Business Intelligence on Retailing, Franchising, and Consumerism in China

China's CPI Rises 4.9% In January

In January 2011, consumer price index rose by 4.9% over the same period of the previous year, according to the National Bureau of Statistics of China.

Urban area and rural areas were up by 4.8% and 5.2%, respectively. Compared with December 2010, CPI increased 1.0%.

The price of foodstuff increased 10.3% year-on-year. Of the total, the price of grain, poultry and their products, fresh eggs, aquatic products, fresh vegetables and fresh fruits rose by 15.1, 10.9, 20.2, 11.1, 2.0 and 34.8% respectively.

The price of tobacco and alcohol jumped by 1.8% over the same period of the previous year. Of which, the price of tobacco and alcohol rose by 0.4 and 4.3% respectively.

However, the price of transportation and communication dropped 0.1% year-on-year. Of which, the price of vehicles dropped 1.3%; that of vehicles fuel and spares increased 7.0%; that of using and maintaining of vehicles rose by 2.3%; that of intercity transportation up by 3.7%; that of urban transportation increased 0.7%; and that of telecommunication tools fell 12.8%.

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