Rising food & energy prices drive up CPI in Kunming

Kunming's inflation rate in 2011 has been driven by rising food and energy prices, analysts said.

Data from a survey team of the National Bureau of Statistics (NBS) on last Sunday showed that the city’s consumer price index (CPI), a main gauge of inflation, rose 4.9% year on year in 2011.

Food prices, the highest rate in 2011, were up 10.8 percent year on year, which had contributed about 69.39% to the total rise of 4.9%.

In details, meat prices rose 25.9%, which contributed 32.65% to the total rise. Prices of pork, the highest point in history since 2008, were up 39.2%, contributing 22.45% to CPI’s rise. Prices of edible oil and grain were up 18.4% and 11.5%, respectively, while vegetable prices were down 5.4%.

Influenced by the rising prices of international crude oil, domestic refined oil prices remain at high levels. Data show that gasoline and diesel prices rose 14.6% and 15.6%, respectively. The prices of liquefied petroleum gas and other fuel oil were also increased 12.3% and 22.2%.

Moreover, Kunming’s service sector prices rose 3.3% in 2011, of which prices of housekeeping service grow 42.7%, and private housing rents were up 11.6%. (Editor: Ryan Li)

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