	1.5	1.5
Communication Facilities	1.7	-2.8	-3.4
Communication Services	0.0	-0.3	-0.3
Postal Services	0.0	0.0	-0.1
VI. Education, Culture and Recreation	0.5	1.5	2.2
Education Services	0.0	2.3	2.5
Tourism	3.5	0.5	3.8
VII. Health Care	0.0	0.7	0.7
Traditional Chinese Medicines	0.2	2.8	2.3
Western Medicines	0.0	-0.4	-0.5
Health Care Services	0.0	0.8	0.9
VIII. Other Articles and Services	-0.7	0.9	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 8 categories and 268 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

According to the principle of "fixed person, fixed point and fixed time", people are directly sent to the survey sites or collect the original price from the Internet. The data comes from about 500 cities and counties in 31 provinces (autonomous regions and cities) and nearly 100,000 price survey points, including shopping malls (stores), supermarkets, farmers' markets, service outlets and Internet e-commerce.

4. Data Description

Due to "rounding-off", sometimes the aggregate data is the same as the high or low value of the classified data.