In October, Hubei CPI rose 4.1% year-on-year, and October-October rose 2.8%
- Published: November 12, 2019
- Source: Hubei Daily
Hubei Daily (Reporter Li Jianjun, correspondent Yang Xia) On November 11, the Hubei Investigation Team of the National Bureau of Statistics released the news: In October, the consumer price (CPI) in Hubei rose by 4.1% year-on-year, driven by a sharp rise in pork and other food prices. The increase was 0.7 percentage points higher than the previous month, the highest level since February 2012. Among them, urban CPI rose by 4.0%, and rural areas rose by 4.4%; food prices (excluding tobacco, alcoholic beverages, etc.) rose by 15.8%, non-food prices rose by 1.2%; consumer goods prices rose by 5.4%, and service prices rose by 1.8%. From January to October, the cumulative CPI of Hubei rose by 2.8% year-on-year.
Compared with the same period of last year, in October, the prices of eight major categories of goods in the province rose by "seven and one down", among which the prices of food, tobacco and alcohol rose by 11.3%, the prices of other supplies and services rose by 4.8%, the prices of education, culture and entertainment rose by 2.0%, and medical care Prices increased by 1.8%, residential prices increased by 1.5%, clothing prices increased by 1.0%, prices of daily necessities and services increased by 0.4%, and transportation and communications prices decreased by 2.2%.
Looking at the month-on-month comparison, last month, the prices of eight major commodities in the province "six ups and two flats", CPI rose 1.0%, a decrease of 0.3 percentage points from last month. Among them, cities rose 0.9%, rural areas rose 1.1%; food prices rose 4.0%, non-food prices rose 0.1%; consumer goods prices rose 1.4%, and clothing prices rose 0.3%.
The sharp rise in food prices is the main reason for the CPI rise in October, which affected the CPI rise by about 3.1 percentage points, accounting for 75.6% of all the rise factors. Affected by the ongoing epidemic of swine fever and inadequate production capacity of pigs, the prices of pork and its by-products increased rapidly. Among them, the prices of pork, edible animal oil and livestock by-products rose by 96.5%, 46.6%, and 39.5% year-on-year, respectively. The percentage of impact is 67.1%. On a month-on-month basis, the prices of pork, animal by-products, and edible animal oil rose by 18.5%, 14.2%, and 12.0%, respectively, but the growth rates were significantly narrower than last month.
Under the influence of the consumption substitution effect, the prices of other meat substitutes such as beef, mutton, poultry, etc. increased significantly. The prices of beef, chicken, mutton, other animal meat and products, and duck increased by 22.2%, 19.3%, 17.3%, 13.6%, and 10.0 respectively %. The prices of fresh fruits continued to fall, rising by 2.5% year-on-year in October, and basically returned to normal levels.
In the first 10 months, Hubei ’s CPI rose 0.2 percentage points higher than the national average, ranking third in the country and first in the central region, behind Guangxi (3.4%) and Guangdong (3.0%). In October, Hubei ’s CPI rose 0.3 percentage points higher than the national average year-on-year, ranking sixth in the country and second in the central region, behind Sichuan (5.2%), Guangxi (4.7%), Guangdong (4.6%), and Shandong (4.3%). ) And Henan (4.2%).