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Clothing price increased remarkably Y/Y

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As of December 2010, the figure for consumers price of clothing reported by State Statistical Bureau met the end of its negative growth since April 2007, and welcomed a upward inflection beginning from Febuary 2011 with a continuous positive growth, and the growth rate is increasing constantly, amid the growth rate for June was 2.1 percent, for the first half of 2011 was 1 percent Y/Y.

Besides this, according to the statistics from CNCIC, for the first half of 2011, the average unit price for clothing in nationwide 100 major department stores presented a upward inflection from a year ago. From January to June period, growth rate of average unit price of clothing was 17.3 percent, increased 5.2 percent from last year’s 12.1 percent.