China News Service, February 8. According to the website of the National Bureau of Statistics, in January 2024, affected by the holiday effect, residents' consumer demand continued to increase, and the national consumer price increased by 0.3% month-on-month. It has increased for two consecutive months, and the increase was higher than that of the previous month. expanded by 0.2 percentage points. Among them, urban prices increased by 0.3% and rural areas increased by 0.2%; food prices increased by 0.4% and non-food prices increased by 0.2%; consumer goods prices increased by 0.2% and service prices increased by 0.4%.
In January, affected by the high base of the Spring Festival in the same month last year, the national consumer price fell by 0.8% year-on-year. Among them, urban prices dropped by 0.8% and rural prices dropped by 0.8%; food prices dropped by 5.9% and non-food prices increased by 0.4%; consumer goods prices dropped by 1.7% and service prices increased by 0.5%. Among the year-on-year changes in the CPI (Consumer Price Index) of -0.8% in January, the tailing impact was approximately -1.1 percentage points; the new impact of this year’s price changes was approximately 0.3 percentage points.
Screenshot of the National Bureau of Statistics website
Month-on-month changes in prices of various goods and services
In January, the prices of food, tobacco and alcohol increased by 0.3% month-on-month, affecting the CPI increase by about 0.09 percentage points. In food, due to the cold wave weather and the increase in consumer demand as the Spring Festival approaches, the price of fresh vegetables increased by 3.8%, affecting the CPI increase by approximately 0.08 percentage points; the price of aquatic products increased by 2.6%, affecting the CPI increase by approximately 0.05 percentage points. All regions actively increased the supply of people's livelihood commodities. The price of eggs fell by 1.5%, affecting the CPI to fall by about 0.01 percentage points; the price of fresh fruits fell by 0.5%, affecting the CPI to fall by about 0.01 percentage points; the price of livestock and meat fell by 0.5%, affecting the CPI to fall by about 0.01 percentage points. percentage point.
The prices of the other seven major categories increased in five from the previous month, stayed flat and fell. Among them, the prices of other supplies and services, daily necessities and services, education, culture and entertainment increased by 1.1%, 1.0% and 0.7% respectively, the prices of transportation and communication, and medical care all increased by 0.1%; the price of housing remained unchanged; the price of clothing decreased by 0.3%.
Screenshot of the National Bureau of Statistics website
Year-on-year changes in prices of various goods and services
In January, the prices of food, tobacco and alcohol fell by 3.6% year-on-year, affecting the CPI to fall by about 1.04 percentage points. In food, due to the high comparison base in the same period last year, the price of fresh vegetables fell by 12.7%, affecting the CPI to fall by about 0.32 percentage points; the price of livestock and meat fell by 11.6%, affecting the CPI to fall by about 0.39 percentage points, of which the price of pork fell by 17.3%. It affected the CPI to fall by about 0.25 percentage points; the price of fresh fruits fell by 9.1%, affecting the CPI to fall by about 0.21 percentage points; the price of eggs fell by 6.4%, affecting the CPI to fall by about 0.05 percentage points; the price of aquatic products fell by 3.4%, affecting the CPI to fall by about 0.07 percentage points. percentage point.
The prices of the other seven major categories increased six times and fell one year on year. Among them, the prices of other supplies and services and clothing increased by 2.9% and 1.6% respectively; the prices of education, culture, entertainment, and medical care increased by 1.3%; the prices of daily necessities and services and housing increased by 1.0% and 0.3% respectively; the prices of transportation and communication dropped by 2.4%. .
Screenshot of the National Bureau of Statistics website