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In June, The Consumer Price Index Went up by 2.2 Percent Year-on-Year

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Core prompt: In June, the consumer price index (CPI) went up by 2.2 percent year-on-year. The prices grew by 2.2 percent in cities areas and 2.0 percent in rural areas. The food prices went up by 3.8 percent,

In June, the consumer price index (CPI) went up by 2.2 percent year-on-year. The prices grew by 2.2 percent in cities areas and 2.0 percent in rural areas. The food prices went up by 3.8 percent, while the non-food prices increased by 1.4 percent. The prices of consumer goods went up by 2.3 percent and the prices of services grew by 1.9 percent. In the first half of this year, the overall consumer prices were up by 3.3 percent over the same period of previous year.

In June, the month-on-month change of consumer prices was down by 0.6 percent, prices in cities and rural went down by 0.6 and 0.5 percent respectively. The food prices dropped by 1.6 percent, the non-food prices kept at the same level (the amount of change was 0). The prices of consumer goods decreased by 0.9 percent, and the prices of services increased by 0.3 percent.

Consumer Prices for June 2012

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

In June, food prices dropped by 1.6 percent month-on-month, contributing 0.53 percentage points to the month-on-month decrease of consumer prices. In June, prices for fresh vegetables decreased 15.2 percent, contributing 0.48 percentage points decrease in the overall price level; prices for meat, poultry and related products decreased 0.6 percent, narrowing 0.04 percentage points (the prices of pork down by 1.6 percent, affecting 0.05 percentage points decrease in the overall price level); prices for aquatic products decreased 0.5 percent, contributing 0.01 percentage points to the decrease of consumer prices; price for eggs, went up 11.4 percent, contributing 0.08 percentage points increase in the overall price level; price for grain increased 0.1 percent.

Non-food prices kept at the same level (the amount of change was 0) in June. Of which, the month-on-month prices for tobacco and liquor, household facilities, articles and maintenance services, health care and personal articles all increased 0.1 percent. The prices for transportation and communication decreased 0.5 percent. The month-on-month prices for clothing, recreation, education, culture articles and services, and residence kept at the same level (the amount of change was 0). In view of residence, the prices of water, electricity and fuel dropped by 0.9 percent, of which, the price for liquefied petroleum gas went down by 6.1 percent.

 

Consumer Prices for June 2012_1

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

 

In June, food prices dropped by 1.6 percent month-on-month, contributing 0.53 percentage points to the month-on-month decrease of consumer prices. In June, prices for fresh vegetables decreased 15.2 percent, contributing 0.48 percentage points decrease in the overall price level; prices for meat, poultry and related products decreased 0.6 percent, narrowing 0.04 percentage points (the prices of pork down by 1.6 percent, affecting 0.05 percentage points decrease in the overall price level); prices for aquatic products decreased 0.5 percent, contributing 0.01 percentage points to the decrease of consumer prices; price for eggs, went up 11.4 percent, contributing 0.08 percentage points increase in the overall price level; price for grain increased 0.1 percent.

Non-food prices kept at the same level (the amount of change was 0) in June. Of which, the month-on-month prices for tobacco and liquor, household facilities, articles and maintenance services, health care and personal articles all increased 0.1 percent. The prices for transportation and communication decreased 0.5 percent. The month-on-month prices for clothing, recreation, education, culture articles and services, and residence kept at the same level (the amount of change was 0). In view of residence, the prices of water, electricity and fuel dropped by 0.9 percent, of which, the price for liquefied petroleum gas went down by 6.1 percent.

Consumer Prices for June 2012_2

Consumer Prices for June 2012_3

Consumer Prices for June 2012_4

Annotations:

1. Explanatory Notes

Consumer Price Index (CPI) is an index measuring changes over time in the price level of consumer goods and services purchased by residents, which comprehensively reflects the changes of price level.

2. Statistical Coverage

Consumer Price Index (CPI) covers the prices of goods and services of eight categories and 262 basic divisions which cover the living consumption of urban and rural residents, including food; tobacco, liquor and articles; clothing; household facilities, articles and maintenance services; health care and personal articles; transportation and communication; recreation, education, culture articles and services and residence. Data are collected from 63,000 prices collection units in 500 cities and counties of the 31 provinces (autonomous regions and municipalities), which cover grocery stores, department stores, supermarkets, convenience stores, professional markets, franchise houses, shopping centers, open fairs and service consuming units etc.

3. Survey Methods

The prices collection units are selected and determined by sample survey methods, and the original data of consumer prices are collected by specific person in fixed place at fixed time.

 
 
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