Xiamen's CPI sees 2.4% year-on-year increase in October
According to data released by the Survey Office of the National Bureau of Statistics in Xiamen, the city’s Consumer Price Index (CPI) in October increased by 0.5% over last month and 2.4% over the previous year. Additionally, it showed a cumulative rise of 1.9% from January to September.
Compared with last month, food prices in Xiamen were reduced by 0.7% in October. Thanks to favorable weather conditions, Xiamen witnessed an increase in vegetable supply, with prices dropping by 6.8% month-to-month. Along with the cooling weather, egg supply also went up, causing the price to fall by 2.3%.
At the same time, prices of non-food goods saw a rise of 0.8%. Influenced by the ever-growing price of international crude oil, the city raised gas and diesel prices twice in October, with a cumulative increase of 4.2% and 4.7% respectively. The higher demand for travel and transportation during the National Day holiday led to an increase of 19.2%, 9.7%, and 2.4% for accommodation, travel agencies, and airlines, respectively.
Six major components of CPI grew as well: Food(2.2%), accommodation(2.2%), transportation and communication(3%), education and entertainment(2.3%), health care(3.3%), and apparel(3.5%), with a total rise of 2.28% over the past year.