In September 2021, China’s Consumer Price Index (CPI) increased by 0.7 percent year on year. The prices in urban and rural areas rose by 0.8% and 0.2% respectively.
The prices of food stuff fell by 5.2% and non-foodstuff rose by 2 percent; the prices of consumer goods and services rose by 0.2% and 1.4% respectively.
In September, the prices of food, tobacco and alcohol decreased by 2.8 percent year-on-year, affecting the CPI to decline by about 0.79 percentage point.
Among foodstuff:
- the price of livestock meat decreased by 28.5 percent, affecting the CPI down by about 1.26 percentage points,
- he price of pork decreased by 46.9 percent, affecting the CPI down by about 1.12 percentage points
- the price of fresh vegetables decreased by 2.5 percent, affecting the decline of CPI by about 0.05 percentage point
- the price of fresh fruit decreased by 0.8 percent, affecting the decline of CPI by about 0.01 percentage point;
- egg prices rose by 12.6 percent, affecting CPI up by about 0.08 percentage point;
- the price of aquatic products increased by 9.8 percent, affecting the CPI increase by about 0.18 percentage point;
- grain prices rose by 0.7 percent, affecting CPI up by about 0.01 percentage point.
China Consumer Price in 2020
In 2020, the consumer price went up by 2.5% over last year, lower than the 2.9% growth in 2019 and also lower than the expected annual target of around 3.5%.
Specifically, the price went up by 2.3% in urban areas and 3.0% in rural areas.
Grouped by commodity categories:
- prices for food, tobacco and alcohol went up by 8.3 percent;
- clothing down by 0.2 percent; housing down by 0.4 percent;
- articles and services for daily use remained the same;
- transportation and communication down by 3.5 percent;
- education, culture and recreation up by 1.3 percent;
- medical services and health care up by 1.8 percent; and
- other articles and services up by 4.3%.
- prices for grain went up by 1.2%, fresh vegetables up by 7.1% and pork up by 49.7%.
Core CPI excluding the prices of food and energy went up by 0.8%.