China Consumer Price Index (CPI) MOM
China Consumer Price Index (CPI) MOM stood at -0.1% in Jul 2026, according to National Statistics Office (NSO) of China (NBS). It is one of the indicators in the CPI table (Value · Monthly), with a complete series running from Jan 2008 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the CPI table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Headline CPI (MOM) | -0.1 | -0.3 | -0.1 | 0.3 | -0.7 | 1 | 0.2 | 0.2 | -0.1 | 0.2 | |
| Food, beverages and tobacco | -0.8 | -0.8 | -0.9 | -0.8 | 0.4 | 1.4 | -0.2 | 0.8 | 0.3 | -1.6 | |
| Clothing and footwear | 1.4 | 1.4 | 1.4 | 1.5 | 1.6 | 1.9 | 1.9 | 1.7 | 1.9 | 1.7 |
Understanding china Consumer Price Index (CPI) MOM
A measure of price fluctuations for all consumer goods and services nationwide compared to the immediately preceding period. The indicator covers essential categories from food, apparel, and housing to medical, cultural, and transport services. The key difference from year-on-year series is that this data series instantly reflects short-term upward or downward price impulses in the economy, helping to identify changes in monthly inflation pressures early.
Observing monthly fluctuations helps detect inflation trends early, but is highly susceptible to noise from seasonal factors or major holidays such as the Lunar New Year. Data is typically surveyed monthly and may be revised when detailed information becomes available. Analysts generally combine this series with the year-on-year index to remove irregular fluctuations and assess the overall price picture more accurately.
Frequently asked questions
- What does the month-on-month change reflect?
- The index shows the short-term rate of price change for consumer commodities between consecutive periods.
- What is the largest source of noise in this data series?
- Extended Lunar New Year holidays falling at the beginning of the year typically cause a surge in shopping demand, triggering sharp price movements.
- Should one use this index or the year-on-year index?
- Tracking on a monthly basis helps anticipate trends, but requires cross-referencing longer series to filter out seasonal noise.