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

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


In October 2020, the Consumer Price Index (CPI) went up by 0.5 percent year-on-year, with an increase of 0.5 percent in urban and 0.4 percent in rural. The food prices went up by 2.2 and the non-food prices unchanged. The prices of consumer goods went up by 0.6 percent, and that of services rose by 0.3 percent. From January to October, on average, the overall consumer prices were up by 3.0 percent from the same period of the previous year.

 

In October, national consumer prices dropped by 0.3 percent month-on-month. Among them, the prices in urban and rural went down by 0.3 and 0.5 percent; the prices of foodstuff decreased by 1.8 percent while that of non-foodstuff increased by 0.1 percent; that of consumer goods fell by 0.6 percent, while that of services rose by 0.1 percent.

 

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

 

In October, prices of food, tobacco and liquor went up by 2.4 percent year-on-year, affecting nearly 0.76 percentage points increase in the CPI. Of which, fresh vegetables rose by 16.7percent, affecting the CPI up by 0.38 percentage point in total; the price of that of aquatic products increased by 2.5 percent, affecting the CPI up by 0.04 percentage point in total; livestock meat price went up by 2.0 percent, affecting nearly 0.14 percentage points increase in the CPI (price of pork was down by 2.8 percent, affecting nearly 0.13 percentage point decrease in the CPI); that of grain rose by 1.5 percent, affecting the CPI up by 0.03 percentage point in total; that of fresh fruits rose by 0.4 percent, affecting the CPI up by 0.01 percentage point in total; that of eggs went down by 16.3 percent, affecting the CPI down by about 0.11 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 2.4, 1.5 and 1.1 percent; that of transportation and communications and housing decreased by 3.9 and 0.7 percent; and that of clothing and daily goods and services fell 0.3 and 0.1 percent.

 

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

 

In October, food, tobacco and alcohol prices went down by 1.2 percent month-on-month, affecting CPI decrease by 0.39 percentage point. In which, the price of livestock meat dropped by 4.5 percent, affecting nearly 0.34 percentage point decrease in the CPI, of which the price of pork was down by 7.0 percent, affecting nearly 0.34 percentage point decrease in the CPI; that of fresh vegetables dropped by 2.1 percent, affecting CPI down by 0.06 percentage point; that of eggs went down by 1.9 percent, affecting CPI down by 0.01 percentage point; that of aquatic products decreased by 1.2 percent, affecting CPI down by 0.02 percentage point totally; that of fresh fruits rose by 1.8 percent, affecting CPI up by 0.03 percentage point.

 

Other seven categories of prices rose 5 and fell 2 month on month. Among them, the prices of education, culture and entertainment, and clothing, increased by 0.6 and 0.4 percent; that of housing, daily necessities and services, and health care all increased by 0.1 percent; that of other supplies and services, transportation and communication decreased by 1.7 and 0.2 percent respectively.



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