China: CPI (YoY) - All Items

Macro

2026-04-10
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

According to the latest data, China's CPI annual growth rate for March 2026 (Q1) retreated to 1.0%, slowing from the previous month's high of 1.3%, primarily impacted by the fading consumption effect of the Spring Festival holiday. However, benefiting from surging global energy prices, while core inflation slowed, the PPI during the same period successfully ended its long-term deflation, reflecting that the overall price environment remains supported.

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AI Data Insight

According to the latest data, China's CPI annual growth rate for March 2026 (Q1) retreated to 1.0%, slowing from the previous month's high of 1.3%, primarily impacted by the fading consumption effect of the Spring Festival holiday. However, benefiting from surging global energy prices, while core inflation slowed, the PPI during the same period successfully ended its long-term deflation, reflecting that the overall price environment remains supported.

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