Domestic CPI growth decline in clothing price index has been rising

According to data from the National Bureau of Statistics, the growth rate of domestic CPI has been declining for two consecutive months, but the increase in the clothing price index has been rising. In September 2011, the domestic CPI index rose by 6.1% year-on-year, representing an increase of 0.1% from the previous month.

In the same period, the price index on clothing increased by 3.2% year-on-year, 0.3% higher than that in August; among which, the clothing price index rose by 3.4% year-on-year, 0.2% higher than that in August.

The increase in the clothing price index and clothing price index hit a record high.

However, the performance of the apparel industry grew faster than that of the textile industry, showing that most of the profits of the industry were absorbed by the apparel industry. However, as the textile industry strictly controls the cost of the period, it still achieves a rapid growth in performance.

In the first three quarters, the cost rate of the textile and apparel industry was 13.73%, a slight increase of 0.05 percentage points year-on-year; of which, the textile industry's cost rate was 9.32%, a decrease of 0.61 percentage points from the same period of last year; the textile industry realized total operating revenue of 59.31 billion yuan, a year-on-year increase of 20 %; realized net profit of 3.32 billion yuan, an increase of 31.1% year-on-year; apparel industry realized total operating income of 61.58 billion yuan, an increase of 23.6%; realized net profit of 5.75 billion yuan, an increase of 48.6%.