Hefei CPI rose 0.3% year-on-year in October

The Hefei Investigation Team of the National Bureau of Statistics of China released data on November 12. In October 2024, the consumer price index in Hefei rose 0.3% year-on-year, a decrease of 0.4 percentage points from the previous month. In October, the consumer price index in Hefei fell 0.5% month-on-month, a decrease of 0.2 percentage points from the previous month.

Year-on-year: Fresh vegetable prices rose 42.2%

In October 2024, the consumer price index in Hefei rose 0.3% year-on-year, a decrease of 0.4 percentage points from the previous month. Among them, food prices rose 4.3%, non-food prices fell 0.5%; consumer goods prices rose 0.4%, and service prices rose 0.2%. On average from January to October, the overall level of consumer prices in Hefei rose 0.4% compared with last year.

In October, the prices of food, tobacco and alcohol rose 2.5% year-on-year, affecting the consumer price index (CPI) by about 0.71 percentage points. Among them, the price of fresh vegetables rose by 42.2%, affecting the CPI by about 0.67 percentage points; the price of aquatic products rose by 5.6%, affecting the CPI by about 0.10 percentage points; the price of fresh fruits rose by 5.3%, affecting the CPI by about 0.11 percentage points; the price of pork rose by 15.5%, affecting the CPI by about 0.19 percentage points; the price of eggs fell by 1.5%, affecting the CPI by about 0.01 percentage points.

The prices of the other seven categories rose by four and fell by three year-on-year. Among them, the prices of other goods and services, clothing, medical care, and housing rose by 4.5%, 2.4%, 1.8%, and 0.1% respectively; the prices of transportation and communications, daily necessities and services, and education, culture, and entertainment fell by 5.4%, 0.7%, and 0.2% respectively.

A month-on-month decrease of 0.5%, the decline widened

In October, the consumer price index of residents in Hefei fell by 0.5% month-on-month, and the decline widened by 0.2 percentage points from the previous month. Among them, food prices fell by 2.9%, non-food prices rose by 0.1%; consumer goods prices fell by 0.8%, and service prices remained the same as last month.

In October, food, tobacco and alcohol prices fell by 1.8% month-on-month, affecting the CPI by about 0.54 percentage points. As the weather turned cooler, the supply of leafy vegetables in the province and around Hefei improved, driving the prices of some fresh vegetables to fall. The price of fresh vegetables fell by 2.9%, affecting the CPI by about 0.07 percentage points; pork prices fell by 3.6%, affecting the CPI by about 0.05 percentage points; citrus fruits such as mandarin oranges and grapefruits were in sufficient supply in the market, and the price of fresh fruits fell by 10.3%, affecting the CPI by about 0.24 percentage points.

The prices of the other seven categories rose by five and fell by two month-on-month. Among them, the prices of other goods and services, clothing, housing, education, culture and entertainment, and daily necessities and services rose by 0.9%, 0.6%, 0.3%, 0.2%, and 0.1% respectively; the prices of transportation and communications and medical care fell by 0.7% and 0.1% respectively.