The graph shows the Consumer Price Index (CPI) in China as of October 2019, by sector and area. That month, the CPI for food, tobacco and liquor in urban areas had resided at 111.4 index points.
Consumer prices in China – additional information
The Consumer Price Index (CPI) is an economic indicator that measures changes in the price level of a representative basket of consumer goods and services. It is calculated by taking price changes for each item in the market basket and averaging them. Goods and services are weighted according to their significance. The CPI can be used to assess the price changes related to the cost of living. It is also useful for identifying periods of inflation and deflation. A significant rise in CPI during a short period of time denotes inflation and a significant drop during a short period of time suggests deflation.
Annual projections of China’s inflation rate forecast by the IMF estimate a relatively low increase in prices up until 2018. The implications of low inflation are two-fold for a national economy. On the one hand, price levels remain largely stable which may lead to equal or increased spending levels by domestic consumers. On the other hand, low inflation signifies an expansion slowdown of the economy, as is reflected by China’s gross domestic product growth.
In 2014, consumer prices in China have risen slowly but steadily. By comparison, producer prices have fallen constantly, as is shown by the monthly producer price index (PPI). The deflation trend in the PPI reflects deepening price cuts of crude oil, refined oil and steel in China. It also denotes possible structural overcapacity in some manufacturing sectors.
Consumer Price Index (CPI) in China as of October 2019, by sector and area
According to the National Bureau of Statistics, the "Consumer Price Index (CPI) is an index measuring changes over time in the price level of consumer goods and services purchased by residents, which comprehensively reflects the changes of price level. Consumer Price Index (CPI) covers the prices of goods and services of eight categories and 262 basic divisions which cover the living consumption of urban and rural residents, including food; tobacco, liquor and articles; clothing; household facilities, articles and maintenance services; health care and personal articles; transportation and communication; recreation, education, culture articles and services and residence. Data are collected from 63,000 prices collection units in 500 cities and counties of the 31 provinces (autonomous regions and municipalities), which cover grocery stores, department stores, supermarkets, convenience stores, professional markets, franchise houses, shopping centers, open fairs and service consuming units etc."
The source does not provide an exact publication date. Date given here is the date of data access.
China: Consumer Price Index (CPI) in China by sector and area October 2019
The graph shows the Consumer Price Index (CPI) in China as of October 2019, by sector and area. That month, the CPI for food, tobacco and liquor in urban areas had resided at 111.4 index points.
Consumer prices in China – additional information
The Consumer Price Index (CPI) is an economic indicator that measures changes in the price level of a representative basket of consumer goods and services. It is calculated by taking price changes for each item in the market basket and averaging them. Goods and services are weighted according to their significance. The CPI can be used to assess the price changes related to the cost of living. It is also useful for identifying periods of inflation and deflation. A significant rise in CPI during a short period of time denotes inflation and a significant drop during a short period of time suggests deflation.
Annual projections of China’s inflation rate forecast by the IMF estimate a relatively low increase in prices up until 2018. The implications of low inflation are two-fold for a national economy. On the one hand, price levels remain largely stable which may lead to equal or increased spending levels by domestic consumers. On the other hand, low inflation signifies an expansion slowdown of the economy, as is reflected by China’s gross domestic product growth.
In 2014, consumer prices in China have risen slowly but steadily. By comparison, producer prices have fallen constantly, as is shown by the monthly producer price index (PPI). The deflation trend in the PPI reflects deepening price cuts of crude oil, refined oil and steel in China. It also denotes possible structural overcapacity in some manufacturing sectors.
This feature is limited to our corporate solutions.
Please contact us to get started with full access to dossiers, forecasts, studies and international data.
Corporate Account
Statista Accounts:
Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account!
Premium Account
Your perfect start with Statista
Instant access to 1m statistics
Download in XLS, PDF & PNG format
Detailed references
$59 / Month *
Corporate Account
Full access
Corporate solution including all features.
* All products require an annual contract.
Prices do not include sales tax.
Statistics on "Consumer Price Index and inflation rate in China"
Statista Accounts:
Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.
National Bureau of Statistics of China. (November 15, 2019). Consumer Price Index (CPI) in China as of October 2019, by sector and area [Graph]. In Statista. Retrieved December 06, 2019, from https://cdn1.statista.com/statistics/252086/monthly-consumer-price-index-cpi-in-china-by-sector/
National Bureau of Statistics of China. "Consumer Price Index (CPI) in China as of October 2019, by sector and area." Chart. November 15, 2019. Statista. Accessed December 06, 2019. https://cdn1.statista.com/statistics/252086/monthly-consumer-price-index-cpi-in-china-by-sector/
National Bureau of Statistics of China. (2019). Consumer Price Index (CPI) in China as of October 2019, by sector and area. Statista. Statista Inc.. Accessed: December 06, 2019. https://cdn1.statista.com/statistics/252086/monthly-consumer-price-index-cpi-in-china-by-sector/
National Bureau of Statistics of China. "Consumer Price Index (Cpi) in China as of October 2019, by Sector and Area." Statista, Statista Inc., 15 Nov 2019, https://cdn1.statista.com/statistics/252086/monthly-consumer-price-index-cpi-in-china-by-sector/
National Bureau of Statistics of China, Consumer Price Index (CPI) in China as of October 2019, by sector and area Statista, https://cdn1.statista.com/statistics/252086/monthly-consumer-price-index-cpi-in-china-by-sector/ (last visited December 06, 2019)
We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. For details, please see your browser’s Help section (by pressing F1). Please see our privacy statement for details about how we use data.