China's October CPI increased by 1.3% year-on-year

The National Bureau of Statistics released today the consumer price data for October. In October 2015, the national consumer price index (CPI) rose by 1.3% year-on-year. Among them, cities rose by 1.3%, rural areas rose by 1.2%, food prices rose by 1.9%, non-food prices rose by 0.9%, consumer goods prices rose by 1.0%, and service prices increased by 1.9%. From January to October, the national consumer price level rose by 1.4% over the same period of last year.
In October, the nation’s overall consumer price level fell by 0.3%. Among them, cities fell by 0.3%, rural areas fell by 0.3%; food prices fell by 1.0%; non-food prices rose by 0.1%; consumer goods prices fell by 0.4%, and service prices fell by 0.1%.
First, the year-on-year changes in the prices of various types of goods and services In October, food prices rose by 1.9% year-on-year, affecting a total consumer price increase of about 0.65 percentage points. Among them, the price of meat and poultry products rose by 7.2%, affecting the overall level of consumer prices rose by about 0.54 percentage points (15.8% of pork prices, affecting the overall level of consumer prices rose about 0.48 percentage points); fresh vegetable prices rose 4.7%, affecting The overall level of consumer prices rose by about 0.14 percentage points; the price of aquatic products rose by 2.1%, affecting the overall level of consumer price increase by about 0.05 percentage points; the price of grain increased by 1.2%, affecting the overall level of consumer price increase by about 0.04 percentage points; The decrease of 13.8% affected the overall level of consumer prices by approximately 0.13 percentage points; the price of fresh fruits decreased by 9.1%, which affected the overall level of consumer prices by approximately 0.21 percentage points.
In October, non-food prices rose by 0.9% year-on-year. Among them, tobacco and alcohol and supplies, clothing, health care and personal products, entertainment and educational cultural goods and services, household equipment supplies and maintenance services, and residential prices rose by 3.8%, 2.4%, 2.2%, 1.1%, 0.8% and 0.6% respectively. Transportation and communications prices fell by 1.9%.
According to calculations, in the 1.3% year-on-year increase in the total level of consumer prices in October, the hikes in the price increase last year were about 0.2 percentage points, and the new price increase factor was about 1.1 percentage points.
Second, the price changes of various types of goods and services In October, food prices fell by 1.0%, affecting the total level of consumer prices fell by about 0.34 percentage points. Among them, the price of eggs dropped by 6.9%, affecting the overall level of consumer prices dropped by about 0.06 percentage points; the price of fresh vegetables dropped by 5.6%, affecting the overall level of consumer prices dropped by about 0.18 percentage points; the price of meat and poultry and their products dropped by 0.9%, affecting residents The overall level of consumer prices fell by about 0.07 percentage point (the price of pork dropped by 1.9%, affecting the overall level of consumer price drop by about 0.07 percentage points); the price of aquatic products dropped by 0.8%, affecting the overall level of consumer price reduction by about 0.02%; fresh fruit prices A decrease of 0.5% affected the overall level of consumer prices by about 0.01%.
In October, non-food prices rose by 0.1%. Clothing, healthcare and personal care products, tobacco, alcohol and supplies prices rose by 0.6%, 0.2% and 0.1% respectively; prices of entertainment and educational supplies and services decreased by 0.3%; household equipment supplies and maintenance services, transportation and communications, and residential prices were all flat. .

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