What is China's Consumer Price Index (CPI)?

In China, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.

What does CPI mean?

Moving-base index "same month of prior year=100" (Index CPPY=100) 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.

Why is CPI growth so low in China?

CPI growth in China has been far lower than in other countries that have seen inflation rates soar to 30-40 year highs, driven by higher food and energy prices stemming from the Russia-Ukraine conflict and currency weakness against the US dollar (USD).

What is the current Laspeyres price index (CPI)?

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.