China: CPI (MoM, Annual) - All Items

Macro

2026-07-09

Description

The China Consumer Price Index (CPI) is released by the National Bureau of Statistics of China (NBS). This indicator measures the short-term changes in the prices of the basket of goods and services purchased by Chinese households and is one of the important indicators for assessing the cost of living. When this indicator rises, it typically signals increased short-term inflationary pressures, which could weaken purchasing power and prompt changes in monetary policy. On the contrary, a falling CPI may indicate deflationary pressures or weakening economic activity.

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

AI Data Insight

China's CPI month-over-month (MoM) growth in June 2026 (Q2 2026) dropped to -0.3%, expanding the decline from the previous month's -0.1% and falling below the market expectation of -0.2%. The dual decline in both food and non-food prices reflects weak domestic demand and falling commodity costs. Going forward, close attention must be paid to whether policies will intensify stimulus efforts to prevent deflation risks.

AI Data Insight

China's CPI month-over-month (MoM) growth in June 2026 (Q2 2026) dropped to -0.3%, expanding the decline from the previous month's -0.1% and falling below the market expectation of -0.2%. The dual decline in both food and non-food prices reflects weak domestic demand and falling commodity costs. Going forward, close attention must be paid to whether policies will intensify stimulus efforts to prevent deflation risks.

Description

The China Consumer Price Index (CPI) is released by the National Bureau of Statistics of China (NBS). This indicator measures the short-term changes in the prices of the basket of goods and services purchased by Chinese households and is one of the important indicators for assessing the cost of living. When this indicator rises, it typically signals increased short-term inflationary pressures, which could weaken purchasing power and prompt changes in monetary policy. On the contrary, a falling CPI may indicate deflationary pressures or weakening economic activity.

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