China's Inflation Rate Down to 1.9 Percent in September


In September, the consumer price index (CPI) in China went up by 1.9 percent year-on-year. The prices grew by 2.0 percent in cities and 1.7 percent in rural areas. The food prices went up by 2.5 percent, while the non-food prices increased by 1.7 percent. The prices of consumer goods went up by 1.8 percent and the prices of services grew by 2.3 percent.

In September, the month-on-month change of consumer prices was up by 0.3 percent, prices in cities went up 0.3 percent, and rural areas grew 0.4 percent. The food prices increased 0.2 percent, the non-food prices increased 0.4 percent. The prices of consumer goods increased 0.4 percent, and the prices of services increased 0.3 percent.

Prices for tobacco and liquor went up by 2.4 percent year-on-year, of which, that of liquor was up by 5.1 percent and tobacco was up by 0.5 percent. Prices for clothing rose by 3.4 percent year-on-year. The prices for clothes went up by 3.7 percent while the prices for shoes increased 2.3 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 9.7 percent, and durable consumer goods was up by 0.1 percent. Prices for health care and personal articles grew by 1.4 percent year-on-year. Of which, prices for traditional Chinese herbal medicines and proprietary Chinese medicines, up by 2.5 percent, medical apparatus and supplies increased 1.8 percent, health care services, up by 0.8 percent, and western medicine went up by 0.5 percent. Prices for transportation and communication dropped 0.2 percent year-on-year. Of which, communication facilities, down by 11.4 percent, transportation facilities dropped by 1.0 percent, vehicles use and maintenance, up by 5.1 percent, prices for fuels and parts for vehicles, up by 1.2 percent, and inter-city traffic fares, up by 1.1 percent. Prices for recreation, education, culture articles and services grew by 1.0 percent year-on-year. Of which, education service, up 2.6 percent, recreation and culture, up 2.0 percent, touring and outing, up 1.6 percent, durable consumer goods for recreational and cultural use and services, down by 5.0 percent. Prices for residence went up by 2.3 percent year-on-year. Of which, prices for house renting, up 3.2 percent, water, electricity and fuel, up 3.2 percent, and building and building decoration materials rose by 0.2 percent.

According to estimation, in the 1.9 percent growth in September, the carryover effect of last year’s prices rising accounted for 0.2 percentage points, while new prices rising factors in this year accounted for 1.7 percentage points.


TradingEconomics.com, National Bureau of Statistics of China
10/15/2012 10:13:58 AM