Jiangsu’s consumer prices index(CPI), a main gauge of inflation, rose 0.3 percent year on year in February, down 0.1 percentage points than the growth rate in January, according to the survey team of the National Bureau of Statistics in the province.

A busy scene is seen at a farmers' market in Nanjing, Feb. 11, 2021, the Spring Festival Eve. CPF Photo 

The rise of food prices slowed down from an increase of 3.7% year on year in January to 1.5% in February. The province's pork prices fell by 13.5% year-on-year, 10.8 percentage points higher than the fall in the previous month. Prices of fish, eggs, fruits and beef went up 7.4%, 7.2%, 5.1% and 4.7%, respectively.

Vegetables prices saw a minor increase of 1.2% in February following the sharp rise of 24.2% in the first month. Transport and communications sector saw a fall of prices by 2%.

Data also showed prices for education, culture and entertainment products edged up by 0.6%. This was mainly due to the increased spending during the Spring Festival holiday.

Jiangsu has set its consumer inflation target at around 3 percent for the year of 2021, same with the country’s goal. This means a decline of 0.5 percentage points than the goal in last year. The prince’s relatively lower CPI in the first two months marked a good start to achieve the target.

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