China: CGPI (YoY)

Macro

2026-10-15

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

AI Data Insight

China's latest Corporate Goods Price Index (CGPI) for September 2026 (Q3 2026) reached a year-on-year growth rate of 3.7%, a significant increase from the previous 2.7%, indicating that price pressures on the corporate end continue to expand. Although external searches show China's official PPI for the same period was 3.8%, based on the given authoritative data, the 3.7% still hit a recent periodic high. The sharp rise in mining and raw material costs is the primary driving factor. Going forward, attention should be paid to whether end-consumer demand can support this wave of upstream cost pass-through.

AI Data Insight

China's latest Corporate Goods Price Index (CGPI) for September 2026 (Q3 2026) reached a year-on-year growth rate of 3.7%, a significant increase from the previous 2.7%, indicating that price pressures on the corporate end continue to expand. Although external searches show China's official PPI for the same period was 3.8%, based on the given authoritative data, the 3.7% still hit a recent periodic high. The sharp rise in mining and raw material costs is the primary driving factor. Going forward, attention should be paid to whether end-consumer demand can support this wave of upstream cost pass-through.

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