The CPI, a price index reflecting Inflation in China, fell for the second consecutive month in January due to a high base effect in the same month last year, but compared to last month, inflation has resurged and Food prices have risen sharply.
Prices of food, tobacco and alcohol rose 2.8% in January, affecting the CPI by about 0.80 percentage points. Food, fresh vegetable prices rose 19.0%, affecting the CPI rose about 0.40 percentage points; egg prices rose 9.4%, affecting the CPI rose about 0.06 percentage points; animal meat prices rose 3.7%, affecting the CPI rose about 0.16 percentage points, of which pork prices rose 5.6%, affecting the CPI rose about 0.12 percentage points; aquatic products prices rose 3.3%, affecting the CPI rose about 0.06 percentage points; fresh fruit prices rose 2.3%, affecting the CPI rose about 0.04 percentage points; food prices rose 0.3%, affecting the CPI rose about 0.01 percentage points.
Compared to the same period last year, the overall CPI fell 0.3% year-on-year due to the high base effect as the government was still hiding the Wuhan outbreak and the national economy was still running as usual. However, when looking at food prices, there was still a significant increase last month, with prices of food, tobacco and alcohol rising 1.4% year-on-year, affecting the CPI by about 0.41 percentage points. Food, fresh vegetable prices rose 10.9%, affecting the CPI rose about 0.24 percentage points; food prices rose 1.6%, affecting the CPI rose about 0.03 percentage points; fresh fruit prices rose 1.3%, affecting the CPI rose about 0.02 percentage points; egg prices rose 1.2%, affecting the CPI rose about 0.01 percentage points; animal meat prices fell 0.4%, affecting the CPI fell about 0.02 percentage points. Impact CPI fell by about 0.02 percentage points, of which the price of pork fell by 3.9%, affecting the CPI fell by about 0.09 percentage points.
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