China - Consumer Price Index (CPI)





China: Consumer Price Index (CPI)

Mnemonic CPI.ICHN
Unit Index CPPY=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.03 %
Data Oct 2018 102.5
Sep 2018 102.47

Series Information

Source National Bureau of Statistics of the People's Republic of China
Release Consumer Price Index
Frequency Monthly
Start Date 1/31/2016
End Date 10/31/2018

China: Price

Reference Last Previous Units Frequency
Consumer Price Index (CPI) Oct 2018 102.5 102.47 Index CPPY=100, NSA Monthly
Producer Price Index (PPI) Oct 2018 103.3 103.6 Index, Same Month of Prior Year=100, NSA Monthly

Release Information

The consumer price index (CPI) measures changes in the prices of goods and services consumed by households. Such changes affect the real purchasing power of consumers’ incomes and their welfare. In practice, the official CPI of China measures the change in the level of prices for a specified basket of goods and services normally purchased by urban and rural residents.

China’s CPI is in line with the international standards of the CPI manual (2004).

The CPI survey covers around 500 areas throughout the country, including around 200 counties and around 300 cities. The current CPI is a chained Laspeyres price index, which is compiled and disseminated since 2001. Prior to 2001, the index was compiled and disseminated on a month to month and year to year basis using current year weights for most items.

262 item groups have been selected as representative items of consumer purchases from the household surveys. Each representative item consists of around 2-10 varieties, for certain special items have 15-25 varieties each.

Prices for most items are collected at least two times during the month in shops and markets in selected areas. Prices of perishable items – fruits, vegetables, eggs, poultry, meat and fish – are collected six times every month and prices of industrial products are collected two times a month. Where prices are still supervised by the government, such as rent, electricity, public transportation, and drinking water the information on such prices is collected once a month.

Items that are no longer available are replaced by similar items

Data is not revised. Note from source "Article 6 forbid revising the data provided by the NBS and prohibit officials from influencing, altering or tampering with the data. The NBS is held solely responsible for the authenticity of the data produced and disseminated by it."

The most recent figure for Consumer Price Index growth series in the Dismal release (CP%{TTY, CLTY,FPBY,HOSY}UM.ICHN), comes from the source and the history is Moody's Analytics calculated.

The most recent figure for Consumer Price Index series in the Dismal release (CPI{TTY, CLTY,FPBY,HOSY}UM.ICHN), is Moody's Analytics Calculated, and the history is from the source.

Details regarding China's CPI rebasing can be found here: http://www.stats.gov.cn/tjzs/cjwtjd/201308/t20130829_74324.html