In July, Consumer Prices Rose By 2.7% Year-On-Year And 0.6% Month On Month

In July 2020, the national consumer price rose by 2.7% year on year. Among them, urban prices rose by 2.4%, rural areas by 3.7%; food prices rose by 13.2%, non food prices remained unchanged; consumer goods prices rose by 4.3%, and service prices remained flat. From January to July, the national consumer price rose by 3.7% over the same period last year.

Consumer prices rose 0.0% month on month in July. Among them, the price of food increased by 8.0%, while the price of non service goods increased by 8.0%, while the price of non service goods increased by 8.0%.

I. year on year changes in prices of various goods and services

The CPI rose by 3.07% year-on-year, affecting the consumer price of food. In food, the rise of livestock and meat prices by 61.1% has an impact on the rise of CPI by about 2.90%, of which the rise of pork price by 85.7% affects the rise of CPI by about 2.32%; the rise of fresh vegetable price by 7.9% affects the rise of CPI by about 0.19%; the rise of aquatic product price by 4.7% affects the rise of CPI by about 0.09%; the rise of grain price by 1.6% affects the rise of CPI by about 0.03%; the price of fresh fruits increases by 0.03% The decrease of 27.7% affected CPI decrease by 0.60%; egg price decreased by 14.5%, which affected CPI decrease by 0.09%.

Prices of the other seven categories rose three times and fell four times. Among them, the prices of other goods and services, medical care, education, culture and entertainment increased by 5.1%, 1.6% and 0.3%, respectively; the prices of transportation, communication and housing decreased by 4.4% and 0.7%, and the prices of clothing, daily necessities and services decreased by 0.5% and 0.1% respectively.

2. Month on month changes in prices of various goods and services

In July, the price of food, tobacco and alcohol rose by 2.0% month on month, affecting the CPI to rise by about 0.63%. In food, the rise of 7.4% in the price of livestock and meat affected the rise of CPI by about 0.51 percentage points, of which the rise of pork price by 10.3% affected the rise of CPI by about 0.46%; the rise of fresh vegetable price by 6.3% affected the rise of CPI by about 0.15%; the rise of egg price by 3.1% affected the rise of CPI by about 0.02%; the rise of aquatic product price by 0.4% affected the rise of CPI by about 0.01%; the price of fresh fruit increased by 0.01% 4%, which affected the CPI decrease by about 0.07%.

Other seven categories of prices rose two times, three flat and two fell. Among them, the prices of other supplies and services, transportation and communications increased by 0.8% and 0.3% respectively; the prices of housing, daily necessities and services and medical care were flat; the prices of clothing, education, culture and entertainment decreased by 0.5% and 0.2% respectively.