Liaoning's Consumer Prices Rise 0.9% Year-on-Year in August

Deep News
Yesterday

In August, Liaoning Province's consumer price index (CPI) climbed 0.9% compared to the same period last year, according to data released by the Liaoning Survey Corps of the National Bureau of Statistics. This reading was 0.1 percentage points higher than the national average. On a monthly basis, prices increased by 0.7%, outpacing the national average by 0.3 percentage points.

Breaking down the monthly figures, urban and rural areas both saw a 0.7% rise. Food prices edged up 0.3%, while non-food items rose 0.7%. Consumer goods increased by 0.7%, and services were up 0.6%.

Year-on-year, the eight major categories of goods and services showed a pattern of five rising, one declining, and two unchanged. Notably, other goods and services surged 10.6%, transportation and communication prices climbed 3.5%, and healthcare rose 1.3%. Education, culture, and entertainment saw a 0.8% increase, while clothing prices were up 0.2%. Conversely, food, tobacco, alcohol, and dining-out expenses fell 0.9%. Housing and household goods and services prices remained flat compared to the previous year.

On a month-over-month basis, the eight categories recorded four increases, two decreases, and two stable figures. Food prices rose 0.3%, contributing 0.06 percentage points to the overall monthly increase. Within the food sector, a few key trends emerged. Fresh vegetable prices jumped 8.1%, adding about 0.12 percentage points to the index, driven by higher spoilage during harvesting and transport due to persistent heat and rainfall, alongside the seasonal transition from summer to autumn crops. Egg prices increased 4.8%, contributing roughly 0.03 percentage points, as school cafeterias and restaurants stocked up in late August. In contrast, shrimp and crab prices dropped 5.6%, reducing the index by about 0.05 percentage points, as the ongoing fishing moratorium limited local supply but was offset by shipments from southern waters. Fresh fruit prices fell 2.6%, pulling the index down by approximately 0.07 percentage points, thanks to ample supply. Grain prices inched up 0.1%.

Non-food prices also advanced 0.7% month-over-month, adding about 0.62 percentage points to the total. Among the notable contributors, gasoline prices soared 7.3%, boosting the index by roughly 0.30 percentage points, while airfares spiked 27.0%, adding 0.19 percentage points. Gold jewelry rose 7.2%, contributing 0.05 percentage points, and takeout food prices climbed 2.1%, adding 0.04 percentage points. Mobile phone prices went up 2.6%, contributing 0.03 percentage points, and primary and secondary education costs increased 1.6%, adding 0.02 percentage points.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10