China: CPI (YoY) - All Items

Macro

2026-09-09

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

In August 2026 (Q3 2026), China's CPI annual growth rate reached 0.8%, climbing further from the previous 0.5% and meeting market expectations. The rebound in inflation this month was primarily driven by a surge in energy costs, while the core CPI, which excludes food and energy, edged up to 1.0%. Looking ahead, prices are expected to maintain a mild upward trend, leaving ample room for the PBOC's monetary easing policies.

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AI Data Insight

In August 2026 (Q3 2026), China's CPI annual growth rate reached 0.8%, climbing further from the previous 0.5% and meeting market expectations. The rebound in inflation this month was primarily driven by a surge in energy costs, while the core CPI, which excludes food and energy, edged up to 1.0%. Looking ahead, prices are expected to maintain a mild upward trend, leaving ample room for the PBOC's monetary easing policies.

Dive in →

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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