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Location: Data Center > Finance News > Content
Consumer Prices for December 2020

http://data.acmr.com.cn  2020/1/10  National Bureau of Statistics of China

In December 2019, the Consumer Price Index (CPI) went up by 4.5 percent year-on-year, with an increase of 4.2 percent in urban and 5.3 percent in rural. The food prices went up by 17.4 percent, and the non-food prices increased by 1.3 percent. The prices of consumer goods went up by 6.4 percent, and that of services grew by 1.2 percent.


In December, national consumer prices were flat month-on-month. Among them, the prices in urban were flat and rural prices were down by 0.1 percent; the prices of foodstuff decreased by 0.4 percent, while that of non-foodstuff increased by 0.1 percent; and that of consumer goods and services were both flat..


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


In December, prices of food, tobacco and liquor went up by 12.9 percent year-on-year, affecting nearly 3.82 percentage points increase in the CPI. Of which, livestock meat price up by 66.4 percent, affecting nearly 2.94 percentage points increase in the CPI (price of pork was up by 97.0 percent, affecting nearly 2.34 percentage points increase in the CPI); Fresh vegetable prices jumped by 10.8 percent, affecting the CPI up by 0.26 percentage point; The price of eggs rose by 6.2 percent, affecting the CPI up by about 0.04 percentage point; The price of aquatic products jumped by 1.3 percent, affecting nearly 0.02 percentage point increase in the CPI; Grain prices rose by 0.6 percent, affecting CPI up by about 0.01 percentage point; Fresh fruit prices decreased by 8.0 percent, affecting nearly 0.15 percentage point decrease in the CPI.


Prices in the other seven categories were up six and one down year on year. In which, the prices of other goods and services, health care, education, culture and entertainment rose by 4.4, 2.1 and 1.8 percent respectively, and the prices of clothing, housing and daily goods and services rose by 0.8, 0.5 and 0.4 percent respectively, while that of transportation and communications dropped by 0.7 percent.


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


In December, food, tobacco and alcohol prices went down by 0.2 percent month-on-month, affecting CPI decrease by 0.05 percentage point. In which, egg prices dropped by 4.7 percent, affecting CPI down by 0.03 percentage point; livestock meat fell 3.8 percent, affecting nearly 0.28 percentage point decrease in the CPI (price of pork was down by 5.6 percent, affecting nearly 0.27 percentage points decrease in the CPI); Fresh vegetable and fruits prices went up by 10.6 and 0.6 percent, affecting CPI increase by 0.25 and 0.01 percentage point.


Other 7 kinds of price went up 4 down 2 and 1 unchanged. In which, prices for transportation and communications, and health care both rose by 0.2 percent; that of housing, household goods and services increased by 0.1 percent; and that of education, culture and entertainment unchanged, while that of clothing, other goods and services fell 0.1 percent.

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