CPI of July up by 1.6%

Category: Governmental News
Published: Tuesday, 23 August 2016 10:23

According to the latest news from the related departments, in July this year, the CPI of urban residents in Ningbo rose by 1.6% over the same period of last year, with the growth rate remaining almost the same as in June. In the first seven months, the CPI rose by 2.2% over the same period of 2015. 
Seven of the eight kinds of consumer goods or services witnessed price rise while only one kind saw price decrease compared with the same month of last year. among others, the price of food, cigarettes and wines rose by 2.4%, the price of clothes rose by 3.3%, the price of houses rose by 0.9%, the price of daily necessities and services rose by 0.5%, the price of traffic and communications dropped by 1.1%, the price of education, culture and entertainment rose by 1.1%, the price of medicine and health rose by 4.2%, while the price of other products and services rose by 4.6%. 
Compared with in June, the CPI of the rural residents increased by 0.6%. With the lasting high temperature in summer, the demand for vegetable and meat declined, and the price of the fresh vegetables rose by 6.6% over the previous month, the price of pork dropped by 2.3%, while the prices of drinking water and bear rose by 5.4% and 3.7% respectively. With the price rise of the river shrimps and sea crabs, the seafood price rose by 8.4%. With the price rise of some sports shoes brands, the prices of women’s shoes and children’s shoes increased by 5.1% and 7.4% respectively. With the coming of the summer vacation, the price of flight tickets rose by 8.0%, and the tour charges rose by 9.2%. the price of health products rose by 5.4% over the previous month, while the price of golden jewelry rose by 6.1%