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Anhui's CPI Growth Continues to Slow down in March

Pub Date:2020-04-14 10:21 Source:www.cnanhui.org

Anhui’s consumer price index (CPI), a main gauge of inflation, rose 4.0 percent year-on-year in March, down from a 5.0 percent increase in February, the National Bureau of Statistics (NBS) said on Monday.

Food prices climbed 12.4 percent from the same period last year, contributing to 3.85 percentage points of the CPI growth. Pork prices surged 101.1 percent, contributing to 2.62 percentage points of the growth, while vegetable prices and fruit prices fell 3.5 percent and 11.3 percent year-on-year, bringing the CPI down by 0.12 percentage point and 0.21 percentage point, respectively.

Non-food prices edged up 0.7 percent. Among them, prices of education, culture and entertainment increased 2.3 percent. Prices of medical care went up 1.5 percent. Housing prices rose 0.2 percent. Prices of daily necessities and services edged up 0.1 percent. In addition, prices of transport and communication declined 3.7 percent, and garment prices dropped 0.5 percent.

The CPI in the province’s urban areas grew 3.6 percent, while that in the rural areas rose 4.6 percent.

Prices of consumer goods increased 5.6 percent, and service prices rose 1.2 percent.

On a monthly basis, the CPI declined 1.5 percent in March.

Food prices went down 5.4 percent month-on-month, and non-food prices decreased 0.2 percent, according to the NBS.

Transportation and logistics resumed in March as the COVID-19 epidemic receded, pushing up the supply of various kinds of food.

Vegetable prices fell 12.2 percent from February, and pork prices came down 11.6 percent, contributing to the CPI decline by 0.42 percentage point and 0.65 percentage point, respectively.

Medical care prices edged up 0.1 percent. Housing prices dropped 0.2 percent.

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