CPI 2016

China’s consumer price index, a main gauge of inflation, rose 2 percent in 2016 -- up from 1.4 percent in 2015 -- the same rate as 2014. The figure was below the government's 3-percent target set for the whole year.

China's consumer inflation reported faster growth in 2016, the National Bureau of Statistics (NBS) said, as a price rebound in commodities gradually drove up prices.

In December 2016, the CPI increased 2.1 percent from 2015, slightly down from November's 2.3-percent rise. Prices grew by 2.1 percent in cities and 1.9 percent in rural areas. Food prices went up by 2.4 percent, and non-food prices increased 2.0 percent. The price of consumer goods went up by 1.8 percent and the price of services grew by 2.5 percent.

Note:

The Consumer Price Index (CPI) is an index measuring changes over time in the price level of consumer goods and services purchased by residents. It serves as a  comprehensive reflection of changes in price levels.

CPI covers the prices of goods and services in eight categories and 262 basic divisions which cover the living needs of urban and rural residents, including food, tobacco and liquor; clothing; housing; household goods and services; transportation and communication; education, culture and recreation; healthcare; and other goods and services.