In December 2024, the national consumer price rose by 0.1% year-on-year. Among them, cities rose by 0.1%, rural areas remained the same; food prices fell by 0.5%, non-food prices rose by 0.2%, consumer goods prices fell by 0.2%, and service prices rose by 0.5%. In December, the national consumer prices remained unchanged month-on-month. Among them, cities remained the same, while rural areas fell by 0.1%; food prices fell by 0.6%, non-food prices rose by 0.1%; consumer goods prices fell by 0.1%, and service prices rose by 0.1%. In 2024, the national consumer price rose by 0.2% compared with the previous year.
In this regard, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, explained: CPI turned from a decrease from a month-on-month decrease, and a slight increase year-on-year.
In December, the consumer market was generally stable, with the national CPI remaining flat on the month-on-month, up 0.1% year-on-year. The core CPI, excluding food and energy prices, continued to rebound, up 0.4% year-on-year, an increase of 0.1 percentage point from the previous month.
From the month-on-month, CPI remained flat, down 0.6% last month.
Among them, food prices fell by 0.6%, a decrease of 2.1 percentage points from the previous month, affecting the CPI decrease by about 0.12 percentage points month-on-month. Among foods, due to the good weather conditions, which are conducive to the production, storage and transportation of agricultural products, the prices of fresh vegetables and fresh fruits fell by 2.4% and 1.0% respectively, which affected the CPI by about 0.07 percentage points month-on-month; affected by factors such as early penis and secondary fattening, the supply of pork was sufficient, and the price fell by 2.1%, a decrease of 1.3 percentage points from the previous month, which affected the CPI by about 0.03 percentage points month-on-month.
Non-food prices turned from a decrease of 0.1% last month to a rise of 0.1%, affecting the CPI increase by about 0.12 percentage points month-on-month. Among non-foods, demand for travel, entertainment and family services increased as the New Year's Day holidays increased, with air ticket prices turning from a decrease of 8.6% last month to a rise of 4.6%, while domestic services, movies and performance tickets rose by 0.9% and 0.7% respectively; some brands were launched, and the prices of communication tools rose by 3.0%.
From the year-on-year perspective, CPI rose 0.1%, a decrease of 0.1 percentage point from the previous month.
