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.