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Shenzhen's CPI up 2.9% in Aug

Sep. 12, 2012 (China Knowledge) - Shenzhen saw its consumer price index (CPI) increased 2.9% YoY in August this year, according to the latest statistics released by the Shenzhen Statistics Bureau.

Last month the city’s food prices went up 3.3% YoY, driven by a 14.8% increase in fresh vegetables prices and a 10.9% increase for the price of grain, while the price of meat, poultry and processed products and fresh eggs dropped 4.8% and 3.3% YoY, respectively. Non-food prices grew 2.7% YoY in August.

The prices of cigarettes, alcohol and related products climbed 3.4% YoY, while the prices of household appliances and maintenance services rose 2.4% from a year earlier.

The price of personal and health care products increased 4% YoY in August, and the price of clothing grew 7.6% YoY.

According to the statistics, the city's housing prices rose 3% YoY last month, while the price of transportation and telecommunications decreased 0.7% YoY.

In the first eight months of this year, the city's CPI rose 2.9% YoY.

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