In May 2020, the Consumer Price Index (CPI) went up by 2.4 percent year-on-year, with an increase of 2.3 percent in urban and 3.0 percent in rural. The food prices went up by 10.6 percent, and the non-food prices increased by 0.4 percent. The prices of consumer goods went up by 3.3 percent, and that of services grew by 1.0 percent. From January to May, on average, the overall consumer prices were up by 4.1 percent from the same period of the previous year.
In May, national consumer prices dropped by 0.8 percent month-on-month. Among them, the prices in urban and rural were down by 0.7 and 0.9 percent respectively; the prices of foodstuff decreased by 3.5 percent; that of non-foodstuff unchanged; and that of consumer goods went down by 1.2 percent; and that of services unchanged.
I. Year-on-Year Changes of Prices of Different Categories
In May, prices of food, tobacco and liquor went up by 8.5 percent year-on-year, affecting nearly 2.55 percentage points increase in the CPI. Of which, livestock meat price up by 57.4 percent, affecting nearly 2.55 percentage points increase in the CPI (price of pork was up by 81.7 percent, affecting nearly 1.98 percentage points increase in the CPI); the price of aquatic products rose by 3.7 percent, affecting nearly 0.07 percentage point increase in the CPI; the price of grain rose by 1.5 percent, affecting nearly 0.03 percentage point increase in the CPI; fresh fruit prices dropped by 19.3 percent, affecting the CPI down by 0.43 percentage point in total; the price of eggs went down by 12.3 percent, affecting the CPI down by about 0.08 percentage point; fresh vegetable prices dropped by 8.5 percent, affecting the CPI down by 0.22 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, respectively increased by 5.3 and 2.2 percent, that of health care, and daily goods and services rose by 2.1 and 0.1 percent, while that of transportation and communications, housing and clothing fell 5.1, 0.5 and 0.4 percent.
II. Month-on-Month Changes of Prices of Different Categories
In May, food, tobacco and alcohol prices went down by 2.4 percent month-on-month, affecting CPI decrease by 0.77 percentage point. In which, fresh vegetable prices went down by 12.5 percent, affecting CPI down by 0.33 percentage point; livestock meat prices dropped by 5.7 percent, affecting nearly 0.41 percentage point decrease in the CPI (price of pork was down by 8.1 percent, affecting nearly 0.37 percentage point decrease in the CPI); egg prices dropped by 4.1 percent, affecting CPI down by 0.02 percentage point; fresh fruits prices fell by 0.8 percent, affecting CPI down by 0.01 percentage point; aquatic products prices increased by 1.3 percent, affecting CPI up by 0.02 percentage point; the price of grain rose by 0.3 percent, affecting CPI up by 0.01 percentage point.
Other 7 kinds of price went up 2 down 2 and 3 unchanged. In which, prices for other goods and services and clothing increased by 0.5 and 0.2 percent, that of household goods and services, education, culture and entertainment and health care all unchanged, while that of housing and transportation and communications both dropped by 0.2 percent.