Description
China's Retail Price Index (RPI) - The annual growth rate for the current month is released by China's National Bureau of Statistics (NBS). This indicator measures the trend and degree of change in retail prices of consumer goods and services, and is one of the important indicators for observing inflationary pressure in China. A higher RPI indicates stronger inflation, while a lower RPI indicates weaker inflation.
Note: RPI is calculated based on the retail prices of goods and services in a fixed basket, which includes food, beverages, tobacco and alcohol, clothing, shoes and hats, textiles, Chinese and Western medicines, cosmetics, books, newspapers and magazines, cultural and sporting goods, daily necessities, household goods There are 304 must-report commodities in 14 categories including electrical appliances, jewelry, fuel, construction and decoration materials, and mechanical and electrical products.