China's Inflation Rate Down to 3.2% in February


In February, the consumer price index (CPI) went up by 3.2 percent year-on-year. The food prices went up by 6.2 percent while the non-food prices increased by 1.7 percent. The prices of consumer goods went up by 3.9 percent and the prices of services grew by 1.5 percent.

In February, food prices went up by 6.2 percent year-on-year, contributing nearly 1.99 percentage points to the overall growth. Of which, the prices of grain rose by 5.4 percent, meaning 0.15 percentage points growth in the overall price level; meat, poultry and related products, surged 12.9 percent, contributing 0.90 percentage points (price of pork was up by 15.9 percent, contributing 0.50 percentage points); fresh vegetables, up 6.5 percent, contributing 0.21 percentage points; aquatic products, up 7.5 percent, meaning 0.18 percentage points growth in the overall price level; grease, increased 5.6 percent, contributing 0.07 percentage points; fresh fruits, down by 6.1 percent, contributing 0.14 percentage points declined of the overall price; and fresh eggs, decrease 10.6 percent, contributing 0.09 percentage points decrease of the overall price.

Prices for tobacco and liquor went up by 3.7 percent year-on-year, of which, that of liquor was up by 8.7 percent and tobacco was up by 0.4 percent.Prices for clothing rose by 3.8 percent year-on-year.Prices for health care and personal articles grew by 2.7 percent year-on-year. Prices for transportation and communication rose by 0.1 percent year-on-year. Prices for recreation, education, culture articles and services down by 0.4 percent year-on-year.

Prices for residence went up by 2.1 percent year-on-year. Of which, prices for house renting, up 2.5 percent, building and building decoration materials, up 2.3 percent, and water, electricity and fuel rose by 1.7 percent.

In February, the month-on-month change of consumer prices was down by 0.1 percent. Of which, prices in cities and rural went down by 0.1 percent simultaneously. The food prices decreased 0.3 percent, the non-food prices remained at the same level. The prices of consumer goods declined 0.1 percent, and the prices of services went down by 0.2 percent.


TradingEconomics.com, National Bureau of Statistics of China
3/9/2012 11:08:08 AM