News from Datong investigation team of the National Statistics Bureau, the CPI rose 0.9% in Nov. compared to Oct. in Shanghai, which was run in the positive range in the past four months. The PPI fell 12.77% compared to last year.
Data shows food prices rose 6.8%, medical treatment increased 4.2%, tobacco product and drinking prices rose 1.5%, clothing prices fell 8.0%, transport and communications prices fell 3.8%, entertainment and educational products and services prices fell 1.9%, housing prices fell 1.0%, household equipment and maintenance services fell 0.5%.
The rising of prices mainly due to increasing prices of rice and flour which were continuously at high end this year. Pork prices began to rebound in June and the snow affected the prices of fresh vegetables. Medicine, gold jewelry, as well as higher prices of natural gas and electricity power, which were also affected the rising cost of other commodities. Price decline is mainly due to the delayed impact of financial crisis which resulted in the continuously falling industrial consumer goods prices.
The PPI fell 12.77% in Nov. compared to last year, same as last month. The raw materials, fuel and power purchase price rose 11.06% compared to Oct. and rose 1.93% compared with last year. During the investigation of the 25 industrial sectors, there are nine industrial sectors showed increases in the price trend, in which, there are 3 sectors that the margin of prices was larger and more than 10%. 12 industrial sectors are in declining price trend, in which, there are 6 sectors that the drop of prices was larger than 10%.
From:http://finance.sina.com.cn/roll/20091218/09117123182.shtml
By Alex |