Consumer Price Index (CPI) in China as of March 2017, by sector and area

The graph shows the Consumer Price Index (CPI) in China as of March 2017, by sector and area. That month, the CPI for food in urban areas had resided at 97.7 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.

Show more
Exclusive Premium statistic

You need a Premium membership to access this statistic.
Advantages of our Premium Account:

  • Immediate access to our full Premium database
  • Save time! Easy to include in your presentations
  • Credible data! Over 18,000 data sources

With Statista, you get straight to the point: analyzing data, rather than searching for it.

Dr. Antonella Mei-Pochtler about Statista
Premium Account
Instant access
to all statistics
Download as XLS, PNG
and PDF
$49 per month*
(billed annually)
Overall - - -
Food, tobacco and liquor - - -
Health care and medical services - - -
Clothing - - -
Other items and services - - -
Household items and services - - -
Transportation and communication - - -
Recreation, education, culture articles and services - - -
Residence - - -
Source information for logged in users only.
Show our solutions
Everything you need to know about...
Key Economic Indicators of China
  • Great time-saver
  • All relevant statistics included

Offer: Order your Premium Account now & and get this dossier for free.

Get free dossier
Complete Market report about...
Consumer Price Index and inflation rate in China
  • All the facts in one convenient package
  • Detailed information

Offer: Order your Premium Account now & and get this dossier for free.

Get free dossier
You may also be interested in...
Show more
Market Analytics
Recent Statistics
Recommended studies and dossiers

Find the proper statistic fast and easy: