YoY Change in Consumer Price Index (CPI) in China
China| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year (YoY) Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers in China for a specific month compared to the same month in the previous year. This data is released monthly by the National Bureau of Statistics (NBS) of China and is crucial for assessing inflation trends.
The YoY CPI data helps to determine the extent to which inflation is progressing. If the CPI is increasing, it indicates rising inflationary pressures, which may lead to a decrease in consumers' purchasing power. Conversely, if the CPI is decreasing, there is a risk of deflation, which could enhance consumers' purchasing power.
This data serves as a key reference for policymakers when evaluating inflation trends and formulating appropriate monetary policies. For instance, if the CPI shows high growth, the central bank might consider raising interest rates to control inflation. On the other hand, if the CPI is decreasing, there might be a need to strengthen economic stimulus measures. Additionally, businesses and investors find CPI data crucial for understanding inflation trends and economic outlook, aiding them in making informed decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
