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Anhui's CPI up 1.2% in May

source:www.cnanhui.org release date:2018/06/13 hits:34

Anhui’s consumer price index (CPI), the main gauge of inflation, rose 1.2 percent year on year in May, up by 0.1 percentage points from a month earlier, data from the National Bureau of Statistics (NBS) showed on Tuesday.

Statistics also showed the eastern Chinese province’s CPI edged up 0.1 percent month on month in May.

Food prices dropped by 0.1 percent month on month. Pork prices decreased by 4.5 percent, vegetable prices by 6.7 percent and prices of aquatic products by 2.4 percent, collectively resulting in a 0.32 percentage points drop in the CPI. Fruit prices, on the contrary, rose 19.3 percent over a month ago, contributing to a rise of 0.3 percentage points in the price index.

On a yearly basis, pork prices fell 19.7 percent in May, a 16th consecutive month decline. Prices of fruits and aquatic products went down by 8.5 percent and 5.9 percent, respectively. The above three generated a 0.8 percentage points drop in the CPI.

Vegetable and egg prices surged 15.5 percent and 23.2 percent year on year, respectively, up from April’s 9.7 percent and 14.8 percent. They contributed to 0.4 percentage points in the CPI growth.

Non-food prices rose 0.3 percent month on month, resulting in a 0.18 percentage points rise in the price index.

Gasoline and diesel prices increased 3.7 percent and 4.3 percent from a month earlier, respectively. As summer clothes hit the market, garment prices edged up 1.1 percent month on month. Prices of plane tickets came down by 8.7 percent, and costs of travelling dropped 1.5 percent, due to a shrinkage of market demand after the May Day holiday.

Non-food prices edged up 1.7 percent year on year, compared to 1.5 percent in April. They resulted in a 1.19 percentage points rise in the price index.