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China's CPI rose 2.9% year-on-year and 4.5% year-on-year in December

According to the website of the National Bureau of statistics, in December 2019, the national consumer price rose by 4.5% year-on-year. Among them, urban rose by 4.2% and rural rose by 5.3%; Food prices rose by 17.4%, and non food prices rose by 1.3%; Consumer goods prices rose 6.4% and service prices rose 1.2%.

In December, the national consumer prices were flat month on month. Among them, the urban areas were flat, and the rural areas decreased by 0.1%; Food prices fell by 0.4% and non food prices rose by 0.1%; The prices of consumer goods and services were flat.

In 2019, the national consumer price increased by 2.9% over the previous year.

Year on year changes in prices of various commodities and services

In December, the prices of food, tobacco and alcohol increased by 12.9% year-on-year, affecting the CPI (consumer price index) to rise by about 3.82 percentage points. In food, the price of livestock meat increased by 66.4%, affecting the CPI increase by about 2.94 percentage points, of which the price of pork increased by 97.0%, affecting the CPI increase by about 2.34 percentage points; The price of fresh vegetables increased by 10.8%, affecting the increase of CPI by about 0.26 percentage points; Egg prices rose by 6.2%, affecting CPI by about 0.04 percentage points; The price of aquatic products increased by 1.3%, affecting the CPI increase by about 0.02 percentage points; Grain prices rose by 0.6%, affecting CPI by about 0.01 percentage points; The price of fresh fruit decreased by 8.0%, affecting the decline of CPI by about 0.15 percentage points.

The prices of the other seven categories rose and fell year-on-year. Among them, the prices of other goods and services, medical care, education, culture and entertainment increased by 4.4%, 2.1% and 1.8% respectively, and the prices of clothing, housing, daily necessities and services increased by 0.8%, 0.5% and 0.4% respectively; Transportation and communication prices fell by 0.7%.

Month on month changes in prices of various commodities and services

In December, the prices of food, tobacco and alcohol decreased by 0.2% month on month, affecting the decline of CPI by about 0.05 percentage points. In food, the price of eggs decreased by 4.7%, affecting the decline of CPI by about 0.03 percentage points; The price of livestock meat decreased by 3.8%, affecting the CPI by about 0.28 percentage points, of which the price of pork decreased by 5.6%, affecting the CPI by about 0.27 percentage points; The price of fresh vegetables increased by 10.6%, affecting the increase of CPI by about 0.25 percentage points; Fresh fruit prices rose by 0.6%, affecting CPI by about 0.01 percentage points.

The prices of the other seven categories rose by four, leveled by one and fell by two. Among them, the prices of transportation, communication and medical care increased by 0.2%, and the prices of housing, daily necessities and services increased by 0.1%; The prices of education, culture and entertainment are flat; The prices of clothing, other supplies and services decreased by 0.1%.