Yearbook Ningbo
Month Report Ningbo
Information Focus
Instruction for NSB&QNSB
How about the site
 just so so
 very good
Home>>All News>>Month Report Ningbo
CPI increased by 3.8% in October
2008-11-21 14:24:44 visits:1129
      The price is decreasing, and the living cost is coming down. It is welcome news for the general public. Apart from oil, prices of meat and liquefied petroleum gas have also dropped. CPI is also reduced accordingly. The CPI of Ningbo increased 3.8% in October, down 1.3 percentage points as against September. This is the first time that the growth rate of CPI in Ningbo dropped below 4% since September, 2007.

     The increase rate of CPI decreased largely because of the price dropping in food, especially in oil and meat. The price of food reduced 0.3% in October year-on-year, a further decrease since September’s 0.8%.

     The cutting of mortgage rates in October and the plunging price for liquefied petroleum gas have brought down Ningbo’s CPI by 0.16 percentage points. Surprisingly, the garment products which frequently go on sales have a price increase of 1.9% in October. Experts analyzed that spring suits had a great discount already, and autumn suits have not been on large promotion yet. Moreover, the cost for industrial goods is increasing, so the price of garment is also growing.

About Us | Contact Us | Copyright
Hosted by:Ningbo Municipal Bureau Statistics  Maintained by:Netware team
Supported by:Computer Center  Direct:(86) 574 8718 6638
Recorded No.11050551 of Zhejiang