Ningbo's CPI in January and February up by 2.6%
- Details
- Category: Governmental News
- Published: Tuesday, 20 March 2012 13:15
According to the statistics released on March 16 by the Survey Office of National Bureau of Statistics in Ningbo, Ningbo's CPI in January and February increased by 2.6% year on year. The increase dropped by 2.9% compared with last year. It is estimated that the tail-raising factors account for 0.9% of the increase and new price-rising factors account for 1.7%, about 90% of which attribute to the rise of food price.
Among the eight price categories, the increase of food price is the main driving force of the rise. Food price increases by 10.7% compared with last year, contributing to the 3.1% rise of the index. As the main items with rising prices are "vegetable basket" commodities, the rise feels tangible for residents. To be specific, with the rainy days after the Spring Festival, instead of dropping as usual, the price of fresh vegetables maintained a high 24.3% rise. In addition, the price of aquatic products rose by 16.9% and meat and poultry products by 15.5%.
Housing price rose by 1.0% influenced by the housing rental peak after the Spring Festival. The price of household equipment and maintenance service went up by 4.0% and that of health care and personal products up by 2.9%. The price of tobacco and liquor increased by 1.9% and that of transport and communication went up by 0.1%. The price of garment decreased by 0.6% due to the big discount of down garments by major shopping malls after the Spring Festival. With the vanishing of the festival influence, the price of entertainment and educational products and services dropped by 7.7%.
