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Jan. CPI in Shenzhen up 3.9%
http://www.dongguantoday.com    2/13/2012 10:06:00 AM

Shenzhen's consumer price index (CPI) increased last month by 3.9 percent compared with January last year, 0.6 percent lower than the national average, according to the National Bureau of Statistics Survey Office in Shenzhen on Saturday.

Last month’s food prices jumped by more than 10 percent compared with January 2011, and 6.2 percent compared with December, becoming a major driving force behind the CPI growth.

The food price hike was the result of increasing demand and rising costs of transportation following cold weather, along with fewer sellers during the Spring Festival holidays, according to the survey office.

The price increase was seen in major food products including grains, meats, edible oils, seafoods and seasonings. But prices of fresh vegetables and eggs decreased last month, by 0.4 and 3.2 percent, respectively.

A Futian District resident said she didn’t see those savings, however.

“The prices of meats and vegetables at the food market near my home saw an obvious increase during the Spring Festival holidays, not to mention supermarkets,” said the woman, Sun, who often cooks meals at home.

In addition to food, last month saw increased prices for cigarettes, wines, telecommunication and transportation products and services, entertainment, education products, and housing. In contrast, the price of clothes decreased by 5.6 percent last month because of big discounts in winter.

Despite the overall price increases, analysts said the growth in January would not change the general trend of decreasing CPI.

Source:Shenzhen Daily  Editor: Zhou Mingfeng