Consumer Price Index for June 2023

National Bureau of Statistics of China 2023-07-11 09:30 Print| Large| Medium| Small

In June 2023, the national Consumer Price Index (CPI) was flat on a month-on-month basis. Among them, the urban was flat and the rural decreased by 0.1 percent; the food prices increased by 2.3 percent, while the nonfood prices decreased by 0.6 percent; the consumer goods prices decreased by 0.5 percent and the service prices increased by 0.7 percent. From January to June, on average, the national consumer price increased by 0.7 percent over the same period last year.

In June, 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; the food prices decreased by 0.5 percent, and the nonfood prices decreased by 0.1 percent; consumer goods prices decreased by 0.3 percent and service prices increased by 0.1 percent.

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

In June, the price of food, tobacco and liquor increased by 2.0 percent year-on-year, affecting the CPI increased by about 0.55 percentage point. Among foodstuff, the price of fresh vegetables increased by 10.8 percent, affecting the CPI increased by about 0.20 percentage point; the price of fresh fruit increased by 6.4 percent, affecting the CPI increased by about 0.13 percentage point; the grain prices increased by 0.5 percent, affecting CPI increased by about 0.01 percentage point; the price of aquatic products increased by 0.5 percent, affecting the CPI increased by about 0.01 percentage point; the price of livestock meat decreased by 3.3 percent, affecting the CPI decreased by about 0.10 percentage point, of which the price of pork decreased by 7.2 percent, affecting the CPI decreased by about 0.09 percentage point.

The prices of the other seven major categories increased four, leveled one and decreased two year-on-year. Among them, the prices of miscellaneous goods and services, education, culture and recreation increased by 2.4 and1.5 percent respectively, the prices of health care and clothing increased by 1.1 and 0.9 percent respectively; the price of housing maintained the same; the prices of transportation and telecommunication and household facilities, articles and services decreased by 6.5 and 0.5 percent respectively.

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

In June, the price of food, tobacco and liquor decreased by 0.2 percent month-on-month, affecting the CPI decreased by about 0.07 percentage point. Among foodstuff, egg prices decreased by 2.2 percent, affecting the CPI decreased by about 0.02 percentage point; the price of fresh fruit decreased by 1.7 percent, affecting the CPI decreased by about 0.04 percentage point; the price of livestock meat decreased by 1.2 percent, affecting the CPI decreased by about 0.04 percentage point, of which the price of pork decreased by 1.3 percent, affecting the CPI decreased by about 0.02 percentage point; the price of aquatic products decreased by 1.2 percent, affecting the CPI decreased by about 0.02 percentage point; and the fresh vegetable prices increased by 2.3 percent, affecting CPI increased by about 0.05 percentage point.

The prices of the other seven major categories increased two and decreased five month-on-month. Among them, the prices of housing and health care both increased by 0.1 percent; the prices of miscellaneous goods and services, household facilities, articles and services, transportation and telecommunication, decreased by 0.6, 0.5 and 0.5 percent respectively; the prices of clothing, education, culture and recreation both decreased by 0.2 percent.

Consumer Price Index in June 2023

	M/M (%)	Y/Y (%)	Jan-Jun Growth Rate (%)
Consumer Prices	-0.2	0.0	0.7
Of which: Urban	-0.2	0.0	0.7
Rural	-0.2	-0.1	0.6
Of which: Food	-0.5	2.3	2.5
Non-food	-0.1	-0.6	0.3
Of which: Consumer goods	-0.3	-0.5	0.5
Services	0.1	0.7	0.9
Of which: Excluding food and energy	-0.1	0.4	0.7
By commodity categories
I. Food, tobacco and liquor	-0.2	2.0	2.1
Grain	0.0	0.5	1.6
Cooking oil	-1.0	1.1	4.7
Fresh vegetables	2.3	10.8	-2.7
Meat	-1.2	-3.3	1.9
Of which: Pork	-1.3	-7.2	3.2
Beef	-1.9	-3.4	-1.1
Mutton	-1.3	-1.7	-2.8
Aquatic products	-1.2	0.5	0.4
Eggs	-2.2	0.6	3.9
Dairy products	-0.1	0.4	0.9
Fresh fruit	-1.7	6.4	7.9
Cigarettes	0.0	1.3	1.3
Liquor	-0.3	0.3	1.0
II. Clothing	-0.2	0.9	0.8
Clothes	-0.2	0.9	0.9
Footwear	-0.2	0.7	0.5
III. Residence	0.1	0.0	-0.2
House rent	0.1	-0.2	-0.4
Water, electricity, and fuel	-0.1	-0.2	0.1
IV. Household facilities, articles and services	-0.5	-0.5	0.5
Household appliances	-0.9	-1.8	-0.9
Household services	0.1	1.8	1.6
V. Transportation and telecommunication	-0.5	-6.5	-2.3
Transportation facilities	-0.4	-4.3	-3.2
Fuels for vehicles	-1.3	-17.6	-7.1
Vehicle use and maintenance	0.1	0.6	0.9
Communication facilities	-0.2	-1.5	-1.7
Telecommunication services	0.0	-0.2	-0.2
Postal services	0.0	0.3	0.2
VI. Education, culture and recreation	-0.2	1.5	1.7
Education services	0.0	1.2	1.2
Tourism	-0.3	6.4	7.1
VII. Health care	0.1	1.1	1.0
Traditional Chinese medicines	0.8	4.8	4.2
Western medicines	0.0	0.2	0.3
Health care services	0.0	1.1	1.0
VIII. Miscellaneous goods and services	-0.6	2.4	2.9

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.