China: CPI (YoY) - All Items

Macro

2026-10-14

Description

China's Consumer Price Index (CPI) is calculated and published by the National Bureau of Statistics (NBS). The CPI reflects the price changes of consumer goods and services purchased by households. The Core CPI excludes volatile items such as food and energy, providing a more stable measure of inflation.

The CPI YoY and Core CPI YoY are typically used to observe the degree of inflation and consumer purchasing power. A higher CPI YoY indicates greater inflationary pressure and decreased purchasing power, while a lower CPI YoY suggests lesser inflation and increased purchasing power. Generally, CPI YoY and Core CPI YoY between 2% and 3% are considered indicative of a healthy economy. Significant deviations from this range may prompt the People's Bank of China (PBoC) to adjust monetary policy to manage inflationary pressure.

CPI data is typically released around the 13th of each month.

Note: The difference between Seasonally Adjusted (SA) and Not Seasonally Adjusted (NSA) data lies in the fact that SA data is adjusted to eliminate the effects of seasonal patterns, providing a clearer view of long-term trends and underlying economic conditions.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Consumption CPI

AI Data Insight

China's Q3 2026 CPI YoY growth rose to 0.9%, expanding further from the previous 0.8%, though slightly below market expectations of 1.0%. Although the decline in food prices widened, driven by energy prices pushed up by Middle East geopolitical conflicts and robust demand for AI-related electronic products, overall inflation pressure showed a mild recovery trend, indicating that the long-term deflationary gloom has initially faded.

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AI Data Insight

China's Q3 2026 CPI YoY growth rose to 0.9%, expanding further from the previous 0.8%, though slightly below market expectations of 1.0%. Although the decline in food prices widened, driven by energy prices pushed up by Middle East geopolitical conflicts and robust demand for AI-related electronic products, overall inflation pressure showed a mild recovery trend, indicating that the long-term deflationary gloom has initially faded.

Dive in →

You May Also Like

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Macro
Description

China's Consumer Price Index (CPI) is calculated and published by the National Bureau of Statistics (NBS). The CPI reflects the price changes of consumer goods and services purchased by households. The Core CPI excludes volatile items such as food and energy, providing a more stable measure of inflation.

The CPI YoY and Core CPI YoY are typically used to observe the degree of inflation and consumer purchasing power. A higher CPI YoY indicates greater inflationary pressure and decreased purchasing power, while a lower CPI YoY suggests lesser inflation and increased purchasing power. Generally, CPI YoY and Core CPI YoY between 2% and 3% are considered indicative of a healthy economy. Significant deviations from this range may prompt the People's Bank of China (PBoC) to adjust monetary policy to manage inflationary pressure.

CPI data is typically released around the 13th of each month.

Note: The difference between Seasonally Adjusted (SA) and Not Seasonally Adjusted (NSA) data lies in the fact that SA data is adjusted to eliminate the effects of seasonal patterns, providing a clearer view of long-term trends and underlying economic conditions.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Consumption CPI