Monthly inflation rate in China in October 2023, by sector
In October 2023, consumer price levels of food, tobacco, and liquor in China changed by approximately -2.1 percent compared to the same month of the previous year. The term 'inflation' describes money and the decrease in its value, which is characterized by an increase of the price level of finished products (consumer goods, capital goods). The Consumer Price Index tracks private consumption expenditure trends and shows an increase in the index's current level of inflation.
