Consumer Price Index (CPI)

The index measures changes in prices of goods and services purchased by consumers. When calculating this index an average price for various goods and services is determined and then compared with the results of the previous year. A large portion of the overall inflation is that on consumer prices. Inflation is important for assessing the value of the currency, as higher prices lead to retaliatory steps of the Central Bank in the form of higher interest rates.

• Release Frequency: monthly.
• Release Schedule: 02:00 GMT.
• Source: National Bureau of Statistics of China.