share_log

China's CPI rose by 0.5% year-on-year in July, compared with a 1% increase in the previous month.

Breakings ·  Aug 9 09:30

In July 2026, the national consumer price index (CPI) increased by 0.5% year-on-year. Specifically, prices in urban areas rose by 0.5%, while those in rural areas increased by 0.4%; food prices declined by 1.5%, whereas non-food prices rose by 0.9%; prices of consumer goods increased by 0.2%, and service prices rose by 0.7%. On average from January to July, the national CPI was up by 0.9% compared with the same period of the previous year.

In July, the national consumer price index (CPI) decreased by 0.1% month-on-month. Specifically, prices in urban areas fell by 0.1%, while those in rural areas declined by 0.2%; food prices remained unchanged, and non-food prices dropped by 0.1%; prices of consumer goods fell by 0.6%, while service prices rose by 0.4%.

I. Year-on-Year Changes in Prices of Various Goods and Services

In July, prices of food, tobacco, alcohol, and catering services outside the home decreased by 0.8% year-on-year, contributing to a decline of approximately 0.22 percentage points in the CPI (Consumer Price Index). Within food categories, meat prices fell by 6.0% year-on-year, reducing the CPI by about 0.25 percentage points, with pork prices down by 13.3%; dairy product prices declined by 1.5%, lowering the CPI by around 0.02 percentage points; fresh fruit prices dropped by 1.1%, subtracting approximately 0.02 percentage points from the CPI; egg prices rose by 14.4%, adding about 0.07 percentage points to the CPI.

Among the other seven major categories, six recorded year-on-year increases while one declined. Specifically, prices for miscellaneous goods and services and medical care rose by 5.8% and 2.9%, respectively; clothing and education, culture, and recreation prices increased by 1.4% and 1.3%, respectively; household goods and services and transportation and communication prices rose by 0.8% and 0.4%, respectively; housing prices declined by 0.3%.

II. Month-on-Month Changes in Prices of Various Goods and Services

In July, prices of food, tobacco, alcohol, and catering services outside the home remained unchanged month-on-month. Within food categories, meat prices rose by 1.9%, contributing approximately 0.07 percentage points to the CPI increase, with pork prices up by 4.1%; fresh vegetable prices increased by 1.3%, adding about 0.02 percentage points to the CPI; fresh fruit prices declined by 3.8%, reducing the CPI by approximately 0.07 percentage points; egg prices fell by 1.7%, subtracting around 0.01 percentage points from the CPI.

Among the other seven major categories, three rose, two remained flat, and two declined month-on-month. Specifically, prices for education, culture, and recreation; medical care; and household goods and services increased by 1.0%, 0.8%, and 0.4%, respectively; housing and miscellaneous goods and services prices were unchanged; transportation and communication and clothing prices declined by 2.2% and 0.4%, respectively.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to EleBank. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.