Shanghai’s consumer inflation picked up last month to 3.6%

By Feng Jianmin | February 15, 2017, Wednesday |

Online Edition

SHANGHAI'S consumer inflation heated up last month driven by prices of food and services, data with the Shanghai Statistics Bureau showed today.

The city's Consumer Price Index rose 3.6 percent in January from a year ago, 0.3 percentage points more than December.

The Shanghai CPI has remained above 3 percent for 11 consecutive months and above the national level for 37 consecutive months.

Food prices, the largest component of CPI, rose 3.5 percent year-on-year, the data showed.

Housing costs were up 4.2 percent, education and entertainment rose 6 percent, and medical and healthcare jumped 7.6 percent.

The warmer Shanghai inflation last month was in line with a pick-up of national CPI growth to 2.5 percent from December's 2.1 percent.

The National Bureau of Statistics attributed the faster CPI growth to a low base last year and higher prices ahead of the Chinese New Year.

Economy