9月南京CPI同比下降0.4%

Core Insights - In September, Nanjing's Consumer Price Index (CPI) decreased by 0.4% year-on-year, while remaining stable month-on-month [1] - The core CPI, excluding food and energy prices, increased by 0.9% year-on-year, with the growth rate expanding by 0.3 percentage points compared to the previous month [1] Price Changes - Among the eight categories of prices, five experienced increases and three saw declines year-on-year. Notable increases were in clothing (2.7%), household goods and services (2.5%), education, culture, and entertainment (1.3%), healthcare (2.0%), and other goods and services (11.4%). Conversely, food and tobacco (2.7%), housing (0.7%), and transportation and communication (2.8%) declined [1] - Food prices decreased by 4.7% year-on-year, with the decline narrowing by 0.4 percentage points compared to the previous month, contributing to a total price level reduction of approximately 0.84 percentage points [1] - Non-food prices increased by 0.6% year-on-year, with the growth rate expanding by 0.3 percentage points, contributing approximately 0.45 percentage points to the overall price level [1] - In September, the month-on-month price changes showed four categories increasing, one stable, and three declining. Food and tobacco, clothing, household goods and services, and other goods and services rose by 0.5%, 1.2%, 0.3%, and 1.1% respectively, while healthcare remained stable. Housing, transportation and communication, and education, culture, and entertainment fell by 0.4%, 1.1%, and 0.2% respectively [1] Non-Food Price Trends - Non-food prices month-on-month shifted from a 0.1% increase in the previous month to a 0.2% decrease, which lowered the overall price level by approximately 0.15 percentage points [2]