Data released by the Beijing Survey Team of the National Bureau of Statistics on December 11 shows that in November, Beijing's Consumer Price Index (CPI) shifted from a month-on-month increase to a decline, while the year-on-year growth rate expanded.
On a monthly basis, Beijing's CPI dropped by 0.2% in November, reversing the 0.4% increase seen in October. Due to the impact of cold waves and snowstorms, fresh vegetable prices surged by 12.0%, with the growth rate widening by 8.1 percentage points compared to the previous month. Meanwhile, prices of fresh fruits, pork, and eggs fell by 3.7%, 2.9%, and 2.8%, respectively.
With reduced demand for winter travel, prices for accommodation, travel agency fees, and air tickets declined by 9.8%, 8.3%, and 7.9%, respectively. Industrial consumer goods prices rose by 0.3%, though the growth rate slowed by 0.1 percentage points from the previous month. Notably, gold jewelry prices increased by 8.0%, while gasoline and diesel prices dropped by 2.2% and 2.5%, respectively.
Year-on-year, Beijing's CPI climbed by 0.6% in November, with the growth rate expanding by 0.5 percentage points. Fresh vegetable and fruit prices rose by 21.9% and 0.6%, respectively, while mutton and beef prices increased by 7.8% and 4.2%. Conversely, pork and egg prices fell by 15.1% and 12.1%.
Industrial consumer goods prices rose by 1.6%, with the growth rate widening by 0.4 percentage points from October. Gold jewelry prices soared by 60.8%, and large household appliances increased by 5.8%, whereas gasoline and diesel prices dropped by 7.5% and 8.2%. Air ticket prices rose by 5.3%, though the growth rate slowed by 10.9 percentage points from the previous month, while accommodation prices fell by 3.2%, with the decline widening by 1.4 percentage points.
Additionally, Beijing's Producer Price Index (PPI) for industrial products declined by 1.3% year-on-year and 0.2% month-on-month in November. Industrial producer purchase prices dropped by 1.7% year-on-year and 0.1% month-on-month.
Comments