Nov. 13, 2012 (China Knowledge) - Beijing
saw its consumer price index (CPI) increase 2.9% YoY in October, according to the latest statistics released by the Beijing Statistics Bureau.
Last month the food prices went up 3.2% YoY, driven by a 9.7% increase in fresh fruits prices, while the prices of meat, poultry and processed products, fresh eggs and fresh vegetables dropped 1.5%, 1.8% and 7.4% YoY, respectively.
The prices of cigarettes, alcohol and related products climbed 1.6% YoY, mainly driven by a 2.9% increase in alcohol prices, while the prices of household appliances and maintenance services edged up 1.6% from a year earlier.
The price of personal and health care products increased 1.3% YoY in October, while the price of transportation and telecommunications decreased 1% YoY.
According to the statistics, the city's housing prices rose 5% YoY last month, including a 5.6% increase in housing rentals and a 1.2% decrease in the price of building and decoration materials.
In the first ten months of this year, the country's CPI rose 3.2% YoY.