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 with the same period last year, the overall CPI fell 0.3% year-on-year due to the government still hiding the Wuhan Epidemic and the national economy still running as usual, under the high base effect. But when looking at food prices, last month there was still a significant increase in food, tobacco and alcohol prices rose 1.4% year-on-year, affecting the CPI rose by about 0.41 percentage points. Food, fresh vegetables 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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