Beijing CPI remained unchanged month-on-month in October, but year-on-year growth fell back

China News Service, Beijing, November 10 (Reporter Xu Jing) Data released by the Beijing Survey Team of the National Bureau of Statistics on the 10th showed that in October this year, Beijing’s consumer price index (CPI) remained unchanged month-on-month, and the year-on-year increase fell.

From a month-on-month perspective, Beijing's CPI remained flat in October from a 0.1% decrease in the previous month. Among them, food prices dropped by 0.5% from an increase of 0.3% in the previous month. Among food, the market supply is relatively sufficient, with the prices of fresh vegetables, eggs, and pork falling by 6%, 4.9%, and 0.7% respectively. The increase in the number of autumn fruits on the market has driven the price of fresh fruits to fall by 0.8% from a 1.5% increase in the previous month. Non-food prices increased by 0.1% from a decrease of 0.2% in the previous month. Among non-food products, the price of industrial consumer goods increased by 0.2%, a decrease of 0.2 percentage points from the previous month. Among them, under the influence of price changes in the international market, gasoline prices increased by 4.2%, and gold jewelry prices fell by 5.8%.

From a year-on-year perspective, Beijing's CPI rose by 0.2% in October, 0.4 percentage points lower than the previous month. Among them, food prices fell by 5.6%, a decline that expanded by 1.5 percentage points from the previous month. Among foods, the prices of fresh vegetables, fresh fruits and pork dropped by 22.5%, 12.8% and 11% respectively; the prices of eggs, beef and mutton increased between 7.8% and 11.2%. Non-food prices increased by 1.1%, a decrease of 0.2 percentage points from the previous month. Among non-food items, the price of industrial consumer goods increased by 2.3%, an increase of 0.1 percentage points from the previous month. Among them, the prices of gasoline and gold jewelry increased by 22.4% and 3.7% respectively.

Data show that in October, the ex-factory price of industrial producers in Beijing fell by 1.7% year-on-year and 0.8% month-on-month; the purchasing price of industrial producers increased by 1.4% year-on-year and 0.8% month-on-month. (over)