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Beijing's CPI up 2.6% in July

Aug. 14, 2012 (China Knowledge) - Beijing saw its consumer price index (CPI) increased 2.6% YoY in July, according to the latest statistics released by the Beijing Statistics Bureau.

Last month the food prices went up 5.6% YoY, driven by a 29.4% increase in fresh fruits prices, while the prices of meat, poultry and processed products, fresh eggs and fresh vegetables dropped 2.3% 6.6% and 2% YoY, respectively.

The prices of cigarettes, alcohol and related products climbed 1.6% YoY, mainly driven by a 2.8% increase in alcohol prices, while the prices of household appliances and maintenance services edged up 2.7% from a year earlier.

The price of personal and health care products increased 0.9% YoY in Jul, while the price of transportation and telecommunications decreased 2.8% YoY.

According to the statistics, the city's housing prices rose 3.9% YoY last month, including a 4.9% increase in housing rentals and a 3.1% decrease in the price of building and decoration materials.

In the first seven months of this year, the country's CPI rose 3.4% YoY.

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