Consumer Prices for July 2020

National Bureau of Statistics of China 2020-08-11 09:30 Print| Large| Medium| Small

In July 2020, the Consumer Price Index (CPI) went up by 2.7 percent year-on-year, with an increase of 2.4 percent in urban and 3.7 percent in rural. The food prices went up by 13.2 percent, and the non-food prices unchanged. The prices of consumer goods went up by 4.3 percent, and that of services unchanged. From January to July, on average, the overall consumer prices were up by 3.7 percent from the same period of the previous year.

In July, national consumer prices rose by 0.6 percent month-on-month. Among them, the prices in urban and rural went up by 0.6 and 0.8 percent; the prices of foodstuff increased by 2.8 percent, that of non-foodstuff unchanged; that of consumer goods increased by 1.0 percent and that of services dropped by 0.1 percent.

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

In July, prices of food, tobacco and liquor went up by 10.2 percent year-on-year, affecting nearly 3.07 percentage points increase in the CPI. Of which, livestock meat price up by 61.1 percent, affecting nearly 2.90 percentage points increase in the CPI (price of pork was up by 85.7 percent, affecting nearly 2.32 percentage points increase in the CPI); the price of fresh vegetable rose by 7.9 percent, affecting the CPI up by 0.19 percentage point in total; that of aquatic products rose by 4.7 percent, affecting nearly 0.09 percentage point increase in the CPI; that of grain rose by 1.6 percent, affecting nearly 0.03 percentage point increase in the CPI; that of fresh fruit dropped by 27.7 percent, affecting the CPI down by 0.60 percentage point in total; that of eggs went down by 14.5 percent, affecting the CPI down by about 0.09 percentage point.

Prices in the other seven categories were 3 up 4 down year on year. In which, the prices of other goods and services, health care, education, culture and entertainment, rose by 5.1, 1.6 and 0.3 percent; that of transportation and communications and housing decreased by 4.4 and 0.7 percent; and that of clothing and daily goods and services fell 0.5 and 0.1 percent.

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

In July, food, tobacco and alcohol prices went up by 2.0 percent month-on-month, affecting CPI increase by 0.63 percentage point. In which, livestock meat prices rose by 7.4 percent, affecting nearly 0.51 percentage point increase in the CPI (price of pork was up by 10.3 percent, affecting nearly 0.46 percentage point increase in the CPI); fresh vegetable prices went up by 6.3 percent, affecting CPI up by 0.15 percentage point; egg prices rose by 3.1 percent, affecting CPI up by 0.02 percentage point; aquatic products prices increased by 0.4 percent, affecting CPI up by 0.01 percentage point; fresh fruits prices fell by 4.4 percent, affecting CPI down by 0.07 percentage point.

Other 7 kinds of price went up 2 down 2 and 3 unchanged. In which, prices for other goods and services, transportation and communications increased by 0.8 and 0.3 percent; that of housing, household goods and services, health care all unchanged; that of clothing, education, culture and entertainment decreased by 0.5 and 0.2 percent.

Consumer Prices in July

Items	July		Average on Jan-Jul
Items	M/M (%)	Y/Y (%)	Y/Y (%)

Consumer Prices	0.6	2.7	3.7
Of which: Urban	0.6	2.4	3.4
Rural	0.8	3.7	4.5
Of which: Food	2.8	13.2	15.8
Non food	0.0	0.0	0.6
Of which: Consumer Goods	1.0	4.3	5.4
Services	-0.1	0.0	0.8
Of which: Excluding Food and Energy	0.0	0.5	1.1
Of which: Excluding Fresh Vegetables and Fresh Fruits	0.6	3.3	4.1
By Commodity Categories
I. Food, Tobacco and Liquor	2.0	10.2	11.9
Grain	0.0	1.6	1.1
Cooking Oil	0.7	6.4	5.6
Fresh Vegetables	6.3	7.9	4.0
Meat	7.4	61.1	69.1
Of which: Pork	10.3	85.7	101.4
Beef	0.4	17.9	19.9
Mutton	1.1	11.1	11.1
Aquatic Products	0.4	4.7	3.5
Eggs	3.1	-14.5	-5.5
Dairy products	0.2	0.9	0.9
Fresh Fruits	-4.4	-27.7	-15.4
Tobacco	0.1	0.8	0.8
Liquor	0.2	1.8	2.6
II. Clothing	-0.5	-0.5	-0.1
Clothing	-0.5	-0.4	0.0
Clothing Processing Service	0.0	2.1	2.4
Shoes	-0.5	-1.3	-0.8
III. Residence	0.0	-0.7	-0.2
House Renting	0.0	-1.0	-0.2
Water, Electricity, and Fuel	-0.1	-1.0	-0.6
IV. Household Articles and Services	0.0	-0.1	0.1
Household Appliances	0.0	-2.1	-1.9
Household Services	0.1	2.6	2.8
V. Transportation and Communication	0.3	-4.4	-3.4
Transportation Facilities	-0.4	-2.7	-2.0
Fuels for Vehicles	2.4	-15.5	-12.6
Vehicle Use and Maintenance	0.1	1.5	1.5
Communication Facilities	-0.1	-1.8	-2.8
Communication Services	0.0	-0.3	-0.5
Postal Services	0.0	-0.4	-0.6
VI. Education, Culture and Recreation	-0.2	0.3	1.7
Education Services	0.0	2.2	2.4
Tourism	-1.5	-4.3	3.2
VII. Health Care	0.0	1.6	2.1
Traditional Chinese Medicines	0.0	2.4	2.8
Western Medicines	0.0	0.0	1.3
Health Care Services	0.0	2.2	2.5
VIII. Other Articles and Services	0.8	5.1	5.0

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 262 basic dishvisions 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.

4. Data Description

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