Consumer Price Index for July 2023

National Bureau of Statistics of China 2023-08-10 09:30 Print| Large| Medium| Small

In July 2023, the national consumer price index (CPI) decreased by 0.3 percent year-on-year. Among them, the price in urban areas decreased by 0.2 percent and the price in rural areas decreased by 0.6 percent; the price for food decreased by 1.7 percent, while for nonfood were flat; prices for consumer goods decreased by 1.3 percent and for services increased by 1.2 percent. From January to July, on average, the national consumer price index increased by 0.5 percent over the same period last year.

In July, the national consumer price index increased by 0.2 percent month-on-month. Among them, the price in urban areas increased by 0.3 percent and the price in rural areas maintained the same; the price for food decreased by 1.0 percent, while for nonfood increased by 0.5 percent; prices for consumer goods decreased by 0.1 percent and for services increased by 0.8 percent.

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

In July, prices for food, tobacco and alcohol decreased by 0.5 percent year-on-year, affecting the CPI decreased by about 0.14 percentage point. Among food categories, the price for livestock meat decreased by 14.0 percent, affecting the CPI decreased by about 0.48 percentage point, of which the price for pork decreased by 26.0 percent, affecting the CPI decreased by about 0.41 percentage point; the price for fresh vegetable decreased by 1.5 percent, affecting the CPI decreased by about 0.03 percentage point; the price for fresh fruit increased by 5.0 percent, affecting the CPI increased by about 0.10 percentage point; prices for aquatic products increased by 0.4 percent, affecting the CPI increased by about 0.01 percentage point; the price for grain increased by 0.3 percent, affecting CPI increased by about 0.01 percentage point.

Prices for other seven major categories increased five and decreased two year-on-year. Among them, prices for other articles and services, education, culture and recreation and medical services and health care increased by 4.1, 2.4 and 1.2 percent respectively; prices for clothing and housing increased by 1.0 and 0.1 percent respectively; prices for transportation and communication, articles and services for daily use decreased by 4.7 and 0.2 percent respectively.

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

In July, prices for food, tobacco and alcohol decreased by 0.6 percent month-on-month, affecting the CPI decreased by about 0.17 percentage point. Among food categories, the price for fresh fruit decreased by 5.1 percent, affecting the CPI decreased by about 0.11 percentage point; the price for fresh vegetable decreased by 1.9 percent, affecting the CPI decreased by about 0.04 percentage point; the price for egg decreased by 0.8 percent, affecting the CPI decreased by about 0.01 percentage point; the price for livestock meat decreased by 0.6 percent, affecting the CPI decreased by about 0.02 percentage point; the prices for aquatic products increased by 0.3 percent, affecting the CPI increased by about 0.01 percentage point.

Prices for other seven major categories increased six and decreased one month-on-month. Among them, the prices for education, culture and recreation, transportation and communication and other articles and services increased by 1.3, 1.2 and 0.9 percent respectively; the prices for articles and services for daily use, housing and medical services and health care increased by 0.6, 0.1 and 0.1 percent respectively; the price for clothing decreased by 0.3 percent.

Consumer Price Index in July 2023

	M/M (%)	Y/Y (%)	Jan-Jul Growth Rate (%)
Consumer Prices	0.2	-0.3	0.5
Of which: Urban	0.3	-0.2	0.6
Rural	0.0	-0.6	0.4
Of which: Food	-1.0	-1.7	1.9
Non-food	0.5	0.0	0.2
Of which: Consumer goods	-0.1	-1.3	0.3
Services	0.8	1.2	0.9
Of which: Excluding food and energy	0.5	0.8	0.7
By commodity categories
I. Food, tobacco and liquor	-0.6	-0.5	1.8
Grain	-0.1	0.3	1.4
Cooking oil	-0.6	-1.3	3.8
Fresh vegetables	-1.9	-1.5	-2.6
Meat	-0.6	-14.0	-0.6
Of which: Pork	0.0	-26.0	-2.0
Beef	-1.4	-4.8	-1.6
Mutton	-1.3	-3.1	-2.9
Aquatic products	0.3	0.4	0.4
Eggs	-0.8	-0.5	3.3
Dairy products	0.1	0.4	0.9
Fresh fruit	-5.1	5.0	7.5
Cigarettes	0.1	1.4	1.3
Liquor	0.2	0.5	0.9
II. Clothing	-0.3	1.0	0.8
Clothes	-0.3	1.0	0.9
Footwear	-0.4	0.6	0.5
III. Residence	0.1	0.1	-0.1
House rent	0.2	-0.1	-0.4
Water, electricity, and fuel	-0.1	-0.1	0.1
IV. Household facilities, articles and services	0.6	-0.2	0.4
Household appliances	0.9	-1.8	-1.0
Household services	0.1	1.8	1.6
V. Transportation and telecommunication	1.2	-4.7	-2.6
Transportation facilities	-0.4	-4.4	-3.4
Fuels for vehicles	1.9	-13.2	-8.1
Vehicle use and maintenance	0.0	0.5	0.9
Communication facilities	0.5	-2.6	-1.8
Telecommunication services	-0.2	-0.4	-0.2
Postal services	0.0	0.2	0.2
VI. Education, culture and recreation	1.3	2.4	1.8
Education services	0.1	1.2	1.2
Tourism	10.1	13.1	8.0
VII. Health care	0.1	1.2	1.0
Traditional Chinese medicines	1.1	5.7	4.4
Western medicines	0.0	0.1	0.3
Health care services	0.0	1.1	1.0
VIII. Miscellaneous goods and services	0.9	4.1	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 alcohol; clothing; housing; articles and services for daily use; transportation and communication; education, culture and recreation; medical services and health care; other articles and services.

3. Survey Methods

Sampling survey methodology is adopted to select and determine survey sites, and 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 was collected from nearly 100,000 price survey sites, including shopping malls (stores), supermarkets, farmers' markets, service sites and internet e-commerce businesses in about 500 cities and counties of 31 provinces (autonomous regions and municipalities).

4. Data Description

Due to "rounding-off", the aggregate data may be equal to the high or low value of the classified data.