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Guangzhou CPI dropped 3% in first three quarters
Latest Updated at 2009-October-14 09:10:23

The latest statistics released by the Guangzhou Investigation Team of the National Statistics Bureau indicate that the Consumer Price Index (CPI) of Guangzhou urban residents fell by 3% year-on-year in the first three quarters this year (in the same period last year it increased by 6.8%), with the declining rate expanding 0.2 percentage points compared to the first half of the year.

Statistics show that the Guangzhou CPI was down by 3% from January to September, to which the lagging factors of last year contributed a decrease of 3.7 percentage points and new price inflation factors of this year contributed an increase of 0.7 percentage points.

For the commodity prices of eight categories, with the exception of cigarettes, alcohol and related products were up 2.8%, the other seven categories all showed marked decreases: clothes were down by 6.3%; residence prices were down by 6.2%; transport and communications were down by 4.2%, entertainment, education, culture and services were down by 3.2%; household appliances and maintenance services fell by 2.5%, medical care and personal products were down by 0.1%, and food was down by 1.1%.

Editor: Miranda

By: Source: english.gz.gov.cn
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