CPI Y/Y

What is this event?

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates.

Measures

Change in the price of goods and services purchased by consumers.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Released monthly, usually about 10 days after the month ends.

Source of Data

National Bureau of Statistics of China (latest release)