Consumer Price Index for February 2024 - National Bureau of Statistics of China
Consumer Price Index for February 2024
In February 2024, the national consumer price index (CPI) increased by 0.7 percent year on year. Among them, the price in urban areas increased by 0.8 percent and the price in rural areas increased by 0.5 percent; the price for food decreased by 0.9 percent, while for nonfood increased by 1.1 percent; prices for consumer goods decreased by 0.1 percent and for services increased by 1.9 percent. From January to February, on average, the national CPI maintained the same as the same period last year.
In February, the national CPI increased by 1.0 percent month on month. Among them, the price in urban areas increased by 1.1 percent and the price in rural areas increased by 0.9 percent; the price for food increased by 3.3 percent, while for nonfood increased by 0.5 percent; prices for consumer goods increased by 1.1 percent and for services increased by 1.0 percent.
I. Year-on-Year Changes of Prices for Different Categories
In February, prices for food, tobacco and liquor decreased by 0.1 percent year on year, affecting the CPI decreased by about 0.03 percentage point. Among food categories, prices for eggs decreased by 5.1 percent, affecting the CPI decreased by about 0.03 percentage point; prices for fresh fruits decreased by 4.1 percent, affecting the CPI decreased by about 0.09 percentage point; the price for meat of livestock decreased by 2.9 percent, affecting the CPI decreased by about 0.09 percentage point; prices for aquatic products increased by 4.1 percent, affecting the CPI increased by about 0.08 percentage point; prices for fresh vegetables increased by 2.9 percent, affecting the CPI increased by about 0.07 percentage point; the price for grain increased by 0.3 percent, affecting CPI increased by about 0.01 percentage point.
Prices for other seven major categories increased six and decreased one year on year. Among them, prices for education, culture and recreation, miscellaneous goods and services, and clothing increased by 3.9, 3.0 and 1.6 percent respectively; prices for health care and medical services, household facilities, articles and services, and residence increased by 1.5, 0.5 and 0.2 percent respectively; the price for transportation and telecommunication decreased by 0.4 percent.
II. Month-on-Month Changes of Prices for Different Categories
In February, prices for food, tobacco and liquor increased by 2.2 percent month on month, affecting the CPI increased by about 0.63 percentage point. Among food categories, prices for fresh vegetables increased by 12.7 percent, affecting the CPI increased by about 0.28 percentage point; prices for aquatic products increased by 6.2 percent, affecting the CPI increased by about 0.12 percentage point; prices for fresh fruits increased by 4.3 percent, affecting the CPI increased by about 0.09 percentage point; the price for meat of livestock increased by 3.4 percent, affecting the CPI increased by about 0.10 percentage point, of which the price for pork increased by 7.2 percent, affecting the CPI increased by about 0.09 percentage point; prices for eggs decreased by 2.2 percent, affecting the CPI decreased by about 0.01 percentage point.
Prices for other seven major categories increased three, leveled one and decreased three month on month. Among them, prices for education, culture and recreation, transportation and telecommunication, and health care and medical services increased by 1.7, 1.6 and 0.4 percent respectively; the price for residence maintained the same; prices for household facilities, articles and services, clothing, and miscellaneous goods and services decreased by 0.5, 0.2 and 0.2 percent respectively.
