Consumer Price Index (MoM)

The Consumer Price Index is released by the National Bureau of Statistics of China. It is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index. The purchase power of the CNY is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A substantial consumer price index increase would indicate that inflation has become a destabilizing factor in the economy, potentially prompting The People’s Bank of China to tighten monetary policy and fiscal policy risk. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish) for the CNY.

Next event - Wednesday 10 December 2025 01:30

The typical/expected impact on CNY pairs is medium.

The consensus forecast for Consumer Price Index (MoM) is 0.2%. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.

Most recent - Sunday 9 November 2025 01:30

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Economic context

Recent economic data has been broadly neutral for CNY. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (MoM) result:

About Consumer Price Index (MoM)

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