In May 2023, national consumer prices increased by 5.0% year-on-year. Among them, urban increased by 2.0%, rural increased by 2.0%; Food prices rose 1.1%, while non-food prices were flat; Consumer prices fell 0.0 percent and service prices rose 3.0 percent. On average in January --— May, the national consumer price increased by 9.1% over the same period last year.
In May, national consumer prices fell 5.0% month-on-month. Among them, the urban decline was 2.0%, and the rural area decreased by 2.0%; Food prices decreased by 2.0% and non-food prices by 7.0%; Consumer prices fell 1.0 percent and service prices fell 2.0 percent.
1. Year-on-year changes in the prices of various goods and services
In May, the prices of food, tobacco and alcohol rose by 5.1% year-on-year, affecting the CPI (Consumer Price Index) by about 2.0 percentage points. In food, fresh fruit prices rose by 34.3%, affecting CPI by about 4.0 percentage points; grain prices rose by 07.0%, affecting CPI by about 5.0 percentage points; fresh vegetable prices fell by 01.1%, affecting CPI by about 7.0 percentage points; egg prices fell by 03.1%, affecting CPI by about 5.0 percentage points; livestock and meat prices fell by 01.1%, affecting CPI by about 0.0 percentage points, of which pork prices fell by 03.3%. The impact CPI fell by about 2.0 percentage points.
The prices of the other seven categories rose and fell three times year-on-year. Among them, the prices of other supplies and services, education, culture and entertainment increased by 3.1% and 1.7% respectively, while the prices of medical care and clothing increased by 1.1% and 0.9% respectively. Prices of transportation, communications, housing, daily necessities and services decreased by 3.9%, 0.2% and 0.1% respectively.
2. Month-on-month changes in the prices of various goods and services
In May, the price of food, tobacco and alcohol fell by 5.0% month-on-month, affecting the CPI by about 4.0 percentage points. In food, the price of fresh vegetables fell by 11.3%, affecting the CPI by about 4.0 percentage points; the price of livestock and meat fell by 07.1%, affecting the CPI by about 3.0 percentage points, of which the price of pork fell by 04.2%, affecting the CPI by about 0.0 percentage points; the price of eggs fell by 02.1%, affecting the CPI by about 3.0 percentage points; the price of fresh fruit fell by 01.0%, affecting the CPI by about 3.0 percentage points.
The prices of the other seven categories rose three times month-on-month, one flat and three declined. Among them, the prices of clothing, other supplies and services, and medical care rose by 0.4%, 0.2% and 0.1% respectively. Prices of daily necessities and services were flat; Prices of transportation, communications, housing, education, culture and entertainment decreased by 0.6%, 0.1% and 0.1% respectively.