Metals News
Consumer prices rose 2.7% in June 2019 from a year earlier
The content below was translated by Tencent automatically for reference.

SMM News: in June 2019, consumer prices rose 2.7 per cent year-on-year. Of this total, both urban and rural areas rose 2.7 per cent; food prices rose 8.3 per cent and non-food prices rose 1.4 per cent; consumer prices rose 3.2 per cent and service prices rose 1.8 per cent. In the first half of the year, consumer prices rose 2.2 percent over the same period last year.

In June, consumer prices across the country fell 0.1 percent from a month earlier. Of these, urban prices fell by 0.1%, rural areas by 0.2%, food prices by 0.3%, non-food prices by 0.1%, consumer prices by 0.2%, and service prices by 0.1%.

I. year-on-year changes in the prices of all kinds of goods and services

In June, food, tobacco and alcohol prices rose 6.1% from a year earlier, affecting the CPI (consumer price index) rose about 1.79%. Among them, fresh fruit prices rose by 42.7%, affecting CPI by about 0.71%, livestock meat prices by 14.4%, affecting CPI by about 0.59% (pork prices rose by 21.1%, affecting CPI by about 0.45%), poultry meat prices by 7.4%, affecting CPI by about 0.09%, egg prices by 6.1%, affecting CPI by about 0.03%. Fresh vegetable prices rose 4.2%, affecting CPI rose by about 0.10%; grain prices increased by 0.6%, affecting CPI rose by about 0.01%; aquatic prices decreased by 0.5%, affecting CPI decreased by about 0.01%.

The other seven categories of prices are up and down from a year earlier. Of this total, the prices of other supplies and services, health care, education, culture and entertainment increased by 2.7 per cent, 2.5 per cent and 2.4 per cent, respectively, while the prices of clothing, housing, daily necessities and services rose by 1.8 per cent, 1.6 per cent and 0.8 per cent, respectively, while transport and communications prices fell by 1.9 per cent.

II. Month-on-month changes in the prices of various types of goods and services

In June, the price of food, tobacco and alcohol fell 0.2% from a month earlier, affecting CPI by about 0.05%. Among them, the price of fresh vegetables decreased by 9.7%, affecting CPI by about 0.25%, egg price by 2.6%, CPI by about 0.01%, aquatic product price by 0.9%, CPI by about 0.02%, fresh fruit price by 5.1%, CPI by about 0.11%. Livestock meat prices rose 2.2 per cent, affecting CPI rose by about 0.10 percentage points (pork prices rose 3.6 per cent, affecting CPI rose about 0.09 percentage points); poultry meat prices rose 0.7 per cent, affecting CPI rose by about 0.01 percentage points.

The other seven categories of prices rose three times over the previous month and fell two levels. Of these, the prices of other supplies and services and health care increased by 0.6 per cent and 0.3 per cent, respectively; the prices of transport and communications, clothing, daily necessities and services fell by 0.7 per cent, 0.1 per cent and 0.1 per cent, respectively; and the prices of housing, education, culture and entertainment were all flat.

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