China's Consumer Price Index Increases 6.5% in October

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Researched by Industrial Info Resources (Sugar Land, Texas)--The consumer price index (CPI) in China rose by 6.5% in October compared with the same period last year. The CPI in urban and rural areas was up 6.1% and 7.2%, respectively; the price of foodstuff, non-foodstuff, consumable goods and services increased 17.6%, 1.1%, 7.8% and 2.3%, respectively. Compared with 6.2% in September, the CPI increased 0.3 percentage points, the National Bureau of Statistics of China announced on November 13, 2007.

Food

The price of foodstuff in October increase 17.6% year over year:

•Grain: 6.7% increase

•Oil and fat: 34% increase

•Meat and poultry: 38.3% increase

•Pork: 54.9% increase

•Eggs: 4.3% increase

•Aquatic products: 7% increase

•Fresh vegetables: 29.9% increase

•Fresh fruits: 8.5% increase

•Flavoring: 4.4% increase

Other Consumer Products:

•Tobacco and liquor rose 1.7% year over year.

•Clothing decreased 1.3% year over year.

•Household facilities, articles and maintenance services increased 1.8% year over year. The price of durable consumer goods rose 1%, and the price of household services and manufacturing jumped 8.6%.

•Healthcare and personal articles increased 2.9% year over year. The price of Western medicines decreased 0.1%; the price of traditional Chinese medicinal materials and medicines increased 11.5%; and the price of healthcare services increased 2.2%.

•Transportation and communication dropped 1.7%. The price of transportation facilities dropped 2.5%; the price of fuels and spares decreased 1.4%; the price of using and upkeep fare rose 1.8%; the price of intercity traffic fare rose 2.3%; the price of urban traffic fare increased 0.4%; and the price of communication facility dropped18.4%.

•Recreational, educational and cultural articles decreased 0.5%. The price of tuition and child care rose 0.6%; the price of teaching materials and reference books dropped 1.3%; the price of expenditure of culture and recreation increased 2.6%; the price of tourism and traveling increased 2.6%; and the price of cultural and recreational articles dropped 0.6%.

•The price of articles related to residences rose 4.8% over the same period last year. The price of water, electricity and fuels, building and decoration materials, as well as rent, rose 2.9%, 4.9% and 4.7%, respectively.

From January to October, the general level of CPI increased 4.4% year over year. China's CPI level has been higher than 6% for three continuous months.

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