City's CPI up by 1.1% in June

Writer: Han Ximin  |  Editor: Stephanie Yang  |  From: Shenzhen Daily  |  Updated: 2021-07-13

Shenzhen's consumer price index (CPI), a primary gauge of inflation, increased by 1.1 percent in June over the same period last year, statistics from the Shenzhen survey team of the National Bureau of Statistics showed.

The CPI dropped by 0.3 percent over May. Between January and June, the city’s CPI increased by 0.1 percent over the same period last year.

Compared with May, food prices dropped by 1.1 percent, partly due to the increasing supply of pork and fruit, whose prices dropped by 9.7 percent and 2.4 percent, respectively.

In contrast, the price of eggs increased by 4.1 percent, due to the increase in feed cost. The prices of aquatic products also increased by 3.1 percent due to the fishing ban which has been implemented since June 1.

In the non-food category, the prices dropped by 0.2 percent over May. Due to the occurrence of COVID-19 cases since May 21 in Shenzhen, the flight fares dropped by 11.2 percent over May and charges for group travel organized by travel agencies dropped by 9.3 percent.