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China: Consumer Price Index Slowed Down in October 2008
added: 2008-11-13

In October, consumer price index rose by 4.0 percent over the same period of the previous year. Of which, urban area and rural area was up by 3.7 and 4.6 percent respectively; the price of foodstuff, non-foodstuff, consumable and services expanded 8.5, 1.6, 4.9 and 0.9 percent respectively.

CPI got a decrease of 0.3 percent on a month-on-month basis: the price of foodstuff was down by 0.9 percent, of which, fresh vegetable surged 3.9 percent while that of fresh egg was down by 4.4 percent.

In terms of different categories, the price of foodstuff increased 8.5 percent, year-on-year. Of the total, the price of meat, poultry and its processed products rose by 6.7 percent (price of pork was down by 1.2 percent), that of fresh vegetable, grain, oil and fat, aquatic products, fresh fruits, fresh eggs, and spices expanded 0.2, 6.9, 10.9, 12.7, 5.5, 4.2 and 6.3 percent respectively.

The price of tobacco, liquor and articles jumped by 3.4 percent over the same period of the previous year. Of which, the price of tobacco and liquor rose by 0.5 and 8.6 percent respectively.

The price of clothing was down by 1.3 percent year-on-year, of which, the price of clothes declined 1.6 percent.

The price of household services, maintenance and renovation rose by 3.4 percent year-on-year. Of which, the price of durable consumer goods rose by 1.6 percent, and that of household services, maintenance and renovation surging 8.3 percent.

The price of medical care and personal articles increased 2.4 percent year-on-year. Of which, the price of western medicines increased 1.4 percent; that of traditional Chinese medicinal materials and medicines was up by 3.9 percent; and that of health care services shot up by 0.2 percent.

The price of transportation and communication remained stable. Of which, the price of vehicles decreased 0.9 percent; that of fuel and spares, using and maintaining of vehicles, intercity transportation and urban transportation expanded 22.4, 0.9, 5.3 and 0.9 percent respectively, while that of vehicles and telecommunication services fell 18.8 percent.

The price of recreational, educational and cultural articles declined 0.3 percent year-on-year. Of the total, the price of tuition and baby-care, recreation fees, and tourism fees went up by 1.0, 1.9 and 0.7 percent correspondingly, while that of durable consumer goods for recreational use was down by 8.2 percent.

The price of articles related to residence expanded 4.6 percent over the same period of the previous year. Of which, price of water, electricity and fuel, construction and decoration materials, and housing rent was respectively climbing 6.8, 7.0 and 2.0 percent.

From January to October, the cumulated CPI increased 6.7 percent year-on-year. Of the total, urban and rural areas rose by 6.4 and 7.3 percent; that of foodstuff, tobacco, liquor, and articles, household services, maintenance and renovation, health care and personal articles, and residence expanded 16.3, 2.9, 2.8, 3.1 and 6.7 percent, respectively; while that of clothing, transportation and communication, recreational, educational and cultural articles dropped 1.4, 0.9 and 0.7 percent respectively.


Source: National Bureau of Statistics of China

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