The price of living in Yunnan continues to rise. According to recently released government statistics the province's consumer price index (CPI) rose 6.1 percent year-on-year, driven by fast-rising food prices.
Food prices in Yunnan were 13.7 percent higher in September 2011 than in September 2010, accounting for 70 percent of CPI growth.
In addition to putting increased pressure on price-sensitive lower-income Yunnan residents, this trend is also cutting into profit margins at restaurants, creating opportunities for unethical food production practices, as exhibited in the gutter oil scandal that recently came to light in Kunming.
Food oil prices jumped 19.2 percent year-on-year in September. The price of eggs was up 11.2 percent over the previous September, while grains were up 12 percent. Meat and poultry exhibited the most significant year-on-year price increase, skyrocketing by 35.3 percent, led by pork, which was up 56.8 percent.
In month-by-month terms, inflation slowed down a bit in September, rising only 0.4 percent, compared with 0.6 percent in July and August and 0.7 percent in June.
Yunnan's CPI, which measures price changes across a basket of consumer items, has been climbing steadily since January 2011, when prices jumped 1 percent over the previous month.© Copyright 2005-2022 GoKunming.com all rights reserved. This material may not be republished, rewritten or redistributed without permission.