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National Bureau of Statistics: National Consumer Prices of Residents Rose by 2.3% Year-on-Year

 

In accordance with the data released by the National Bureau of Statistics on the 10th day, consumer prices of residents nationwide rose by 2.3% in August 2018 year-on-year. Among them, the urban rose by 2.3%, the rural rose by 2.3%; food prices rose by 1.7%, non-food prices rose by 2.5%; consumer prices rose by 2.1%, and service prices rose by 2.6%. The average consumer prices of residents nationwide from January to August rose by 2.0% compared with the same period of last year.

 

In August, the consumer prices of residents nationwide rose by 0.7% month-on-month. Among them, the urban rose by 0.6%, the rural rose by 0.8%; food prices rose by 2.4%, non-food prices rose by 0.2%; consumer prices rose by 0.8%, and service prices rose by 0.3%.

 

Food, tobacco and alcohol prices rose by 1.9% year-on-year, affecting the rise of the Consumer Price Index (CPI) by about 0.55 percentage points. Among them, egg prices rose by 10.2%, affecting the rise of CPI by about 0.06 percentage points; poultry prices rose by 5.5%, affecting the rise of CPI by about 0.07 percentage points; fresh vegetable prices rose by 4.3%, affecting the rise of CPI by about 0.11 percentage points; livestock meat prices dropped by 2.0%, affecting the decline of CPI by about 0.09 percentage points (pork prices dropped by 4.9%, affecting the decline of CPI by about 0.12 percentage points); cooking oil prices dropped by 0.6%, affecting the decline of CPI by about 0.01 percentage points.

 

The prices of other seven categories all rose year-on-year. Among them, medical and health care prices rose by 4.3%, transportation and communications, education, culture and entertainment, and housing prices rose by 2.7%, 2.6% and 2.5% respectively, and the prices of living goods and services, clothing, and other goods and services rose by 1.6%, 1.3% and 1.2% respectively.

 

Food, tobacco and alcohol prices rose by 1.7% month-on-month, affecting the rise of CPI by about 0.49 percentage points. Among them, fresh vegetables prices rose by 9.0%, affecting the rise of CPI by about 0.21 percentage points; livestock meat prices rose by 3.8%, affecting the rise of CPI by about 0.16 percentage points (pork price rose by 6.5%, affecting the rise of CPI by about 0.14 percentage points); fresh fruits prices rose by 0.8%, affecting the rise of CPI by about 0.01 percentage points; grain and cooking oil prices remained unchanged from the previous month; aquatic products prices dropped by 0.3%, affecting the decline of CPI by about 0.01 percentage points.

 

Among the prices of other seven categories, five categories rose, one category dropped and one remained unchanged. Among them, prices for housing, medical and health care, and education, culture and entertainment rose by 0.5%, 0.4% and 0.2% respectively, the prices for living goods and services, and other goods and services both rose by 0.1%, clothing prices dropped by 0.1%, and transportation and communications prices remained unchanged from the previous month.