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

http://data.acmr.com.cn  2020/4/13  National Bureau of Statistics of China


In March 2020, the Consumer Price Index (CPI) went up by 4.3 percent year-on-year, with an increase of 4.0 percent in urban and 5.3 percent in rural. The food prices went up by 18.3 percent, and the non-food prices increased by 0.7 percent. The prices of consumer goods went up by 6.2 percent, and that of services grew by 1.1 percent. From January to March, on average, the overall consumer prices were up by 4.9 percent from the same period of the previous year.

 

In March, national consumer prices dropped by 1.2 percent month-on-month. Among them, the prices in urban and rural were down by 1.2 and 1.3 percent respectively; the prices of foodstuff decreased by 3.8 percent, that of non-foodstuff decreased by 0.4 percent; and that of consumer goods went down by 1.7 percent, and hat of services fell 0.3 percent.

 

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

In March, prices of food, tobacco and liquor went up by 13.6 percent year-on-year, affecting nearly 4.10 percentage points increase in the CPI. Of which, livestock meat price up by 78.0 percent, affecting nearly 3.44 percentage points increase in the CPI (price of pork was up by 116.4 percent, affecting nearly 2.79 percentage points increase in the CPI); The price of aquatic products rose by 2.8 percent, affecting nearly 0.05 percentage point increase in the CPI; The price of eggs went up by 1.9 percent, affecting the CPI up by about 0.01 percentage point; Fresh fruit  and vegetable prices dropped by 6.1 and 0.1 percent, affecting the CPI down by 0.12 percentage point in total.

 

Prices in the other seven categories were 4 up and 3 down year on year. In which, the prices of other goods and services, education, culture and entertainment rose by 5.3 and 2.5 percent respectively, and the prices of health care, and daily goods and services rose by 2.2 and 0.3 percent, while that of transportation and communications, clothing and housing fell 3.8, 0.3 and 0.1 percent.

 

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

 

In March, food, tobacco and alcohol prices went down by 2.7 percent month-on-month, affecting CPI decrease by 0.90 percentage point. In which, fresh vegetable prices went down by 12.2 percent, affecting CPI down by 0.39 percentage point; Livestock meat prices dropped by 5.2 percent, affecting nearly 0.41 percentage point decrease in the CPI (price of pork was down by 6.9 percent, affecting nearly 0.36 percentage point decrease in the CPI); Egg prices dropped by 4.3 percent, affecting CPI down by 0.02 percentage point; Aquatic products prices fell 3.5 percent, affecting CPI down by 0.07 percentage point;

 

Other 7 kinds of price went up 2 down 5. In which, prices for other goods and services, and health care jumped by 0.4 and 0.2 percent; while that of transportation and communications, and housing dropped by 2.5 and 0.3 percent; that of clothing, household goods and services, and education, culture and entertainment all went down by 0.1 percent.



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