What it measures
China's CPI measures the change in the prices of goods and services bought by households, with food, and pork in particular, carrying a large weight.
The calendar shows the date and time of this release only; the figure itself is on the official page linked at the bottom.
Who publishes it and when
The National Bureau of Statistics publishes CPI, together with producer prices (PPI), at 09:30 Beijing time, usually around the 9th to 10th of the month after the one it covers. The exact dates are in the NBS release calendar.
How it is put together
Prices are collected across cities and rural areas. Food prices can swing the headline a lot, so core inflation excluding food and energy is watched as a guide to underlying demand.
What traders watch
Traders look at headline and core inflation and at producer prices released at the same time, which show the price pressure in Chinese factories that can spread to the rest of the world through exports.
How markets have usually reacted
Reactions are usually moderate and show up most in the Australian and New Zealand dollars, industrial metals and Asian stock indices. Signs of falling prices have often been read as a sign of weak demand.
Common mistakes
- Reading a food-price swing as a change in the trend.
- Ignoring producer prices, which are released at the same time.
How a higher or lower figure is usually read
There is no figure in the calendar for this event. Very low inflation is often read as a sign of weak demand, which can weigh on commodity-linked currencies. Not a signal.
Release history
No past releases recorded yet.
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Official source
Published by National Bureau of Statistics of China (NBS): www.stats.gov.cn