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

http://data.acmr.com.cn  2020/8/11  National Bureau of Statistics of China


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.



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