China: CGPI (YoY)

Macro

2026-09-15

Description

China CGPI is published by the National Bureau of Statistics (NBS) of China. This indicator measures the year-on-year change in the prices of goods traded between enterprises in China during a specific period. The CGPI reflects price changes at the production and distribution levels, serving as an important metric for observing price pressures in the production sector and assessing inflation risks. A positive CGPI year-on-year rate indicates an increase in commodity prices, typically suggesting rising costs or strong demand, while a negative rate may indicate a decline in prices, reflecting weaker demand or reduced cost pressures.

Published by
People's Bank of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Consumption CGPI

AI Data Insight

China's Corporate Goods Price Index (CGPI) year-on-year growth rate for July (Q3 2026) rose to 2.7%, continuing to expand from 2.2% in the previous month and marking seven consecutive months of positive growth. Although the officially released PPI year-on-year growth of 3.5% fell short of market expectations and its growth pace slowed, overall production-side prices maintained an upward trend, supported by demand from smart equipment and high-tech industries. Moving forward, the market will closely monitor the continuity of fiscal expenditure and domestic demand recovery.

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AI Data Insight

China's Corporate Goods Price Index (CGPI) year-on-year growth rate for July (Q3 2026) rose to 2.7%, continuing to expand from 2.2% in the previous month and marking seven consecutive months of positive growth. Although the officially released PPI year-on-year growth of 3.5% fell short of market expectations and its growth pace slowed, overall production-side prices maintained an upward trend, supported by demand from smart equipment and high-tech industries. Moving forward, the market will closely monitor the continuity of fiscal expenditure and domestic demand recovery.

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Macro
Description

China CGPI is published by the National Bureau of Statistics (NBS) of China. This indicator measures the year-on-year change in the prices of goods traded between enterprises in China during a specific period. The CGPI reflects price changes at the production and distribution levels, serving as an important metric for observing price pressures in the production sector and assessing inflation risks. A positive CGPI year-on-year rate indicates an increase in commodity prices, typically suggesting rising costs or strong demand, while a negative rate may indicate a decline in prices, reflecting weaker demand or reduced cost pressures.

Published by
People's Bank of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Consumption CGPI