Consumer Price Index in February 2024
|
Growth Rate M/M (%) |
Growth Rate Y/Y (%) |
Jan-Feb Growth Rate Y/Y (%) |
|
| Consumer Price Index | 1.0 | 0.7 | 0.0 |
| Of which: Urban | 1.1 | 0.8 | 0.0 |
| Rural | 0.9 | 0.5 | -0.2 |
| Of which: Food | 3.3 | -0.9 | -3.4 |
| Non-food | 0.5 | 1.1 | 0.7 |
| Of which: Consumer goods | 1.1 | -0.1 | -0.9 |
| Services | 1.0 | 1.9 | 1.2 |
| Of which: Excluding food and energy | 0.5 | 1.2 | 0.8 |
| By commodity categories | |||
| I. Food, tobacco and liquor | 2.2 | -0.1 | -1.9 |
| Grain | -0.1 | 0.3 | 0.4 |
| Edible oil and fats | -0.6 | -5.4 | -5.2 |
| Fresh vegetables | 12.7 | 2.9 | -5.1 |
| Meat of livestock | 3.4 | -2.9 | -7.4 |
| Of which: Pork | 7.2 | 0.2 | -9.1 |
| Beef | -0.3 | -6.9 | -7.3 |
| Mutton | 1.3 | -4.2 | -5.0 |
| Aquatic products | 6.2 | 4.1 | 0.4 |
| Eggs | -2.2 | -5.1 | -5.8 |
| Milk and other dairy products | -0.4 | -1.5 | -1.2 |
| Fresh fruits | 4.3 | -4.1 | -6.6 |
| Cigarettes | 0.1 | 1.3 | 1.3 |
| Liquor | -0.9 | -1.3 | -0.7 |
| II. Clothing | -0.2 | 1.6 | 1.6 |
| Garments | -0.2 | 1.6 | 1.7 |
| Footwear | 0.0 | 1.2 | 1.3 |
| III. Residence | 0.0 | 0.2 | 0.3 |
| Rent of rental housing | 0.0 | 0.0 | 0.1 |
| Water, electricity and fuels | 0.0 | 0.3 | 0.3 |
| IV. Household facilities, articles and services | -0.5 | 0.5 | 0.7 |
| Home appliances | 0.0 | -0.1 | -0.2 |
| Household services | -1.7 | 2.0 | 2.0 |
| V. Transportation and telecommunication | 1.6 | -0.4 | -1.4 |
| Transport facility | 0.1 | -5.4 | -5.5 |
| Fuels for transport facility | 1.9 | 0.8 | 0.3 |
| Use and maintenance of transport facility | 2.6 | 2.9 | 0.9 |
| Communication facilities | -1.1 | -2.1 | -1.9 |
| Telecommunication services | 0.0 | -0.4 | -0.3 |
| Postal services | -0.1 | -0.1 | -0.2 |
| VI. Education, culture and recreation | 1.7 | 3.9 | 2.6 |
| Education services | 0.0 | 1.7 | 1.7 |
| Touring | 13.1 | 23.1 | 12.1 |
| VII. Health care and medical services | 0.4 | 1.5 | 1.4 |
| Traditional Chinese medicines | 0.1 | 5.9 | 6.0 |
| Western medicines | 0.0 | -0.3 | -0.3 |
| Medical services | 0.6 | 1.6 | 1.4 |
| VIII. Miscellaneous goods and services | -0.2 | 3.0 | 2.9 |
Annotations:
1. Explanatory Notes
The consumer price index (CPI) is a relative number that measures changes in the price level of consumer goods and services over time, and comprehensively reflects changes in the price levels of consumer goods and services purchased by residents.
2. Statistical Coverage
The consumer price index (CPI) covers the prices of goods and services of 8 categories and 268 basic divisions which cover the living consumption of urban and rural residents, including food, tobacco and liquor; clothing; residence; household facilities, articles and services; transportation and telecommunication; education, culture and recreation; health care and medical services; miscellaneous goods and services.
3. Survey Methods
Sampling survey methodology is adopted to select and determine survey sites, and according to the principle of "fixed person, fixed point and fixed time", statisticians are directly sent to the survey sites or collect the original price from the Internet. The data comes from about 500 cities and counties in 31 provinces (autonomous regions and municipalities) and nearly 100,000 price survey sites, including shopping malls (stores), supermarkets, farmers' markets, service outlets and internet e-commerce.
4. Data Description
Due to rounding-off, the aggregate data may be equal to the high or low value of the classified data.
