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Consumer Price Index (CPI) in China in August 2018, by region

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China: monthly Consumer Price Index (CPI) by region August 2018 The statistic shows the Consumer Price Index (CPI) in China in August 2018, by region. That month, China's Shanxi province had displayed a CPI of about 101.8 points.
Consumer price development in China – additional information

The Consumer Price Index measures the average changes over time in the price level of a market basket of consumer goods and services purchased by consumers. It is closely related to the inflation rate. The consumer inflation rate is derived from the annual percentage increase of the CPI.

Since 2011, China has seen a slight decrease in domestic inflation. By the end of 2014, the annual inflation rate had ranged at around two percent. It is expected that prices for non-food commodities, such as clothing, will continue to drop. However, household income inequality may contribute to lower consumption rates and higher savings, despite the continuous expansion of production globally.

In recent years, China had been one of the fastest growing markets for vanity goods and services. In 2014, the country had consumed almost 670 metric tons of gold dedicated for use in jewelry. Mainland China is considered one of the largest luxury goods consumers in the world with many purchases being made outside of the country by Chinese tourists. In 2012, Chinese consumers had spent about 22 percent of their expenditures on cosmetics and perfumes overseas.

The CPI of clothing in China ranged among the highest reaching 103 points, whereas their transportation and communication’s CPIwas one of the lowest at 98.5 points as of the same period (252086). The CPI within the country varies slightly in rural and urban areas. The CPI in China has risen from much lower levels experienced in the mid 1990s. In comparison, the CPI among urban consumers in the United States had reached 236.74 points in 2014.
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Description Source More information
The statistic shows the Consumer Price Index (CPI) in China in August 2018, by region. That month, China's Shanxi province had displayed a CPI of about 101.8 points.
Consumer price development in China – additional information

The Consumer Price Index measures the average changes over time in the price level of a market basket of consumer goods and services purchased by consumers. It is closely related to the inflation rate. The consumer inflation rate is derived from the annual percentage increase of the CPI.

Since 2011, China has seen a slight decrease in domestic inflation. By the end of 2014, the annual inflation rate had ranged at around two percent. It is expected that prices for non-food commodities, such as clothing, will continue to drop. However, household income inequality may contribute to lower consumption rates and higher savings, despite the continuous expansion of production globally.

In recent years, China had been one of the fastest growing markets for vanity goods and services. In 2014, the country had consumed almost 670 metric tons of gold dedicated for use in jewelry. Mainland China is considered one of the largest luxury goods consumers in the world with many purchases being made outside of the country by Chinese tourists. In 2012, Chinese consumers had spent about 22 percent of their expenditures on cosmetics and perfumes overseas.

The CPI of clothing in China ranged among the highest reaching 103 points, whereas their transportation and communication’s CPIwas one of the lowest at 98.5 points as of the same period (252086). The CPI within the country varies slightly in rural and urban areas. The CPI in China has risen from much lower levels experienced in the mid 1990s. In comparison, the CPI among urban consumers in the United States had reached 236.74 points in 2014.
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Release date
September 2018
Region
China
Survey time period
as of August 2018
Supplementary notes
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 price 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."

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