China - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in China was 129.37 as of 2021. As the graph below shows, over the past 35 years this indicator reached a maximum value of 129.37 in 2021 and a minimum value of 26.05 in 1986.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1986 26.05
1987 27.93
1988 33.19
1989 39.24
1990 40.44
1991 41.88
1992 44.54
1993 51.05
1994 63.43
1995 74.08
1996 80.24
1997 82.47
1998 81.84
1999 80.69
2000 80.97
2001 81.55
2002 80.96
2003 81.87
2004 85.00
2005 86.51
2006 87.94
2007 92.17
2008 97.63
2009 96.92
2010 100.00
2011 105.55
2012 108.32
2013 111.16
2014 113.29
2015 114.92
2016 117.22
2017 119.09
2018 121.56
2019 125.08
2020 128.11
2021 129.37

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices