China: CPI (MoM, Annual) - All Items

Macro

2026-06-10

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 May 2026 CPI MoM growth rate reported at -0.1%, turning negative from the previous 0.3% and meeting market expectations, mainly driven by abundant food supply and a post-May Day holiday travel pullback. Meanwhile, the PPI YoY growth rate surged significantly, widening the price scissors between upstream and downstream sectors. This indicates that terminal consumer demand still needs to solidify, and short-term policies may focus on smoothing the transmission mechanism.

AI Data Insight

China's May 2026 CPI MoM growth rate reported at -0.1%, turning negative from the previous 0.3% and meeting market expectations, mainly driven by abundant food supply and a post-May Day holiday travel pullback. Meanwhile, the PPI YoY growth rate surged significantly, widening the price scissors between upstream and downstream sectors. This indicates that terminal consumer demand still needs to solidify, and short-term policies may focus on smoothing the transmission mechanism.

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