Wuhan to offer inflation subsidies to 200,000 residents

16:54, November 16, 2010      

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Wuhan will provide 202,000 local residents from 90,000 households entitled to basic living allowances with temporary inflation subsidies from December 2010 to February 2011 in order to weaken the impact of the recent inflation on the lives of these residents, according to an executive meeting of the Wuhan Municipal People's Government on June 15. The monthly allowance has been set at 30 yuan per recipient.

According to data from local price control departments, the prices for 13 out of 16 major categories of foods have been on a rapid rise over the last several months, which has directly affected the basic living of the residents in need, particularly the basic living allowance recipients.
Surveys show that the rise in the prices of a variety of basic consumer goods in 2010 has raised the average monthly living cost of Wuhan's basic living allowance recipients by about 30 yuan. Therefore, Wuhan has decided to offer temporary inflation subsidies to all of the basic living allowance recipients from December 2010 to February 2011 and plan to adjust the inflation allowances based on the price of basic consumer goods at that time.

It is calculated that Wuhan needs to allocate over 18 million yuan for the temporary inflation allowances.

By People's Daily Online


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