The CPI consumer price index and IPP producer price index, published by the National Bureau of Statistics of China, have come as follows:
Consumer’s price index
- January CPI -0.3% year-on-year (Reuters survey 0.0%).
- January CPI + 1.0% MoM (Reuters poll + 1.0%)
- January food CPI + 1.6% year-on-year.
- CPI excluding January food -0.8% year-on-year.
Producer Price Index
- January PPI + 0.3% over the previous year (Reuters survey + 0.4%).
- January PPI + 1.0% compared to the previous month.
- Increasing for the first time in a year.
About the CPI consumer price index
The Chinese consumer price index is published by the National Bureau of Statistics of China and measures the average price change of a basket of goods and services. The CPI is the main element for measuring inflation and changes in buying trends. If the consumer price index rises substantially, it indicates that inflation has become a destabilizing factor for the economy, which may prompt the People’s Bank of China to adjust monetary policy and fiscal risk. Generally, a high result is positive or bullish for the CNY, while a lower reading is negative or bearish.
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