City’s CPI rises 2.1% in June
2020-07-17 Source:Hangzhou China

People who do grocery shopping regularly may find that vegetable and pork prices increased a little in June. The consumer price index in Hangzhou rose 2.1% YoY in June, compared to 1.6% in May, according to the National Bureau of Statistics. “The rising vegetable and pork prices are driving the index up,” according to an official.


In June, food prices rose 9.6%, and ex-food prices rose 0.6%; consumer product prices rose 2.5% and service prices rose 1.6%. The June CPI rose 0.1% MoM, compared to an increase of 0.9% in May; food prices rose 0.5% MoM and ex-food prices remained flat; consumer product prices rose 0.2% and service prices fell 0.2%.


The prices of foods, cigarettes and wines rose 7.3%, driving up the index by 2.04 percentage points. Specifically, meat prices rose 52.1%, driving up the index by 1.75 percentage points (pork up 65%, driving up the index by 1.32 percentage points); vegetable prices rose 6.3%, driving up the index by 0.14 percentage point; aqua product prices rose 1.3%, driving up the index by 0.03 percentage point; egg prices fell 5.7%, driving down the index by 0.02 percentage point; fruit prices fell 25.8%, driving down the index by 0.54 percentage point.


Healthcare prices rose 5.3%; prices of other products and services rose 5.2%; prices of daily necessities and services rose 4.6%; prices of education culture and entertainment rose 0.8%; transportation and telecommunication prices fell 4.8%; clothes prices fell 0.8%; housing prices fell 0.3%.

“There was plenty of rain in June, causing the rise of vegetable prices. The start of new semesters in colleges and reopening of restaurants increase the demand for pork and therefore the price hike. Another reasons the rise of fuel prices,” said the official.


The prices of foods, cigarettes and wines rose 0.3%, driving up the index by 0.1 percentage point. Specifically, vegetable prices rose 8.5%, driving up the index by 0. 18 percentage point; meat prices rose 0.7%, driving up the index by 0.04 percentage point (pork prices rose 1.6%, driving up the index by 0.05 percentage point); egg prices fell 2.1%, driving down the index by 0.01 percentage point; aqua product prices fell 2.3%, driving down the index by 0.06 percentage point; fruit prices fell 3.1%, driving down the index by 0.05 percentage point.


Clothes prices rose 0.1%; daily necessities and services rose 0.1%; education culture and entertainment fell 0.3%; other products and services fell 0.1%; housing, transportation and telecommunication remained flat.


Produced By 大汉网络 大汉版通发布系统