China: CPI (MoM, Annual) - All Items

Macro

2026-10-14

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 latest CPI month-over-month growth rate dropped to 0.2%, falling short of the market expectation of 0.3% and narrowing significantly from the previous 0.4%. Although the Mid-Autumn Festival provided temporary consumption support, the property slump and sluggish employment continue to suppress overall demand. With producer prices surging against the trend due to energy and AI demand, the market expects authorities to face greater pressure for stimulus policies.

AI Data Insight

China's latest CPI month-over-month growth rate dropped to 0.2%, falling short of the market expectation of 0.3% and narrowing significantly from the previous 0.4%. Although the Mid-Autumn Festival provided temporary consumption support, the property slump and sluggish employment continue to suppress overall demand. With producer prices surging against the trend due to energy and AI demand, the market expects authorities to face greater pressure for stimulus policies.

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