Consumer Price Index
CPI 2017
Updated: Feb 28, 2018
National Bureau of Statistics
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China's consumer price index, a main gauge of inflation, rose 1.6 percent year-on-year in 2017, down from 2 percent in 2016. Prices grew by 1.7 percent in cities and 1.3 percent in rural areas, according to NBS data.
In December, the figure stood at 1.8 percent year-on-year. Prices grew by 1.9 percent in cities and 1.7 percent in rural areas. Food prices went down by 0.4 percent, and non-food prices increased 2.4 percent. The price of consumer goods went up by 1.1 percent and the price of services grew by 3.0 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.
