Consumer Price Index for May 2023

National Bureau of Statistics of China 2023-06-10 09:30 Print| Large| Medium| Small

In May 2023, the national Consumer Price Index (CPI) increased by 0.2 percent year-on-year. Among them, the urban increased by 0.2 percent and the rural increased by 0.1 percent; food prices increased by 1.0 percent, while non-food prices were flat; consumer goods prices decreased by 0.3 percent and service prices increased by 0.9 percent. From January to May, on average, the national consumer price increased by 0.8 percent over the same period last year.

In May, the national consumer price decreased by 0.2 percent month-on-month. Among them, the price in urban areas decreased by 0.2 percent and the price in rural areas decreased by 0.2 percent; food prices decreased by 0.7 percent, and non-food prices decreased by 0.1 percent; consumer goods prices decreased by 0.2 percent and service prices decreased by 0.1 percent.

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

In May, the price of food, tobacco and liquor increased by 1.2 percent year-on-year, affecting the CPI increased by about 0.34 percentage point. Among foodstuff, the price of fresh fruit increased by 3.4 percent, affecting the CPI increased by about 0.07 percentage point; grain prices increased by 0.5 percent, affecting CPI increased by about 0.01 percentage point; the price of fresh vegetable decreased by 1.7 percent, affecting the CPI decreased by about 0.03 percentage point; egg prices decreased by 1.5 percent, affecting the CPI decreased by about 0.01 percentage point; the price of livestock meat decreased by 1.0 percent, affecting the CPI decreased by about 0.03 percentage point, of which the price of pork decreased by 3.2 percent, affecting the CPI decreased by about 0.04 percentage point;

The prices of the other seven major categories increased four and decreased three year-on-year. Among them, the prices of miscellaneous goods and services, education, culture and recreation increased by 3.1, 1.7 percent respectively, the prices of health care and clothing increased by 1.1 and 0.9 percent respectively; the prices of transportation and telecommunication, residence and household facilities, articles and services decreased by 3.9, 0.2 and 0.1 percent respectively.

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

In May, the price of food, tobacco and liquor decreased by 0.4 percent month-on-month, affecting the CPI decreased by about 0.11 percentage point. Among foodstuff, fresh vegetable prices decreased by 3.4 percent, affecting the CPI decreased by about 0.07 percentage point; the price of livestock meat decreased by 1.3 percent, affecting the CPI decreased by about 0.04 percentage point, of which the price of pork decreased by 2.0 percent, affecting the CPI decreased by about 0.02 percentage point; egg prices decreased by 1.3 percent, affecting the CPI decreased by about 0.01 percentage point; the price of fresh fruit decreased by 0.3 percent, affecting the CPI decreased by about 0.01 percentage point.

The prices of the other seven major categories increased three, leveled one and decreased three month-on-month. Among them, the prices of clothing, miscellaneous goods and services and health care increased by 0.4, 0.2 and 0.1 percent respectively; the prices of household facilities, articles and services were flat; the prices of transportation and telecommunication, residence and education, culture and recreation decreased by 0.6, 0.1 and 0.1 percent respectively.

Consumer Price Index in May 2023

	M/M （%）	Y/Y （%）	Jan-May Growth Rate (%)
Consumer Prices	-0.2	0.2	0.8
Of which: Urban	-0.2	0.2	0.8
Rural	-0.2	0.1	0.8
Of which: Food	-0.7	1.0	2.5
Non-food	-0.1	0.0	0.4
Of which: Consumer goods	-0.2	-0.3	0.8
Services	-0.1	0.9	0.9
Of which: Excluding food and energy	0.0	0.6	0.7
By commodity categories
I. Food, tobacco and liquor	-0.4	1.2	2.2
Grain	-0.2	0.5	1.8
Cooking oil	-0.5	3.6	5.4
Fresh vegetables	-3.4	-1.7	-4.9
Meat	-1.3	-1.0	2.9
Of which: Pork	-2.0	-3.2	5.3
Beef	-0.9	-1.9	-0.7
Mutton	-0.4	-1.9	-3.0
Aquatic products	0.0	0.0	0.4
Eggs	-1.3	-1.5	4.6
Dairy products	-0.1	0.6	1.0
Fresh fruit	-0.3	3.4	8.3
Cigarettes	0.1	1.4	1.3
Liquor	0.0	1.0	1.2
II. Clothing	0.4	0.9	0.8
Clothes	0.4	1.0	0.8
Footwear	0.5	0.8	0.4
III. Residence	-0.1	-0.2	-0.2
House rent	-0.1	-0.3	-0.4
Water, electricity, and fuel	-0.2	-0.4	0.2
IV. Household facilities, articles and services	0.0	-0.1	0.7
Household appliances	-0.6	-1.8	-0.7
Household services	0.0	1.9	1.5
V. Transportation and telecommunication	-0.6	-3.9	-1.4
Transportation facilities	-0.4	-4.2	-3.0
Fuels for vehicles	-0.2	-11.1	-4.8
Vehicle use and maintenance	-0.1	0.5	1.0
Communication facilities	-0.8	-2.1	-1.7
Telecommunication services	-0.1	-0.3	-0.2
Postal services	0.0	0.2	0.2
VI. Education, culture and recreation	-0.1	1.7	1.7
Education services	0.0	1.2	1.2
Tourism	-0.6	8.0	7.3
VII. Health care	0.1	1.1	1.0
Traditional Chinese medicines	0.6	4.4	4.1
Western medicines	-0.1	0.3	0.4
Health care services	0.1	1.1	0.9
VIII. Miscellaneous goods and services	0.2	3.1	3.0

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 facilities, articles and services; transportation and telecommunication; education, culture and recreation; health care; miscellaneous goods 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.