China Annual Inflation Down to 2.1% in March


In March, the consumer price index went up by 2.1 percent year-on-year. The prices grew by 2.0 percent in cities and 2.2 percent in rural areas. The food prices went up by 2.7 percent, while the non-food prices increased by 1.8 percent. The prices of consumer goods went up by 1.7 percent and the prices of services grew by 3.1 percent.

March, food prices went up by 2.7 percent year-on-year, affecting nearly 0.88 percentage points increase in the overall price level. Of which, the prices of meat, poultry and related products went up by 2.9 percent, affecting nearly 0.22 percentage points increase in the overall price level; grain, up by 5.2 percent; fresh fruits, up by 5.0 percent; fresh vegetables, down by 10.3 percent, meaning 0.37 percentage points decrease in the overall price level.

Prices for tobacco and liquor went up by 1.0 percent year-on-year, of which, that of liquor was up by 1.6 percent and tobacco was up by 0.5 percent. Prices for clothing rose by 2.3 percent year-on-year. The prices for clothes went up by 2.4 percent while the prices for shoes increased 1.7 percent.
 
Prices for household facilities, articles and maintenance services went up by 1.6 percent year-on-year, of which, prices for household services and processing, maintenance services, up by 9.9 percent, and durable consumer goods up by 0.2 percent.
 
Prices for health care and personal articles grew by 1.7 percent year-on-year. Of which, prices for traditional Chinese herbal medicines and proprietary Chinese medicines, up by 2.5 percent, health care services, up by 1.5 percent, medical apparatus and supplies increased 0.8 percent, and western medicine went up by 0.1 percent.
 
Prices for residence went up by 2.9 percent year-on-year. Of which, prices for house renting, up by 3.7 percent, water, electricity and fuel, up by 2.2 percent, building and building decoration materials rose by 0.9 percent.

National Bureau of Statistics of China | Nuno Fontes | nuno@tradingeconomics.com
4/15/2013 9:32:21 AM