This week the Yunnan Bureau of Statistics (YBS) released economic data for the province for the period from January to July of this year. One of the more significant statistical trends can be found within Yunnan's consumer price index (CPI) - a statistic based upon a basket of common consumer goods that is used to illustrate trends in the cost of everyday living.
Yunnan's CPI for the first seven months of this year grew 5.7 percent on the same period in 2006, one-tenth of a percentage point higher than the national average. Yunnan's rural areas experienced slightly higher CPI growth at 5.8 percent year-on-year.
In addition to higher prices at the market, restaurants in Kunming and throughout the province have begun raising prices or are preparing to raise prices. According to one Kunming restaurant owner: "We can only absorb so much in terms of food price increases before we have to start raising our prices... our restaurant and most others are likely going to raise prices in the coming weeks."
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Comments
still 3.5rmb for lunch in jinghong! hehe
all my favorite chinese places in beijing have been raising prices. many have done it by printing out a long strip of new prices and taping them over ethe old ones -- an amazing visual tribute to inflation.
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