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Shanghai's CPI up 2% in Oct

Nov. 16, 2012 (China Knowledge) - Shanghai saw its consumer price index (CPI) increase 2% YoY in October, according to the latest statistics released by the Shanghai Statistics Bureau.

Last month the food prices went up 2.8% YoY, driven by a 2.9% increase in edible oil prices, while the prices of meat, poultry and processed products and fresh eggs dropped 2.3% and 1.1% YoY, respectively.

The prices of cigarettes, alcohol and related products climbed 1.5% YoY, while the prices of household appliances and maintenance services rose 2.7% from a year earlier.

The price of personal and health care products increased 1.9% YoY in October, and the price of clothing grew 1.8% YoY.

According to the statistics, the city's housing prices rose 2.4% YoY last month, while the price of transportation and telecommunications decreased 1.6% YoY.

In the first ten months of this year, the city's CPI rose 3% YoY.

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